tZERO Partners With Media Startup to Tokenize Film Financing
Overstock’s security token subsidiary tZERO has announced a partnership with media startup BLOQ FLIX to tokenize film financing.
The company announced the plans on Thursday, amid a period of reorganization following tZERO’s quarterly loss of $10 million and Overstock CEO David Byrne’s abrupt departure.
Through the partnership, referred to as “Blockbuster meets blockchain” in the press release, the firms will establish a new film financing route for television, internet, and studio projects. Using tZERO’s tokenization protocol, BLOQ FLIX will enable qualified investors to participate in the funding process.
“We are thrilled to partner with the BLOQ FLIX team to bring a secure and innovative investment alternative to film financing. Our continued goal is to tokenize and trade assets that can benefit from blockchain technology, and digitizing film financing fits this model nicely,” said tZERO CEO Saum Noursalehi, in a statement.
According to BLOQ FLIX CEO Brandon Hogan, blockchain will streamline the funding process by providing capital directly to studios and producers.
The brokerage JumpStart Securities will serve as placement agent for these offerings.
Hogan and BLOQ FlIX co-founder Jonathan Helmuth have collectively raised over $100 million in production funds throughout their careers, according to the press release.
In July, tZERO announced it will tokenize and raise up to $40 million in funding for Atari founder Nolan Bushnell’s biopic, with film production and financing company Vision Tree.
tZERO photo via Flickr
If reproduced, please indicate the source: https://www.uucj.net/tzero-partners-with-media-startup-to-tokenize-film-financing/
Japanese multinational group Sony has invested in Securitize through its venture capital fund SFV・GB L.P, which is co-managed by Sony Financial Ventures (SFV) and Global Brain. Securitize is a blockchain-oriented firm that helps businesses issue compliant security tokens. Sony Joins Nomura, MUFG, and Santander to Invest in Securitize The latest investment by SFV・GB an extension of Securitize’s recent funding round that raised over $14 from VC firms, including Nomura Holdings, MUFG Innovation Partners, Santander InnoVentures, and Blockchain Capital. Securitize CEO and co-founder Carlos Domingo commented: “The investment validates Securitize as one of the most important architects of digital capital markets while adding another marquee name to a growing list of companies who are investing in digital securities as the future of global capital markets.” SFV is part of Sony Financial Group, a Tokyo-based financial services group that includes the holding firm Sony Financial Holdings and its subsidiaries, including Sony Life Insurance, Sony Assurance, Sony Bank, Sony Payment Services, and Sony Lifecare, among others. The VC firm invests in startups and businesses across Asia, North America, and Europe. SFV has been…Feb 5, 2020
Top virologist Yi Guan says the golden window of containment for the coronavirus was missed. Cost for containment can increase exponentially and it could be ten times worse than SARS. U.S. scientists praised Chinese virologists for putting out the sequence early for examination. Coronavirus, which has caused one of the worst virus outbreaks in recent history, missed the golden window of containment says China’s top virologist Yi Guan. In 2003, the global SARS outbreak led to 774 deaths with 8,098 affected. According to a report from am730, the third biggest newspaper in Hong Kong, Guan said that the “probable scale of a full outbreak can reach at least [ten] times that of SARS.” Guan was ranked as the top 11 microbiologist in the world by Thomson Reuters and played a key role in finding the source of the SARS virus. 40 million locked down, South Korea and Japan in Panic China has already locked down ten cities, containing up to 40 million local residents to prevent the virus outbreak from worsening. Residents in the following cities have been restricted from…Jan 24, 2020
PayFbit, an upcoming unique & powerful platform has announced an Airdrop Campaign. This event is focused on increasing awareness about PayFbit’s unique wallet platform. As an introductory celebration, the PayFbit is offering free redeemable candies to users. The details of this campaign are given below. What is PayFbit? PayFbit is upcoming smart blockchain-based payment solution for managing digital assets & fiat currencies. The whole solution has been designed to provide Safe, Secure & Smart payment ecosystem for enabling users to realize benefits of cryptocurrencies in their day to day lives. The projects described in detail on their website seem to revolve around a single core goal: To help cryptocurrencies to go fast in mainstream & empowers users various advantages of making transactions using blockchain technology by using our unique crypto wallet platform for their day to day utilities with ease on their fingertips using mobile devices & others. www.PayFbit.com lists several features complementing cryptocurrency and places a focus on user-friendliness & utilities. It is a powerful & unique wallet platform that allows users to hold, send-receive, Convert and spend digital assets…Jan 18, 2020
Bitcoin’s status as an uncorrelated asset makes it extremely difficult to gauge the timing of the market cycle. Its volatility makes it easy for traders to get pump-faked and get liquidated when the market takes an unexpected reversal, so, are we finally in a bull market? Are We in a Bitcoin Bull Market? Benjamin Cowen, a trader who goes by intothecryptoverse on Twitter, has released a video where he addresses Bitcoin’s recent bullish price action and provides analysis as to whether we have finally entered a new bull market. Recognizing the start of a bull market is not always easy, especially with Bitcoin. Cowen begins by saying that hindsight is 20/20, so its important to look at prior bull markets to recognize similarities and market patterns. For his analysis, he relies on the 20-week, 100-week, and 200-week Moving Averages to give us clues, about Bitcoin price movements. Cowen noted the similarities between the 2015 commencement of the bull market and now, as crossing the 20 weeks moving average for the first time, failed to hold support, both in 2015 and…Feb 15, 2020
