Blockchain Disruption Reaches Hollywood amid Startup’s $100M Funding

Proxicoin is a way for the ordinary blockchain investor to get a piece of Hollywood’s action. It announced that it’s gotten a $100 million injection from a Hong Kong fund. Central Wealth Fund’s David Lee said his people are “impressed” with the blockchain platform, which decentralizes funding for Hollywood movies. Other investors including Coinbase are already on board.

The English-centric film market will be worth more than a trillion dollars within our lifetime. Most investors would be happy to invest in a quality film project, but access is hard.

Proxicoin’s purpose is to connect investors and filmmakers looking for funding. Gaining access to real studios and executives looking for funding is a difficult prospect unless you have the right connections.

Reference: https://www.ccn.com/blockchain-disruption-hollywood-100m-funding

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