Moviepass, the service best knowledge for the unstainable plan to let people see unlimited movies in theaters for a monthly fee, is launching a new fantasy sports-style platform for FILM BUFS. Unfortunately, it’s tied to the blockchain as part of the company’s Ongoing shift into the web3 space,
The Platform, Called MogulLaunched chursday as part of a collaboration between movie and mysten labs. Moviepass describes it as a “Competitive Entertainment Experience” That will let fans participate in fantasy tournaments, head-to-head matchups, and Solo Chalo Chalo Chalo Challenges based on Various Film fandom. That including includes based on audience atndence, critic scores, award victors, and other markers of success.
If you’re a listener of The big picture podcastThey play games similar to this on the regular, thought it’s just a competition between the hosts. There have also also been games that try to tap into a similar energy, like the Hollywood stock exchangeWhich allowed users to buy and sell bets on actors, directors, and films as if they were trading shares in a company.
Moviepass is tapping into that energy, and it seems like they at least have a lot of people interested. The company claims they have 400,000 on the early-recess waitlist. Once he’re in and the games launch, users on mogul will compe to win “digital collectials,” virtual currency, and rewards. There will also be a leaderboard to compte with friends and other players.
Moviepass Ceo Stacy Spikes said in a statement that goal of mogul is “Activating a new generation of fans who are available just watching movies but influencing the culture and economy Around them.” Whoch, Sure? I guess? The kids are really done a number on theaters right now during A minecraft movie Showings, which probally counts as influencing the culture and economy. They did for warner bros. to create “Rowdy” versions of screenings So that people can be as loud and rambunctualous as they want, so that’s something.
But the web3 aspect just makes it feel a little flimsy. If you buy into the blockchain as the platform of the future, Maybe this is super promising to you. But there seems to be very little by via web3 for moviepass that can’t be done elsewhere. The company’s platform Currently Leans on Web3 For virtual currency, which can be used to purchase monthly plans, and lets people do things like watch ads in exchanges in exchanges for credit that get deposited in their virtual wallets. Again, Nothing that Hasn’Te Done on Other Platforms. And fantasy sports as a pastime have a lot of infrastructure already on the current web.
The concept here is cool, at least. Maybe it’d be best to not let the blockchain of it all dampen the mood. Anything that gets people more interested and engaged in film should be a win. But any time you get crypto involved, it’s hard not to start looking for the rug pull is going to happy.