Expert Saleh Stevens Discusses Hollywood and Cryptocurrency

The next hit movie in Hollywood may be funded with cryptocurrency through the blockchain. Christopher Woodrow has been helping in the financing and production of movies for well over ten years. He believes the newest technology known as blockchain is about to make a major splash in his industry. He has decided he is going to embrace this new phenomenon.

Christopher Woodrow is extremely well known in Hollywood due to Birdman, an excellent production that walked away with an Oscar. His fans were duly impressed with his skill and his distinctive style. His latest endeavor is the launching of MovieCoin. The film is being based on the blockchain, and production is expected to take place towards the beginning of 2018. Christopher Woodrow is essentially launching his very own token based entirely on the blockchain. Any coin offerings or funds raised due to the launch of the film will be used to finance a series of movies. Since the tokens will be traded in the market, there is expected to be numerous benefits for any potential investors. The value of the tokens may increase depending on how successful the films are with the audience.

According to Christopher Woodrow, he is trying to assist in how films receive financing, and he believes cryptocurrency can revolutionize the industry. During a recent telephone interview, Christopher Woodrow spoke of the direct correlation between Hollywood, and being able to obtain the highest levels of financial backing for films. He then directed his thoughts to the A-list movie stars, established and experienced producers, and top of the line directors currently being brought together for the film. This will be the foundation used to make MovieCoin.

The goal is to sell tokens with a $100 million value in compliance with the regulations of the Securities and Exchange Commission. Christopher Woodrow would not provide any of the names for the movies he is considering for the portfolio. He strongly believes the same cutting-edge technology used by investors such as ICO's can be just as successful with the venture capitalists involved in the film industry. He feels the financing of films can be democratized with blockchain technology.

Saleh Stevens is always current regarding the cryptocurrency market, and in 2017 $3 billion resulted from well over 200 initial coin offerings. As Prospect Point Capital's previous managing director, Christopher Woodrow uses deals in venture capital to place investments in the entertainment field. He has additionally served CIBC World Markets, Oppenheimer & Co., and Citigroup Inc. in both portfolio management and investment banking. There have been other attempts to combine the entertainment industry in Hollywood and blockchain including show business, and the recording and verification of transactions. There has been interest shown in decentralized video sharing with the use of tokens.

Bjork, the pop star, has agreed to accept cryptocurrencies including bitcoin as a type of payment for her current album. She is using a type of cryptocurrency called AudioCoins to reward artists and her fan base. In excess of $3 billion ICO's have been raised by startups which is more than the funding received from venture capital. Tokens are being issued despite the vitality risks that may either crash in a short period of time, or triple in their current value. There have been numerous warnings issued to investors regarding fraud by the SEC. Despite this, as the biggest and original cryptocurrency, Bitcoin has increased in value over 700 percent in the last year. Bitcoin has currently set a new record of nearly 8,000.

The fever associated with cryptocurrency in Hollywood is being compared to the 17th century Dutch tulip mania. In this instance the prices rose dramatically before finally crashing. Christopher Woodrow understands this analogy extremely well because the film Tulip Fever was produced by him. In spite of this irony, Christopher Woodrow believes the tokens have value due to their underlying assets. He feels this will provide protection against any potential crashes or staggering price fluctuations.

Bankex is the asset-based platform that will be used to issue the MovieCoin tokens. Christopher Woodrow understands the manner in which many tokens are issued is speculative. He know this could cause a bubble but believes the combination of MovieCoin and Bankex with decrease any risks involved.