MovieBloc (MBL) crypto: A content distribution platform like no other

Highlights

• MBL crypto is a decentralised movie and content distribution platform, which aims to bring transparency and decentralisation to the film industry. 

• According to its whitepaper, MovieBloc aims to give a facelift to the movie and films industry.

• Ranked 328 as per the market cap, the MLB crypto was trading at US$0.008623 with a trading volume of US$272,237,541 over a day. 

With the increased crypto adoption today, leading content creators are looking to harness the uniqueness of the blockchain to find new ways to monetise their intellectual properties. This is a pathbreaking program as most leading content generators now turning to blockchain platforms to distribute content to not only drive value but also reach out to a larger audience.

MovieBloc (MBL) Crypto In The Limelight||All You Need To Know About MBL Crypto

One such platform, which is looking to break the barriers to the movie industry is Moviebloc (MBL). MBL crypto is a decentralised movie and content distribution platform, which aims to bring transparency and decentralisation to the film industry. Operated on the Ontology blockchain, the MBL crypto aims to remove the barriers such as biased screen allocation, businesses only concerned about generating revenues than gaining an audience.

Also read: Why is the UMA crypto rallying today?

MovieBloc, according to its whitepaper, aims to give a facelift to the movie and films industry by focussing on the participant-centric film ecosystem along with an emphasis on providing an equal revenue share, screening opportunity, etc. Co-founded by Chris Kang, Jeffrey Jin, and Peter Kim, the crypto is primarily driven by the Korean video streaming platform Pandora.tv.

On 7 March, the token has been witnessing a healthy rally of over 25% with a significant volume gain of over 1,200%.

Why is MBL crypto rallying?

MovieBloc crypto has been witnessing a good year so far. The token has already gained over 12.6% in the last one month and its performance has improved over the past week or so when it has gained over 25.7%, as per CoinGecko.

The exact reason for the rally is still unknown, but the project has been gaining traction with the recent turn of events. Earlier this month on 2 March, it signed a partnership deal with Continuance Pictures. Continuance Pictures is one of the emerging Australian film production companies and this partnership will open the market for the firm on the MovieBloc platform.

MovieBloc ecosystem allows the users to primarily use MBL crypto to not only promote their movie but also offer voting rights to its users. The users can contribute, hire, trade, and engage with one another and they can also use it to participate in various film festivals.

Also read: UMA, Waves, Terra, THORCHain, Anchor: Top performing crypto this week

How is MLB crypto faring?

Ranked 328 as per its market cap, the MLB crypto was trading at US$0.008623 with a trading volume of US$272,237,541 over a day. The MLB crypto was up by 27.54% with a fully diluted market cap of US $104,721,798 and 13,527,667,870 MBL coins in circulation.

The MLB token is available leading crypto exchanges such as Binance, Upbit, Bithumb, etc., and has been pretty aggressive in its promotion over the past year.

With cryptocurrencies entering various industries and sectors, the MLB crypto could well be a gamechanger in the way movie content is being distributed. The recent rally is heartening to see, but market participants should also keep in mind that cryptocurrencies are volatile assets, therefore, one needs to be wary and do their market research before making any decisions.

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