LCX In Partnership With Blade Star Wesley Snipes Announces $25 Million Tokenized Movie Fund

Dr, Wesley Snipes, who is a renowned Hollywood actor, has partnered with Liechtenstein Crypto assets Exchange in tokenizing a movie fund. The news was aired on September 9 by Cointelegraph.

Tokenized Movie Fund

LCX has also announced that they will invest in upcoming TV shows that are produced by Wesley and his studio Maandi House. It is indeed the first time that LCX has enabled movie enthusiasts to support Hollywood producers and icons.

The ultimate goal is to have a fully tokenized and improved security through the LCX’s platform and of course, the blockchain infrastructure for Liechtenstein. This security token will, therefore, reduce the barriers to entry, thereby allowing a bigger audience of retail and institutional investors to grab the opportunity.

The tokenized fund is expected to be managed by a committee that comprises of DR. Snipes and other professional fund managers. It will be used to stipulate production budgets to productions from future motion pictures and other Hollywood producers. The blockchain technology from LCX’s platform will take care of the identification and registration of investors.

The platform will also be the central hub for the security fund. This token is going to benefit investors from the profits of productions. They will also get additional benefits such as invites to movie premiere events. Some of the profits will be plowed back to the token to ensure sustainability and long-term goals.

Silver Screen Meets Cryptocurrency

Dr. Wesley has joined the few celebrities who utilized cryptocurrency as a way to produce their films. Johnny Depp, a movie director, actor, and producer partnered with TaTaTu which is a crypto-powered entertainment platform in the production of his movies and content.

About Wesley Snipes

Wesley is a film producer, an author, an American actor, and a master martial artist. He is famously known because of the Blade film trilogy where he played like a Marvel comic character Blade. He also featured in films such as White Men Can’t Jump, Demolition Man, Passenger 57, and Major League.

Snipes has also featured in the Dolemite Is My Name movie by Eddie Murphy, and they will soon have a project together in Coming To America.

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Daniel W
Daniel W
Daniel Wambugu writes daily cryptocurrency and blockchain related articles BitcoinExchangeGuide. His articles have appeared in numerous blogs, media publications, and community forums. He prides himself on once being a beginner and uses his experience to deliver high-quality insightful content for our dear readers. With a knack for reviewing ICOs or researching news, Daniel plans to continue being a top contributor for many years to come.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

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