BlockbusterDAO, the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. autonomous organization interested in Blockbuster, is looking to raise about $5 million to take over the brand and relaunch it as a streaming service based on Blockchain.
While the DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. are becoming very popular and among their proposals to change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. the operating models of many things, it is becoming a much more popular concept that seeks to expand its reach among things already associated with popular culture.
This is the case of a new decentralized autonomous organization called the BlockbusterDAO, which as its name seems to indicate, is a proposal that seeks to take over the rights to the defunct movie rental business and reformulate it in light of the new times and needs.
¿Una DAO interested in Blockbuster?
This was announced by the team responsible for BlockbusterDAO in a set of messages published through his Twitter account, one of which reads as follows:
“Our mission is to liberate Blockbuster and form a DAO of collective brand governance in the world of cryptocurrencies, governance is defined as the people or organizations that have decision-making powers regarding the project. as we make Blockbuster the first streaming film platform a place to buy, sell and store cryptocurrency and a pillar of Web3 brands and products, but a powerhouse in the future of the film industry….”
Our mission is to liberate Blockbuster and form a DAO to collectively govern the brand as we turn Blockbuster into the first-ever DeFilm streaming platform and a mainstay of both the Web3 brands and products, but a powerhouse in the future of the film industry. Read the ????????
— BlockbusterDAO (@BlockbusterDAO) December 26, 2021
Among the plans of BlockbusterDAO is to raise about $5 million to buy the brand. Blockbuster to its current owner, Dish Network, which acquired it in 2011. To do this, the project plans to finance itself through the sale of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. collectibles. (NFT), which it would be marketing at a base price of 0.13 ETH per unit.
The growing popularity of the DAO
Although it is a much older concept than some people think, the DAO have gained a lot of popularity in recent times and interesting proposals have emerged that seek to take advantage of this concept to turn certain institutionalized things around.
One of the most noteworthy cases in recent weeks was that of the ConstitutionDAO, a decentralized autonomous organization that managed to raise some $47 million to participate in the auction an auction is a public sale through a bidding process where an asset is sold to the highest bidder. of an old copy of the U.S. constitution, which unfortunately did not manage to get the document but proved that these kinds of proposals can get a lot of traction.
On the other hand there was also the organizing group ofFreeRossDAO, an organization created to promote prison reform aimed at securing the release of Silk Road founder Ross Ulbricht, who is currently serving a prison sentence for crimes associated with Silk Road’s operations.
Regarding this DAO who is behind Blockbuster, it remains to be seen if it succeeds and gets the brand to carry out its goal. However, it does not rule out the possibility that many others could proliferate and take advantage of the rise of digital currencies and/or the NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. to finance themselves.
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Version by Angel Di Matteo / DiarioBitcoin
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