BITFLIX FEATURED: THE DAWN OF MOVIE NFTs
Hailed as the ‘Netflix Metaverse of Blockchain Technology’, Bitflix has so much to offer. Being the world’s first hollywood NFT platform, it features seven categories of NFTs: movie, star, music, activist, backstage, avatar and trophy.
Movies and NFTs — why’s the hype?
As cryptocurrencies became an alternative way of making investments in the modern market and blockchain technology has drastically transformed the world of investing, non-fungible tokens’ (NFTs) entry into the marketplace has provided a new route for different artists to fund or sell their works.
NFTs are unique digital content pieces that are registered on a blockchain. These digital assets rose in popularity and gained significant attention from investors, creators, collectors, and artists around the world. NFTs became a useful tool to provide authentic ownership of music, art, video clips, among others. Exclusive contents such as behind the scenes and special interviews, or special rare collectibles are things that await the fans of NFTs.
The Rise of Movie NFTs
Overall funding of new movies has become a problem for new filmmakers. Being new to the industry, unheard-of movies are tough to produce, distribute, and monetize in the mainstream media. This recurring problem for new movie makers had given birth to the rise of Movie NFTs. Movie NFT is a great way to finance the project and build a fanbase that will watch the film once it’s released.
Movie NFT is a collectible behind-the-scene (BTS) video of an iconic movie movement. Movie NFTs become more valuable if the actor or movie becomes famous. On the other hand, buyers of Movie NFTs are given exclusive perks.
Take this for example, if Terminator was the initial movie offering (IMO), the BTS video of Arnold Schwarzenegger’s phrase “I’ll be back” would be the movie NFT. Just imagine having first-hand experience on this rare collectible. It is something for the fans to be excited for. It is like supporting your favorite celebrities and scenes in a unique and exclusive way.
Now, we will take a glance at what Bitflix has to offer.
Bitflix Commercializing Movie NFTs
Being the first Hollywood Movie NFT platform, Bitflix allows you to purchase NFT collectibles from your favorite movies, connect and interact with your favorite celebrities, stream your favorite blockbusters, and vote for movies you want to see. Buyers will enjoy certain benefits, which include casting voting rights, executive producer film credits and celebrity access through live streaming ask-me-anything (AMA) sessions during film production. You can purchase these collectibles by using $BTFLX tokens.
Bitflix technology ascertains all artists a chance to grow regardless of prior fame. Here, content creators get an opportunity to showcase a single screenplay. On the other hand, Bitflix provides a venue for Movie NFT collectors who want to own rare collectibles of their favorite stars’ movies. Moreover, all users can then trade their NFTs with other fans or use them as a token of appreciation, eventually gaining voting rights if they collect enough Bitflix tokens ($BTFLX).
Moreover, Bitflix NFT is anchored in a system that guarantees the purchaser will never and can never be affected by the potential “pulling out the rug problem”. “Pulling out the rug” is a scam wherein the NFT creator takes all the money and runs while leaving the community collectors high and dry. Actually, Bitflix NFTs even provide all of its NFT purchasers with a 100-year data storage warranty.
In contrast with other NFT-based movie marketplace competitors, Bitflix has made its own unique platform that serves as its primary marketplace technology. As a result, Bifltix is the world’s first Movie NFT marketplace and platform to commercialize NFTs during the film production process. Bitflix’s marketplace allows Movie NFTs to provide a smooth user experience for collectors and direct benefits to movie production teams.
Bitflix’s decision to use Polygon MATIC, one of the most well-known crypto networks, could prove to be an intelligent one, especially in the future. Ethereum being an expensive platform for some projects to consider, Bitflix has seen that it has a potential growth in the platform by using Polygon. Bitflix has given its fans, users, and the industry a platform where they can create a meaningful value and it is something to look up into the future. The developers had definitely done their research and had seen that this project would succeed.
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