Do you love movies? The cinema is something that has been in our lives for a long time, but did you know that independent cinema is very hard to create? Companies struggle to find the right way to get funded, so some of them have turned to the blockchain technology. Today we will review a company which is all about funding for independent movies: FutureWorks.
What is FutureWorks FTW?
FutureWorks FTW is a company created by the Dream Comet Studios to help in the funding of the independent cinema. While many companies used to use products for the funding of independent movies, the creator of FutureWorks, Anthony Daniel, had a novel idea: to use the most exciting technology right now: cryptocurrency.
The independent movie industry is struggling and, because of this, this company has decided to think about other forms of funding and FutureWorks was born. Even normal crowdfunding sites have failed filmmakers because they take high fees, are expensive to market and sometimes do not even give the money if the quantity that the filmmakers want is not fully reached.
Not only that, but there are many middlemen in the middle of the process, so Anthony Daniel and the Dream Comet Studios decided to cut all this process and talk directly with its supporters by creating its own cryptocurrency and giving it to the people who support the company.
The FutureWorks is a new blockchain inside the Ethereum blockchain which is ERC20-based and can be stored in any wallet that supports Ethereum. The idea is to really reward the people who are donating to the Dream Comet Studios. T-shirts might be nice, but the company is really concerned about donating something that people will really use and that it will be valuable to them.
How Does FutureWorks Work?
Basically, the idea is that you will make a donation and receive tokens. It is just like buying cryptocurrency in an Initial Coin Offering (ICO), really, except with the difference that there are fewer regulations and processes involved in it.
The company that you would be supporting is Dream Comet Studios, which has released two feature films that were digitally released so far. The value of the token will increase with the success of the company so you will really be paid for your support.
The tokens are ERC20-based and they have all the security of the Ethereum blockchain, so you do not have to worry about that.
How to Invest in FutureWorks?
To invest in FutureWorks, or rather, donate to it, you have to acquire its FTW tokens. This sale will not be like normal ICOs. You will be able to buy tokens during the whole year. The sale has already started and you will be able to acquire them until December 2018.
You can use ETH to buy the tokens and their price will be 99,108 FTW per 1 ETH. The max supply of tokens is 1,000,000,000 FTW tokens. The FTW tokens will also be listed on many cryptocurrency exchanges in the future, so you might buy them there, but they will cost more, so it might not be a good idea to wait for this.
The FutureWorks FTW Verdict
Is this company a good investment for you? Maybe, but you have to mind that this is not so much an investment as it is a donation. You will really be donating your money to the company and then you will be rewarded with the FTW tokens because of this.
There is a sensible difference between donating and receiving and buying. It is, certainly, a less commercial relation. Because of this, if you really to profit, there are many other investments that you could be making right now, but if you are interested in helping this company to find funding and receiving money back, then it can be a really great idea to acquire FutureWorks tokens.
In the end, it is up to you to decide whether you think this company deserves your investment or not. You can always get to know Dream Comet Studios more, if you do not, to know if this will be the kind of investment that will suit you.