MoviePass explores a daily fantasy platform for film buffs

Movie passageWho,, Startup who scored his trace With a cinema subscription service, he was always known for shaking things, and his latest venture is no exception.

The company posted Beta launch on Thursday The powerfulThe new daily platform for fantasy parties designed especially for the Hollywood industry.

To understand what Mogul is, it is important to first understand the concept of daily fantasy sports. This subcategory of fantasy sports allows players to compete over short -term periods, not all season. Players take on the role of team manager, creating their own dream teams that make athletes in the real world and make points based on the way those athletes perform in real games.

Mogol takes this idea by allowing users, who are probably passionate film lovers interested in such things, to act as chiefs of study in the film industry. Players are a secured budget and a “study loan” (currency in the game) spent on the selection of actors for their league.

Users can update their film actors on a daily basis. They then participate in fantasy style tournaments that last about a week, plus competition one -on -one and solo challenges. Participants invite the results of different things, such as the response of the audience, critics and potential awards winners.

As users are increasing, they earn digital collecting objects – think of signing posters and memorabilia – who help them climb on the board.

The mogul was built on Sui, a blockchain layer 1 platform and a smart contract developed by Mysten Labs. Beta testers will receive a digital wallet for the safe storage of their virtual currency, awards and collecting in the game.

Moviepass is a brave jump with the introduction of Mogul, as has never been done before. But Spikes believes it is a huge market that is waiting to be eavesdropped. He said, “People can name more actors than they can probably name sports athletes. So, I think it’s a really big market opportunity there.”

Initially, when we first learned of the mogul, we did not predict that it would be removed, at least not in the early stages. We wondered if there were many films fans who were ready to compete with others about trends or grades at the box office.

However, we may have underestimated his appeal. The company claims that more than 400,000 people have already applied for a waiting list on an early approach. It remains to be seen whether this level of interest that leads to official launch can be held, but it could become popular with the followers of the niche film industry.

During our initial conversation with Spikes, he positioned Mogul as a platform for a predictive market. Later, we were told that a more appropriate description would be to classify Mogul as a daily fantasy sports platform, but it can develop and include this functionality in the future. For now, however, Mogul has been operating solely with a virtual currency.

This difference is important, especially given the regulated nature of daily fantasy sports, unlike the prediction platforms, which currently exist in a legal gray area. KalshiFor example, he was in constant legal battles with state gambling regulators.

“It’s cloudy what needs to be approved. There are different types of approval, depending on the markets you want in the US, you have to state the state. It’s literally like a Chinese puzzle with things on all sides,” Spikes said.

Mogul represents the initial phase of the long -term Web3 Moviepass strategy. The company has previously discovered His intention to provide rewards for attending films. He is also supported by Animica Brands, a risk capital company specializing in blockchain technology.

Last year, Moviepass In partnership with sui In order to allow subscribers to pay with USD.