350,000 ONT Staked! MovieBloc Becomes Ontology’s Latest Node

Today, MovieBloc, a project which has been supported by Ontology’s incubation program, has been announced as Ontology’s latest node.

The Ontology Team
OntologyNetwork
2 min readNov 1, 2019

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Currently, MovieBloc has already staked 350,000 ONT, including initial staking of 100,000 ONT and 250,000 ONT open for public staking, we hope that this new announcement will further deepen our partnership.

In order to encourage users, the MovieBloc node will support users to achieve 100% node staking yield after a short period of approximately two weeks. In the future, users will also be able to log into MovieBloc through the ONT ID protocol, allowing them to share and co-build the film and television ecosystem.

For those that are unfamiliar, MovieBloc is a blockchain-based film distribution platform from Korea. The Creators will get a transparent revenue share, audience data, and equal screening opportunity; the viewers will access various films & contents and get rewarded for providing curation, foreign subtitles, and marketing material to the MovieBloc ecosystem.

To give more details about our relationship, back in March, we officially announced our partnership with MovieBloc. This partnership showed a lot of promise for the future, with the MovieBloc platform powered by Ontology’s technology. Furthermore, our partnership aimed to help with the decentralized development of KMPlayer, a video playback platform with 812 million users and 500 million plays in over 150 countries worldwide, Pandora TV, the first video sharing website in the world to attach advertisement to user-submitted video clips and to provide unlimited storage space for users to upload, and Prism Exchange, the largest video advertising marketplace platform in Korea. So far, this partnership has seen Ontology’s active users grow and our global market share rise.

Now, as MovieBloc has become a new node on Ontology, it will continue to attract large user groups for us. And this is an important driving force to promote the ecological prosperity of Ontology!

To learn more about MovieBloc, take a look at http://moviebloc.io/

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