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DAO Forms to 'Liberate Blockbuster' and Build Decentralized Streaming Service
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A new decentralized autonomous organization (DAO) dubbed BlockbusterDAO has been formed to raise USD 5m and acquire the defunct movie rental business Blockbuster.
"Our mission is to liberate Blockbuster and form a DAO to collectively govern the brand as we turn Blockbuster into the first-ever DeFilm streaming platform and a mainstay of both the Web3 brands and products, but a powerhouse in the future of the film industry," the project said.
The DAO, which is apparently less than two days old, aims to purchase the brand from its current owner Dish Network, which had bought it back in 2011 for USD 320m, and turn it into a decentralized film streaming service.
"It’s time to build a massive DeFilm project that will revolutionize the creative
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