• The article discusses the increasing use of blockchain technology in the leisure and entertainment sector, with applications ranging from poker to pharma.
• 90% of US and European companies in the entertainment space are now assessing their blockchain options to streamline TV and media production as well as double down on crypto poker.
• Investors like Parkpine Capital are investing heavily in entertainment-based crypto startups, suggesting that blockchain is set to revolutionize the movie and entertainment industry.
Blockchain Use Cases Take Off in Leisure and Entertainment Sector
For the past decade, spectators in the finance and tech markets have looked at crypto and blockchain, asking if and when it is going to enter the mainstream. Now, with every passing week, new use cases for blockchain are reported in the crypto and business media.
Entertainment Companies Evaluating Blockchain Options
A recent report by Forbes showed that 90 percent of US and European companies in the entertainment space are “assessing their blockchain options” for streamlining TV and media production as well as doubling down on crypto poker.
Parkpine Capital Investing Heavily In Crypto Startups
Investors like Parkpine Capital are investing heavily in entertainment-based crypto startups. Founder Ahmed Shabana recently remarked that thanks to crypto, “the movie and entertainment industry is poised to reinvent its business functions.”
Benefits Of Blockchain Technology On Production Processes
During the production process, it can be highly challenging to deal with cast and crew members scattered in different locations around the world. Blockchain can eliminate this red tape that hampers many large projects.
Revolutionizing Movie And Entertainment Industry With Crypto
Crypto has already become a mainstream payment method for casinos due to its ability to quickly solve certain issues such as digitalization blurring processes or online distribution making it harder to control monetization.