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Media & Entertainment

MoviePass can rotate in Crypto

techtost.comBy techtost.com29 January 202503 Mins Read
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Moviepass Can Rotate In Crypto
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Following MoviePass’s historical explosion, subscribers to “Netflix for Movie Theaters” were already careful about the re -launch of the company 2023. These filmmakers can develop even more skeptical after Moviepass sent an e -mail on Wednesday examined customers for their interest in web3.

“Artificial intelligence and blockchain technologies turn the business landscape at an unprecedented pace,” the email says. “As a community -based company, we would like to understand your interest and knowledge in the field of blockchain.”

The survey asks key questions about the respondent’s familiarity with Web3, as if he possesses any assets such as NFTS or if they have a digital wallet. Customers were also asked if they believe that blockchain technology is very promising and if they are interested in learning more about it.

The possible MoviePass axis on Web3 did not come out of nowhere. When the company was coming back, that Increase seed funding From Animoca Brands, a Hong Kong -based software company and business capital company specializing in Blockchain technology. Last year, MoviePass worked with the Sui blockchain To allow subscribers to make payments with USDC, a encryption associated with US dollar price.

At that time, the co -founder of Moviepass Stacy Spikes said This moviepass intended to use the web3 as a means “making the film more accessible and capable of reaching a wider audience through deeper fan engagement”. The company said it was watching the offer of rewards in the chain to watch movies or allow users to invest in films they see (there are no more details on how it would really work).

It is not clear if the fans want these bonuses in the chain, however, or whether this type of blockchain infrastructure would even help the company achieve. In some cases, the addition of cryptographic data to a company that works perfectly without being able to alienate users rather than lure them. Patreon also once looked at its users for their interest in encryption, but the creator’s member platform met with a clear no.

Without adding a web3 item, the new and improved moviepass has already turned into Gain in 2023.

While the first version of MoviePass was incredibly unsustainable – subscribers could watch unlimited movies in theaters for just $ 10, less than the cost of a movie ticket – Moviepass’s new repetition makes a more moderate offer. Now MoviePass operates in a somewhat confusing credit system, where each film that shows can be redeemed for a certain number of credits, which varies depending on the time of day and the form of projection (IMAX, 3D, etc.). For subscribers living in places where movie tickets cost more, such as New York or Los Angeles, their monthly pay will be higher.

Last February, Moviepass announced that subscribers had seen 1 million films through its bids, but did not specify how many subscribers it has.

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