FilmpassThe startup that has made his mark with his film theater subscription service is always known to shake things, and its latest venture is no exception.
The company announced beta launch on Thursday MongoliA new daily fantasy entertainment platform is specially designed for the Hollywood industry.
To understand what Mogul is, it is important to understand the concept of first daily fantasy games. This subscriber of fantasy games allows players to compete at a short term instead of the entire season. Players assume the role of team managers, form their dream teams made of real -world athletes and earn marks based on those athletes.
Mogul takes this idea by allowing users who are likely to act as studios in the film industry to act as studio heads. Players are provided with a budget and “studio credit” (in-game currency) to spend on selecting actors for their league.
Users can update their lineups of movie actors each day. They then participate in fantasy-style tournaments that last for about a week, as well as one-on-one competitions and single challenges. Participants call the results of various things, such as audience voting, critic ratings and potential prize winners.
As users’ levels, they collect digital – think -like posters and memorable – which help them climb on the leaderboard.
Mogul Mogul has been developed by Miston Labs on a layer 1 blockchain and smart contract platforms. Beta examiners will receive a digital wallet to securely store their in-game virtual currency, prizes and collectable items.
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The moviepass is taking a bold jump with the introduction of Mogul, as it has been actually done before. But Spikes believes that it is a huge market that is waiting to tap. He said, “People can name more actors, as they may probably name sports athletes. So I think there is a really big market opportunity there.”
Initially, when we first learned about Mogul, we did not guess that it would stop, not at least in the early stages. We were surprised whether there are many film fans to compete with others about box office trends or ratings.
However, we may underestimate its appeal. The company claims that more than 400,000 people have already signed up for the early waiting list. It remains to be seen whether it may maintain this level leading to the official launch, but it may be popular among the followers of the top film industry.
During our initial conversation with Spikes, he deployed Mogul as a future market platform. Later, we were told that a more fitting detail Mogul would be classified as a daily fantasy game platform, but it may develop to include this functionality in the future. For now, however, Mogul is particularly operated with virtual posture.
This difference is important, especially given the regulated nature of daily fantasy games, unlike the prediction market platforms, which currently exist in a legal gray field. For example, Kalshi state has been in a legal battle with gambling regulators.
Spikes said, “It is Merky what it needs to be approved. There are different types of clearances that you want in the US to go to the state by the state. It is truly like a Chinese puzzle with goods everywhere,” Spikes said.
Mogul represents the initial stage of the long -term web 3 strategy of the moviepass. The company has previously revealed its intention of providing an on-chain award to participate in films. It is supported by Animoka brands, an enterprise capital firm specialized in blockchain technology.
Last year, moviepass Participated with needle To allow customers to pay using USD coin.