The price of the second-largest cryptocurrency by market cap, Ethereum, may be down as much as 90% from its all-time high price of over $1,400, but ICO investors are still up over 400x on their initial investment. Could this suggest that Ethereum has a lot more room to fall, despite seeing most of its 2017 bull run gains evaporate already? Early Ethereum Investors Are Still Up Over 400x On Initial Investment Ethereum today dominates the cryptocurrency market alongside Bitcoin and Ripple. The big three are the first investment choices for those considering exploring the world of crypto assets. Related Reading | Ethereum Fractal Suggests Altcoins Could Soon Outperform Bitcoin But compared to Bitcoin, Ethereum is relatively young, born from an initial coin offering back in 2015. At the time of the altcoin project’s release, it was available to early ICO investors for just 30 cents per ETH. At today’s prices, as one crypto analyst points out, ICO investors are still up as much as 400x on their initial investment, suggesting that although Ethereum’s price has declined significantly over the last…Dec 10, 2019
Sony has announced Sony AI, its new R&D AI division. This new AI research division will develop AI in gaming, gastronomy, and sensors and detecting. AI could do some truly amazing things for gaming, from human-like NPCs to truly intelligent digital assistants. Sony recently announced the forming of Sony AI, a new division aiming to “unleash human creativity.” Obviously, they intend to do this by heavily researching AI technology. Physical and virtually, Sony AI will be developing new ways for AI to interact with the world. While Sony AI will be focusing on sensors and detecting, and gastronomy as well, gaming will benefit greatly from the new division. This brand new branch of AI R&D could have a pretty big impact on future PlayStation consoles. Just imagine the sort of advantages that advanced AI could bring to the world of gaming. Sony has already paired AI and robotics together to create an impressive Aibo robo-dog. | Source: Sony What Sony AI Could Do for Gaming The most obvious thing that AI affects is the behavior of NPCs in games….Nov 20, 2019
Bitcoin (BTC) presented historically low volatility this year, argues the Dec. 2019 SFOX report released on Jan. 8. Coupled with a lower correlation with altcoins, there are emerging signs that the market could start to behave in a more predictable way. However, the cryptocurrency asset class remains disproportionately risky compared to the stock market. In its final monthly report for 2019, the analytics firm SFOX analyzed the yearly performance of Bitcoin and other cryptocurrencies. Compared to traditional assets such as gold and stocks, Bitcoin held a remarkably low correlation index for the past six months. Its average 30-day correlation amounted to -0.037 for the S&P 500 and 0.149 for gold. In addition, the correlation between Bitcoin and altcoins dropped from highs of 0.7 to as low as 0.4. Furthermore, Bitcoin’s volatility fell during the later stages of the year. While still remaining well above the corresponding values for traditional assets, cryptocurrency markets registered a relatively low level of volatility compared to 2018. BTC closed 2019 at 32.05 percent historical volatility, which was in the bottom 10 percent of its volatility…Jan 8, 2020
Gregory Maxwell has stated our reporting on an email he sent to Craig Wright in November 2018 damages his reputation and his “ability to engage in business with others.” The former Blockstream CTO and a former bitcoin protocol dev says the article “fraudulently implicate me in a well known criminal enterprise.” His argument is that at the time he said the “coingeek article is making up stuff saying that I support him and whatnot.” That part was not included in our article. Yet it is precisely because he does not support Craig Wright that his offer of assistance was sufficiently newsworthy at the time. If you recall, in November 2018 Bitcoin Cash (BCH) was in the midst of a very big debate as Craig Wright was chain-splitting to BSV. In the midst of that argument between BCH and BSV, Coingeek – which is affiliated with Craig Wright or his supporters – published an email that they said was by Gregory Maxwell to Craig Wright. In it, Maxwell says: “I believe it would be adverse for interests that concern me if…Dec 14, 2019
The coronavirus put a pause on the Dow Jones’ dizzying ride to new record highs. But one global strategist says it’s just an excuse. He says the stock market was already sick before the Wuhan virus outbreak. Now nervous investors are bailing out before it crashes. If he’s right, the pullback will deepen into a panic. Then it will trigger a broad, painful, and inevitable stock market correction. The Dow Jones’ final run up to 30,000 has been postponed. Wall Street was ecstatic as the index posted its highest ever closing record of 29,297.64 on Jan. 16. But the unexpected headwind of a coronavirus epidemic in Wuhan has unsettled the stock market. The Dow Jones closed Monday over 450 points lower. That’s its fifth straight day of losses and its worst intra-day performance since October. The broader S&P 500 Index’s 52 point drop exactly matched the Dow’s 1.57% loss for the day. But the tech-heavy Nasdaq Composite fared worse with a 1.89% plunge of 175 points. CNN reports “stocks tanked on coronavirus fears.” The markets managing editor at Barron’s says…Jan 28, 2020
Democrats brought two impeachment charges against Donald Trump: abuse of power and obstruction of justice. But the best they’ve got is circumstantial evidence and demonstrably politically prejudiced expert “witnesses.” House Democrats have abused power for personal benefit as well. And if Joe Biden has too, Americans have a right to know. Democrats unveiled two impeachment charges against the president of the United States Tuesday. But the evidence is flimsy and the motivations are suspect. Here are five reasons why these charges are trumped up. 1. There’s no Trump-Ukraine quid pro quo. There’s no quid pro quo. Gordon Sondland, U.S. Ambassador to the European Union, testified to Congress that the president explicitly told him to make that clear to Ukrainian president Zelensky. The declassified transcript of Donald Trump’s phone conversation with Volodymyr Zelensky evidences no quid pro quo either. Sondland also concedes that it is merely his “guess” that aid was being withheld to Ukraine until they announced an investigation. 2. The Democrats’ evidence is all circumstantial. There’s no smoking gun in this case, just Democrats connecting the dots. Even their…Dec 15, 2019