It's no secret that the entertainment industry is undergoing a major shift. With traditional outlets struggling to keep up with modern streaming services, it's clear that the future of shows and movies lies in digital platforms. MovieBloc is one of them.

How does MovieBloc fare in the world of rapid change? And, more importantly, how does it leverage the blockchain to create a more efficient and secure environment for content creators and viewers alike? In this article, we'll take a closer look at how MovieBloc works, and its potential implications with regard to the future of movie streaming. Without further ado, let's get started.

Key Takeaways:

• MovieBloc is a blockchain-powered film distribution platform with a full-fledged ecosystem of diverse participants connected by three layers: Community, Market and Fundraising.

• The platform runs on the Ontology blockchain and combines three layers — Application, Decentralized Core and Service — to achieve highly transparent, secure and scalable performance. 

• MovieBloc’s native token, MBL, is used to incentivize participation and proper behavior in its ecosystem.

What Is MovieBloc?

Co-founded by Chris Kang, Jeffrey Jin and Peter Kim, MovieBloc is a decentralized film and content distribution platform launched in 2019. By using blockchain technology, MovieBloc can provide users with a complete and more transparent movie streaming experience. In turn, users of the platform create an even playing field for transparent data and revenue sharing, and improve screening opportunities for movie producers. 

The MovieBloc ecosystem relies on the MBL token, which is used in multiple ways by the various participants within the ecosystem.

How Does MovieBloc Work?

MovieBloc is built on the Ontology blockchain. Imagine a world where you have complete control over your personal data. The Ontology blockchain is a high-speed and low-cost Layer 2 blockchain that offers this luxury by providing users with enhanced privacy and transparency in transactions. Unlike Ethereum, Ontology caters to enterprise builders seeking regulatory compliance without the necessity of disclosing their information to the public.

MovieBloc combines three layers — Application, Decentralized Core and Service — to achieve highly transparent, secure and scalable performance.

The Application Layer is the access point consisting of the wallet, KMPlayer and .BLOC. Users can transact on the Ontology blockchain with their wallets, watch movies streamed through KMPlayer (a high-definition video player that supports diverse video formats and devices) and utilize the .BLOC app, which serves as an online community for all film-related interaction.

The Decentralized Core oversees the token flow and content data in the MovieBloc platform, and the Service Layer is the middle layer that connects the Application Layer to the Decentralized Core and also connects the activities by the .BLOC (Community), Market and Fundraising layers. 

MovieBloc Ecosystem Interaction Flow

MovieBloc aims to create a holistic ecosystem driven by various participants, such as content providers, curators, translators, creators and users. These participants are grouped into three layers, according to their activities:

• Community layer (.BLOC) — Connects all of the participants in the decentralized film community through the app

• Market layer — Facilitates the trade of content, such as films and promotional materials, among participants

• Fundraising layer — Incentivizes content creators to produce high-quality films through film festivals and donations

Key Features

Level Playing Field

MovieBloc will create a more immersive and engaging experience for viewers by decentralizing the film industry. Participants can take on different roles, such as creators, curators or translators. It also offers opportunities to review films with other users through its app. 

All activities carried out within MovieBloc's ecosystem generate shared rewards among stakeholders involved (including production teams), unlike most major film production companies, which are focused on maximizing profit margins.

Transparency

With its blockchain-based smart contract, MovieBloc provides more transparency to the movie industry. It will help creators by giving them insight into who their followers are, and what kinds of content their followers like, so they can deliver every time.

Global Influence

MovieBloc takes participation to the next level by letting users play movies or episodes on demand. Each title is available individually, and paid episodes/movies can be streamed any time within 72 hours from their time of purchase.

Events and Competitions

Offline marketing events, such as quarterly blockchain-based movie festivals, are held on the MovieBloc network to honor quality films and talented new creators. Film festival prizes worth $10,000 are up for grabs each time. Producers earn recognition from the contest and gain monetary rewards for their work.

Creator-Centric Economy

The curators at MovieBloc are determined to help fellow creators succeed, allowing them to set prices, areas and exhibition times for their films without having to obtain approval from a middleman. This means less time spent on ads, and more money saved.

Easy to Sign Up

On the user’s end, payment details such as credit card numbers aren’t required in the sign-up process, which is very straightforward. Additionally, outreach to a global audience means there’s potential for greater revenue.

What Is MBL?

MBL is a token that runs on the Ontology chain and fuels the MovieBloc content distribution platform, serving as its utility token.

MovieBloc's tokens can be used for payment-related services, such as premium content and language translation, within the MovieBloc ecosystem. MBL tokens are not only used for payment but also to encourage transparency in the system, as reports of illegal content or compromising movies are incentivized.

MovieBloc has a total supply of 30 billion MBL tokens, distributed as follows:

MovieBloc (MBL) Price Prediction

As of Nov 22, 2023, MBL has a market cap of $98.61 million and is priced at $0.005, with a 24-hour trading volume of $10.46 million. Its current price is 87.23% lower than its all-time high of $0.045 on Apr 2, 2021, and over 1,200% higher than its lowest price of $0.00043, recorded on Oct 25, 2019. 

Price prediction experts mostly hold a favorable outlook for the MBL token. DigitalCoinPrice anticipates MBL will reach a maximum of $0.02 in 2025 and $0.078 in 2030. PricePrediction is also bullish on MBL for the long run, forecasting it to hit $0.015 in 2025 and cross the 1-cent mark by 2030.

Is MovieBloc (MBL) a Good Investment? 

Most of the profit made by the MovieBloc platform will come from streaming services. We’ve seen traditional centralized streaming platforms like Netflix make millions of dollars, and if MovieBloc can allocate its resources to improve the streaming experience, it could well follow suit. Its potential alone makes it a viable investment. 

MovieBloc held two successful film festivals in 2022 that supported the development and promotion of independent films. In 2023, MovieBloc expanded its ecosystem by releasing mobile theater and news services promoting independent films.

In just a few years since its inception in 2019, MovieBloc has achieved its vision of becoming a holistic ecosystem driven by the synergy of a movie market, an engaged community and fundraising. Its completed ecosystem will let it truly thrive as a global independent movie platform that will see continuous growth. 

MovieBloc can do this in a short period of time due to its user-centric structure. We believe it will make waves in the entertainment industry as more people learn about it — so now might be a good time to take a small position and watch. Nevertheless, it’s prudent to do your own research before investing in any volatile altcoins.

Where to Buy MBL Tokens

You can buy MBL as a USDT Perpetual contract (MBLUSDT) on Bybit. If you don’t have an account with Bybit, simply register to start trading over hundreds of crypto assets in the spot and derivatives markets.

Closing Thoughts

So, what do we think about MovieBloc? In short, it's an ambitious project that has the potential to revolutionize the way we watch movies. By utilizing blockchain technology and building a content distribution platform based on its community, MovieBloc has the potential to create a more efficient and secure ecosystem for content creators, contributors and consumers. 

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