{"id":387463,"date":"2021-12-30T06:26:28","date_gmt":"2021-12-30T03:26:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dao-aims-to-raise-5m-to-resurrect-blockbuster-video\/"},"modified":"2021-12-30T06:26:28","modified_gmt":"2021-12-30T03:26:28","slug":"dao-aims-to-raise-5m-to-resurrect-blockbuster-video","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dao-aims-to-raise-5m-to-resurrect-blockbuster-video\/","title":{"rendered":"# DAO aims to raise $5M to resurrect Blockbuster Video"},"content":{"rendered":"<p>&#8220;<strong># DAO aims to raise $5M to resurrect Blockbuster Video  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvOGQzNjA0MmUtZmRkZS00MjBhLTg5ZGItNGNlMWZkMjE5M2UzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>A new decentralized autonomous organization (DAO) has been formed with the goal of buying the Blockbuster brand from Dish Network and turning it into a film studio and streaming platform.<\/p>\n<p>Blockbuster Video is an American video rental company founded in 1985 which once had 6,000 stores globally and was valued at over $8 billion, before it shuttered almost all of its operations in 2014. It is currently owned by Dish Network and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/rise-and-fall-of-blockbuster?op=1#in-1994-viacom-bought-the-video-rental-company-for-84-billion-6\">operates<\/a> just one store in Bend, Oregon.<\/p>\n<p>The DAO interested in \u201cliberating\u201d Blockbuster from Dish Network is the aptly named BlockbusterDAO. The DAO explained in a Dec. 26 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BlockbusterDAO\/status\/1474960382800248834\">tweet<\/a> its plans on rallying a grassroots effort to buy Blockbuster by raising at least $5 million through a Blockbuster DAO NFT minting event. Each NFT will be valued at 0.13 ETH. <\/p>\n<p>BlockbusterDAO plans on turning Blockbuster into a decentralized film (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/@DeFilmX\/defilm-dao-for-film-production-1-5-5b2d50bc4f90\">DeFilm<\/a>) streaming studio. DeFilm is an experiment launched in July which proposes to \u201cactually make a movie with decision making h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening on a blockchain.\u201d \u2018Block\u2019 buster seems to be a fitting name for such a project.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Our mission is to liberate Blockbuster and form a DAO to collectively govern the brand as we turn Blockbuster into the first-ever DeFilm streaming platform and a mainstay of both the Web3 brands and products, but a powerhouse in the future of the film industry. Read the <\/p>\n<p>\u2014 BlockbusterDAO (,) (@BlockbusterDAO) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BlockbusterDAO\/status\/1474960373291749378?ref_src=twsrc%5Etfw\">December 26, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe DAO is currently composed of about 9,000 netizens on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> and a Discord server who deliberate over how the DAO can achieve its goals. <\/p>\n<p>The BlockbusterDAO appears to be tapping into the social media led desire to resurrect memestock brands such as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>stop and AMC, while following a similar path to that laid down by ConstitutionDAO (PEOPLE) just over a month ago. ConstitutionDAO aimed to buy an original copy of the Constitution of the United States of America from the Dorothy Tapper Goldman Foundation at auction.<\/p>\n<p>ConstitutionDAO ultimately failed to achieve its goal as hedge fund manager Kenneth Griffin paid a total of $43.2 million for the copy in the Sotheby\u2019s auction on Nov. 19. Following the auction, the DAO offered full refunds for anyone who donated. Those who did not take refunds kept their PEOPLE tokens.<\/p>\n<p><strong><em>Related:\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"\">ConstitutionDAO: PEOPLE price pumps 200% as new \u2018We The People\u2019 token unveiled<\/a><\/em><\/strong><\/p>\n<p>Just over a month later on Dec. 23, PEOPLE was listed on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/support\/announcement\/52a591aab2a44b969187a00a15ca812e\">Binance<\/a> where it currently trades for about $0.11.<\/p>\n<p>The ConstitutionDAO team has shown its support for the BlockbusterDAO efforts by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ConstitutionDAO\/status\/1475126343595610123\">tweeting<\/a> on Dec. 27:<\/p>\n<blockquote><p>\u201cPLEASE bring back blockbuster, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/netflix\">@netflix<\/a> has gone unchecked for far too long.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/dao-aims-to-raise-5m-to-resurrect-blockbuster-video\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# DAO aims to raise $5M to resurrect Blockbuster Video &#8221; A new decentralized autonomous organization (DAO) has been formed with the goal of buying the Blockbuster brand from Dish Network and turning it into a film studio and streaming platform. Blockbuster Video is an American video rental company founded in 1985 which once had&#8230;<\/p>\n","protected":false},"author":1,"featured_media":387464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvOGQzNjA0MmUtZmRkZS00MjBhLTg5ZGItNGNlMWZkMjE5M2UzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75186],"class_list":["post-387463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-dao"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/387463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=387463"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/387463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/387464"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=387463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=387463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=387463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}