MovieBloc is a film distribution platform based on blockchain technology. Creators gain transparent revenue insights, audience data, and fair screening opportunities. Audiences access a diverse range of films and can earn rewards by contributing to the MovieBloc ecosystem through curation, foreign subtitles, and marketing designs.
The MBL currency is used for economic activities such as watching premium content, paying translators and designers, and donations. Users can earn MBL by reporting illegal content, writing reviews, and providing feedback. MBL can also generate revenue from advertisements on the MovieBloc platform.
Project Highlights
1. Moving Away from the Film Industrys Center
MovieBloc shifts away from the centralized model of film production and distribution driven by massive capital. Instead, it develops its ecosystem by rewarding participants transparently based on their contributions. Participants play roles as creators, curators, translators, critics, and viewers. While existing blockchain projects in film focus mainly on increasing creator revenue and viewer compensation through distribution, MovieBloc operates entirely on user participation from production to marketing and translation.
2. Film Production Through Creator Sponsorship
MovieBloc hosts web film festivals based on blockchain to discover quality films and new creators. These festivals run continuously, with seasons awarding millions of won in prizes. Winning the festival not only provides financial reward but also recognition that encourages more high-quality content to flow into MovieBloc. Additionally, creators can secure funding for their films through sponsor support, offering perks like early access to backers.
3. Ensuring Creator Revenue
In MovieBloc, creators set their own prices and can receive up to 70% of the revenue. They have control over pricing, release dates, and service regions without additional negotiations or approval processes. Curators promote films, and translators worldwide produce subtitles in various languages, enabling global distribution. Designers create promotional materials for marketing. This diverse user engagement supports increased revenue for creators.
4. Providing Transparent Revenue and Data
MovieBloc uses smart contracts to pay out earnings to participants. The critical processes of uploading films, user payments, and consumption are recorded on the blockchain. Creators and content providers can access information about viewer demographics, channels of exposure, and viewing habits on their dashboards. This data allows them to tailor their creations, distribution, and promotion to meet audience demands.
5. International Screening Venue: MovieBloc
To transcend borders and provide films to a global audience, MovieBloc collaborates with KMPlayer, the world’s longest-running and most widely-used video player software. Since its launch in 2006, KMPlayer has been updated for over twelve years and is available across PC, mobile, and VR platforms. It serves over 150 countries and has been downloaded over 800 million times on Softonic.com in the U.S. alone.
The partnership between KMPlayer and MovieBloc leverages the existing KMPlayer user base, reducing marketing costs associated with acquiring new customers. With this advantage, KMPlayer can directly connect creators with consumers around the world, showcasing a wide variety of films.
Purpose of MBL Currency
The virtual currency MBL serves as the primary medium for economic activities within the MovieBloc ecosystem:
1) Payment for premium content
2) Transactions for secondary creations like translations and designs
3) Gaining curator screening venues
4) Sponsoring creators and participating in film production
5) Rewards for user engagement (reporting illegal content, ratings, and reviews)