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Vladar49
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Russian Movie Director to Launch a Blockchain-powered Platform

Thu Jun 07, 2018 10:53 pm

Fedor Bondarchuk, a famous Russian producer and director, will create the first blockchain-based platform in partnership with country’s top businessmen to finance film production.

According to local news outlet Kommersant, the first project of this new fintech venture will be “Attraction-2”. Film companies will give the blockchain-based platform called Cinemico rights (fully or partially) to the future film, and investors will receive virtual coins in return. If the film is successful, the owners of crypto coins will earn their share of the collected funds depending on the size of the investment. If the film fails to be profitable or the necessary amount of money for its creation is not gathered, the funds will be returned to investors.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/movie-director-to- ... -platform/

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