The Nollytainment project is a revolutionary peer-to-peer network for sharing and registering content in the movie industry of third world countries. The initial focus of this project will be the African movie sector.
The distributed ledger will power this entire system. With the help of the blockchain, publication and distribution of movies will be possible, with the Nollycoin being used as the currency of exchange on the platform.
With the help of this project, movie producers will be able to license their content as coded content on the blockchain. This will be made possible with the help of smart contract technology. These contracts run autonomously, and they are able to collect and distribute royalty payments while ensuring the movie producers and makers of creative content remain in control of their content.
Benefits For The Consumers
For consumers, they will be able to gain access to a global catalog of movies that will be stored on the blockchain. Besides that, they will be able to pay owners of the content directly with the use of digital currency. The platform will come with various tools that make it possible to use it with ease.
These tools will be designed for both the consumers and owners of the movies. The system will also come with an open protocol that will make it possible for third parties to build a rich ecosystem of services and software.
The Three Objectives of Nollycoin
The Nollycoin project has three main objectives, which are:
To Create A Content Platform Powered By The Blockchain
On this platform, creative artists will be able to list their content under a smart contract, which will have a compensation mechanism hard-wired into it. Content producers will be able to receive compensation without having to involve a third party. Buyers will also be able to make direct payments for movies with just one click.
Acquire Various Blockbuster Films For The Platform
Besides raising funds to create this content distribution platform, they also intend to use some of the funds to acquire rights to various blockbusters. This way, they will be able to attract users to the platform, who can then purchase content from content producers who register their content here.
Ensure The Tokens Have Tangible Utility
Those who support this project will have the opportunity to use their tokens for more than just holding and trading. The tokens will also be used to access movies on the platform. Later on, it will even be possible to use these tokens at various select movie theaters.
Why You Should Back This Project
Those behind this project have experience in various industries. They have worked in helping to bring various projects to life in the entertainment sector, stock trading, the business world, and much more. Besides that, they have a solid team of experts in the digital currency sector and web development sector.
The NollyCoin ICO Sale
The pre-sale will take place in March. The main sale will then follow soon after in the month of April 2018. The project has a hard cap of 6000 ETH and a soft cap of 2000 ETH.