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About MovieBloc
- Founded by Peter Kim, MovieBloc is a decentralized movie and content distribution platform.
- Mission: solve problems caused by the domination of the theatre and home entertainment industry by conglomerates using blockchain technology.
- Creators get transparent revenue share, audience data, and equal screening opportunity.
- Viewers access diverse films and content, and get rewarded for providing curation, subtitles, and marketing materials.
- Over 100 movies and dramas have been screened.
- Long-term goal: create the largest film ecosystem centered on participants.
- Acquired ‘Cobak’, a crypto community service in Korea, in February 2020.
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Introducing MovieBloc: Revolutionizing the Film Industry
Introducing MovieBloc: A Revolutionary Blockchain-Based Film Distribution Platform
Founded by Peter Kim, MovieBloc is a pioneering reverse ICO project born out of Pandora.tv, a prominent Korean video streaming platform. At its core, MovieBloc is a decentralized platform designed for the seamless distribution of movies and content.
Our Mission and Vision
MovieBloc’s mission is to revolutionize the theatre and home entertainment industry, long dominated by conglomerates, by harnessing the power of blockchain technology. This innovative approach will empower creators with transparent revenue sharing, access to valuable audience data, and equal opportunities for screening their work. Meanwhile, viewers will be treated to a diverse array of films and content, and incentivized for their contributions to the community, including curation, subtitles, and marketing materials. With over 100 movies and dramas already showcased, MovieBloc envisions a future where it establishes the largest, participant-centric film ecosystem.
In February 2020, MovieBloc acquired Cobak, a prominent Korean crypto community service, which offers a comprehensive mobile platform featuring a cryptocurrency wallet, community forums, real-time market tickers, news updates, airdrop services, and token sale facilities. The following month, MovieBloc established MBL Media, a content IP development company focused on creating, producing, and managing intellectual property rights for animation and film content. Notably, Ahn Hong-ju, a esteemed advisor to MovieBloc, was appointed as the CEO of MBL Media.
Inaugural Launch Date
The MovieBloc project embarked on its journey on May 5, 2019, with a successful listing on Gate.io. In the subsequent year, it achieved listings on prominent exchanges, including Binance, Upbit, Bithumb, Coinone, Indodax, and MXC. The official service was formally inaugurated on December 31, 2019.
Notably, the Platform MovieBloc has successfully migrated to the Ontology mainnet.
Token Utilization Scenarios
MBL, the native token of MovieBloc, facilitates economic activity within the ecosystem, encompassing various transactions, including: users accessing premium content (TVOD); creators compensating translators; users making donations to other participants, such as creators and translators; and rewarding users for their contributions, including reporting illegal content, rating films, and submitting reviews.