Just a few weeks after A decentralized autonomous organization (DAO) is trying to buy an original copy of the US Constitution. Most recently, the DAO wants to buy Blockbuster, a movie rental business, to turn it into a free-to-play movie streaming service. decentralized
Our mission is to liberate Blockbuster and form a DAO to collectively govern the brand as we turn Blockbuster into the first-ever DeFilm streaming platform and a mainstay of both the Web3 brands and products, but a powerhouse in the future of the film industry. Read the
— BlockbusterDAO (@BlockbusterDAO) December 26, 2021
The name of that DAO is BlockbusterDAO.Threads on Twitter atPosted on December 25th by BlockbusterDAO. It seeks to acquire the Blockbuster brand and build a decentralized movie streaming service – with future movie financing and production plans.
and to achieve their goals BlockbusterDAO committed to raising $5 million to acquire Blockbuster from Dish Network, an American television provider that bought the movie rental company in 2011. BlockbusterDAO Aim to raise cash with sales. BlockbusterDAO NFT at 0.13 ETH (approximately $530)
DAO has received a lot of attention this year. It is a channel for various groups to make democratic decisions. and achieve common goals They often use NFT, regulatory tokens, or other forms of digital currency to vote on these decisions and raise funds for the DAO.
Recent notable DAOs include ConstitutionDAO, which raised $11 million in an effort to purchase a rare copy of the United States Constitution but failed. and a prison reform advocacy group that wants the release of Silk Road founder Ross Ulbricht from captivity known as FreeRossDAO.
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