Market Overview

Film Financing Cryptocurrency DreamCoin Launches at Comic-Con International

Share:

Film Financing Cryptocurrency DreamCoin Launches at Comic-Con International

A new slate of movies will be brought to the big screen using a groundbreaking film financing cryptocurrency, DreamCoin.

PR Newswire

LOS ANGELES, Calif. and SYDNEY, Australia, July 20, 2018 /PRNewswire-PRWeb/ -- Launching at San Diego Comic-Con International, DreamCoin is the world's first cryptocurrency specifically dedicated to solving the film financing conundrum. A specialized crowdfunding digital currency, DreamCoin issues a token for every film frame, allowing audiences to own and trade pieces of film and entitling them to respective royalties on their investment. In another global first, the film frames may be purchased with Dream Frames, a companion crypto-collectibles game that creates a new film financing structure. Dream Frames issues DreamCoin tokens for each frame in the film, allowing investors to purchase royalties by a simple smart contract on the Ethereum blockchain. The format solves a major problem in film financing by connecting buyers and sellers directly and providing investors with a trackable and transparent royalty structure.

The Dream Frames game is part a new breed of online game, known as "crypto-collectibles", akin to smash hit blockchain game CryptoKitties. Dream Frames generates a unique ERC721 token for every frame of a film tethered to the blockchain ensuring uniqueness, trackability and transparency. Fans and investors buy DreamCoin (DZz) ERC20 tokens and then convert them into film frames (ERC721 protocol) by selecting the frames they want to own in Dream Frames. By tokenizing each frame of a film, a business model is created that allows the frames to increase in value once the film is released, along with many other factors – including whether the film becomes a success and/or if the characters (actors) in particular frames become a success. Through a simple smart contract, owners are entitled to royalties based on these respective frames. Dream Frames is a viable financing model for all types of films, including virtual reality/mixed reality films. Dream Frames is unique in that it is tied directly to quantifiable units of IP (film frames). It also stands out as a viable financial solution for films in production/post-production and finished films. Experimental VR feature Dream Channel will be the debut film launching from the Dream Frames game platform, initially only sold to qualifying investors. Several features from major Hollywood producers are in the near-term pipeline for DreamCoin, to be announced soon.

"We are thrilled to announce DreamCoin at Comic-Con and break ground on many levels," said Jonny Peters, DreamCoin CEO and founder. "DreamCoin allows people to contribute to a film who could never do so before. It solves the film financing conundrum by not only substantially widening the catch net for Producers seeking funding, but it creates a secondary market for trading film frames bringing the crowd to films."

Peters will be speaking on the blockchain panel at San Diego Comic-Con "Going Crypto: How Digital Coin Technology Is Changing How We Live Our Lives" July 19.

The DreamCoin token sale will start in August with a private pre-sale including a 25% bonus, with the public sale slated for December 2018.

To register your interest and for more information, please visit https://dreamcoin.io.

About Gaze Coin

Gaze Coin is a company and platform specifically designed to solve the monetization challenges of virtual worlds, bridging the gap between the promise of digital reality (VR/AR) and the ability for creators, brands and users to capitalize on it. Gaze Coin (GZE token) is an attention-economy cryptocurrency and blockchain solution monetizing 'gaze' in digital reality, allowing creators and brands to mint their own tokens and users to earn and exchange rewards without having to hold a digital currency first. Gaze Coin also produces interactive virtual reality experiences and environments that employ its platform. Gaze Coin was founded in 2017 and is based in Sydney, Australia.

 

SOURCE DreamCoin

View Comments and Join the Discussion!