Actors Crowdfund Crypto For Their Films

Actors with a following are starting to cash in on their fame by producing their own films.

And some are crowdfunding using cryptocurrency to fund them.

Take, for example, action actor Wesley Snipes, the star of the Marvel Blade series, who has linked up with the Liechtenstein Cryptoassets Exchange to tokenize a $25 million movie fund .

blade

The fund will co-invest ONLY in Wesley Snipes movies and television programs.

LCX plans to launch a regulatorily compliant (with Liechtenstein laws) security token offering (STO), rather than the now-passe Initial Coin Offering, and investors will get “access to a portfolio of productions including the whole value chain, from the actual movie to games, merchandise and intellectual property rights.”

The supposed benefit of an STO over an ICO is that the STO, according to CoinTelegraph dot com, “symbolize more tangible assets, such as shares in a company or even equity in real estate.”

(Not exactly sure of the meaning of “symbolize”?).

https://cointelegraph.com/news/how-tokenization-is-transforming-film-financing-wesley-snipes-fund

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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