Crypto Group Wants To Buy Blockbuster And Turn It Into A Streaming Service

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In what could be one of the most ironic and sacrilegious developments possible, or a positive twist of fate, depending on how you look at it, the beloved and deceased Blockbuster video rental store could turn into a service. streaming.

According to FX Empire, those trying to make this Frankenstein-style transformation a reality are a group called BlockbusterDAO, which stands for Decentralized Autonomous Organization. The group is looking to buy Blockbuster from Dish Network and convert it into a streaming service that would run on blockchain. To do this, however, BlockbusterDAO is trying to raise $ 5 million.

The group shared their manifesto via a Twitter thread on Christmas Day, outlining their lofty goal and how they plan to achieve it.

“Our mission is to unleash Blockbuster and form a DAO to collectively rule the brand as we transform Blockbuster into the very first DeFilm streaming platform and a mainstay of Web3 brands and products, but a powerhouse in the future of the film industry, ”they wrote at the beginning of the thread.

The group continued to pitch their plan in a series of follow-up tweets.

While Dish Network is unlikely to sell Blockbuster, which it bought for $ 320 million in 2011, at least we can all watch the next Netflix comedy about the latest Blockbuster currently in development.

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