How Tokenization Is Transforming Film Financing, Wesley Snipes’ Fund

How Tokenization Is Transforming Film Financing, Wesley Snipes’ Fund
imageCryptocurrency News3 hours ago (Sep 22, 2019 10:21AM ET)

How Tokenization Is Transforming Film Financing, Wesley Snipes’ Fund

As the world of finance continues adapting to contemporary innovations, it almost cannot help but drag other industries along for the ride — willingly or otherwise. Film is one such sector currently undergoing a quiet revolt, concocting a radical subversion to traditional models of financing. This is partly due to the emergence of distributed technologies such as blockchain, and it has led to a new concept: the tokenization of everything.

In its purest form, tokenization is the act of adding liquidity to real-world assets. A good — if not exact — comparison is depicted in stocks and shares, which represent fractional ownership in a company. Tokenization is relatively analogous to these types of equity investments, taking the conventional model, expanding upon it, and placing it on-chain. In theory, anything can be tokenized — and according to some, everything soon will be tokenized.

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How Tokenization Is Transforming Film Financing, Wesley Snipes’ Fund

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