Revolutionizing film financing and production with crypto and blockchain

The media and entertainment industry generates billions of dollars in annual revenue as artists and creators release more content for consumers via multiple streaming platforms.

Unfortunately, the film industry is plagued with rent-seeking middlemen, unequal distribution of profits, changing consumption habits and several other inefficiencies that push consumers out of the equation in film production processes.

Imagine a decentralized filmmaking ecosystem that allows producers to take big risks to create films that can shock, challenge and inspire viewers. Imagine an ecosystem where consumers can provide input on the film disc. All this and more is what FLIX brings to the entertainment industry.

The project intends to create an independent, decentralized filmmaking ecosystem that shifts power back into the hands of the people.

What is FLIX?

FLIX is a decentralized film financing token founded by two veteran Hollywood filmmakers, Ben Rosenblatt and Micho Rutare, to revolutionize the film industry.

American Meme, the company behind the project, aims to create an independent, self-sustaining filmmaking ecosystem using new crypto, blockchain and Web3 technologies.

FLIX is trying to reinvent how independent films are financed, produced and distributed.

How does it work?

FLIX plans to leverage its original token, FLIX, to achieve its goal of revolutionizing film financing. The project will use the cryptocurrency’s purchase and sale fees to raise capital for several films that appeal to film and crypto enthusiasts.

Its vision is to create a growing, robust community of crypto and film lovers who can invest in the film production process both financially and creatively. Thus, the platform encourages members to share creative proposals for film production.

The project will invest in new ideas and use blockchain transactions to finance film projects through its native token: film producers and token holders join a private Discord to provide feedback on specific creative decisions decided by the producers; a percentage of each transaction on the platform with the token goes directly into the movie wallet. The FLIX team will use 75% of the funds in the film wallet for production and the remaining 25% for marketing and advertising.

FLIX is the original cryptocurrency of the ecosystem. It is an ERC-20 standard token that powers all activity performed on the platform. The token has a supply cap of 1 billion units.

The digital resource gives holders access to exclusive community events with members who accept FLIX. Holders will also get exclusive access to cast and crew chats, behind-the-scenes invites, premieres and parties, and provide input on the movie slate. FLIX holders have the power to vote on decisions that could affect the platform’s future, including which film projects to support.

The cryptocurrency is designed to be deflationary, with several measures in place to ensure that its relative value continues to increase in the future. To achieve this deflation feature, the project developers will use profits from movie sales, distribution and licensing to buy back FLIX and “burn” tokens.

FLIX’s vision for its initial token is for the cryptocurrency to become the dominant medium of exchange for filmed entertainment transactions, both in the traditional film industry and the metaverse.

The token is live and available on the decentralized exchange, Uniswap. The team plans to use the initial funds to build a production pipeline and list the cryptocurrency on several major exchanges.