Cryptocurrency is entering into the Film industry. Recently Fintage House has made a deal with blockchain based social platform TaTaTu. After this deal, the firm has begun to accept cryptocurrency.
According to Variety, The film publishing rights company is established in 1986 and its services are publishing rights, music rights and other licenses related to the film industry. So for such rights transactions, they want to start accepting cryptocurrency.
In order to make this work, they have partnered with TaTaTu. The social platform TaTaTu accepts TTU tokens. And the platform is actually made for content creators. Using this the people will be able to pay content creators.
Niels Teves, co-CEO of Fintage House, said:
“We welcome the innovative spirit of the TaTaTa platform and wish success with the implementation. Soon we expect to start drafting the first agreements where we shall be accounting and paying out in TTU Tokens, whereby through the appropriate platforms the tokens could be exchanged in fiat currency.”
TaTaTu has completed its $575 million Initial Coin Offering (ICO). And the ICO was found to be one of the largest in 2018 by One Alpha, a crypto analytics firm.
Also, Recently TaTaTu has partnered with American actor Johnny Depp. It is known that Johnny Depp and TaTaTu founder both are going to start to produce films.
This gives a good news for the crypto and film enthusiasts. because this determines that it’s not too late for cryptocurrency to enter Hollywood.