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A DAO investor group wants to buy Blockbuster and revive it as a decentralized movie-streaming service
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A group of investors wants to unleash Blockbuster's potential in the next iteration of the internet by purchasing and rebooting the movie-rental company as a decentralized streaming service.
The investors, via a decentralized autonomous organization (DAO), are aiming to raise at least $5 million to purchase the «nostalgic» and «historic» company. Such a move would follow last month's high-profile attempt by another DAO to purchase an original copy of the US Constitution.
«It's time to liberate the brand from purgatory and give it a new lease on life. A brand of the people should be owned by the people and governed by the people. Even the name, Blockbuster, lends itself to becoming a Web3 product,» wrote BlockbusterDAO in a
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