Crypto Gains Significant Exposure as Jim Parsons Debuts on The Simpsons to Introduce the 'Cash of the Future'

The latest episode of The Simpsons featured Jim Parsons, known for his role as Sheldon Cooper in the television show, The Big Bang Theory, as an animated guest star who explains the concept of cryptocurrencies and blockchain to Lisa, one of The Simpsons characters. The episode, “Frinkcoin” was the thirteenth episode in its 31st season in the show, as Professor Frink introduces cryptocurrency to Lisa.

The animated consensus of shared and synchronized digital data animation walks and dances to a song explaining how distributed ledger technology works. The animated ledger sang, “Each day I’m closer, to being the cash of the future. Not in your wallet, I’m in your computer.”

The animated Jim Parsons joined The Simpsons cast for this episode and explained how digital assets operate, as well as outlining the potential benefits of cryptocurrencies–the digitalization. Referring to the pseudonymous creator of Bitcoin, Satoshi Nakamoto, the subliminal message on the screen read, “We know who Satoshi is, but we’re not telling.”

The Simpsons has been regarded as one of the longest-running television shows in the world, airing since 1989. The online crypto community has welcomed the episode, and members have been discussing the topic on social media. With steady high ratings, twitter users have pointed out that the show has a reputation for predicting the future over the years. The Simpsons predicted ten years ago that Donald Trump would become the president of the United States. A recent article also showed 18 examples of the Simpsons accurately predicting the future. 

Harvard Blockchain Lab Applauds Fight to Fame Model for True Realization of Decentralized Ecosystem

Fight to Fame, a blockchain-based entertainment platform has been praised by the Harvard Blockchain Lab for consistently presenting decentralized events, online malls, movies, and action star reality shows. According to the release shared with Blockchain.news, it uses a BMS business model in the production of action movies, and fans are empowered by the FF Token when voting and making purchases.

Notable strides in the crypto space

By granting the fans using the platform with FF tokens, they can bet on preferred players, exchange derivatives, and buy tickets, and this offers an ideal way of crypto application. As a result, these tokens are circulated across the globe enabling users to create a consensus among themselves.

Rain Huan, a renowned cryptocurrency expert, noted, “Fight to Fame BMS conducts decentralized events, action star reality shows, movies, online malls with blockchain technology in the countries that support cryptocurrencies around the world, with FF tokens to purchase tickets, exchange derivatives, and bet on players, which truly realizes the application scenario of cryptocurrency.”

The Harvard Blockchain Lab asserted that numerous blockchain ventures have not stood the test of time in the entertainment industry. It, therefore, saw it fit to compliment Fight to Fame for stabilizing its token across the board. 

Innovative blockchain 4.0 technology

The BMS business model utilized by the platform exclusively employs blockchain 4.0 technology’s decentralized voting mechanism, and this prompts technical commands. 

According to Harvard’s Blockchain Lab, “The scope for the potential impact of cryptocurrency on entertainment industries like gaming and television streaming services is nothing short of exciting (to say the least), and it is always thrilling to see companies coming to the call and realizing that there are companies who are willing and able to rise to the challenge.”

The use of FF tokens is proving to be a game-changer in the entertainment sector. Recently, the International Chamber of Commerce (ICC) established a blockchain-enabled app to provide individuals’ immutable COVID-19 compliance conditions.

Image via Fight to Fame

Top Brazilian Crypto Exchange Mercado Bitcoin Adopts Sports Token Chiliz

Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has announced its plans to add sports token Chiliz ($CHZ) to its existing list of digital assets.  

This is big news for the developing blockchain fintech company specialized in sports and entertainment Chiliz, as Mercado consists of the largest digital asset trading platform in Latin America. 

With $CHZ being accessible on the largest cryptocurrency exchange in Latin America, the fan token may significantly increase in popularity, as Mercado Bitcoin currently has more than 1.9 million registered users on its platform. 

Introducing Chiliz

Chiliz is a sports blockchain platform focused on sports and entertainment, that developed Socios.com as an app that could be used for sports trading purposes. Socios.com encourages fans to vote in club polls and earn digital assets as rewards for their efforts. The payout is in $CHZ and is also known as “Fan Tokens”. Chiliz utilizes $CHZ as the sole on-platform currency and runs on a personalized blockchain infrastructure.  

The sports-focused digital trading platform has previously extended its entertainment services and partnered with renowned “big names” in the sports industry, notably FC Barcelona, Juventus and Paris Saint-Germain, among others.  Not only are their $CHZ tokens used in soccer-related sports entertainment, but in May, Chiliz has also partnered with UFC. 

Tokenization in the Sports Industry 

The sports industry appears to be also slowly making their way towards globalizing tokenization, with FC Barcelona launching their own Fan Token, $BAR, earlier in June 2020.  This move generated $1.3M in sales revenue in less than 2 hours. Enthusiastic about the record sales time of fan tokens, CEO and Founder of Chiliz Alexandre Dreyfus took to his Twitter account and wrote that the token flash sale was a success, with fans and crypto enthusiasts from 106 countries buying the Fan Tokens. 

Chiliz CEO Alexandre Dreyfus Likes Mercado  

He also tweeted about his recent partnership with Mercado Bitcoin, saying that Chiliz is the first ‘altcoin’ or proper utility token to be listed on the leading Brazilian crypto exchange. He is enthusiastic about the fact that Mercado Bitcoin has a nearly 2M user base and thinks that the partnership with them will consolidate his strategy to expand his crypto company growth to Latin America and Brazilian teams.

Chinese Province Eyes Blockchain-Powered Points Reward System to Boost Tourism

Hainan, a southern island province of China, is keeping a watchful eye on a blockchain-enabled points reward program aimed at promoting tourism in the region. The system is to be devised to allow consumption points founded on blockchain technology to be exchanged between different businesses in the cultural and entertainment fields.

Realization of the “One-chain Tour Hainan”

The blockchain-based consumption points are expected to assist enterprises in all tourism sectors to attain service interaction, marketing co-promotion, user sharing, and integrate the “Credit Tour Hainan” brand. This approach is touted to be a stepping stone towards achieving the “One-chain Tour Hainan.”

Song Yijian, the head of chain ++ blockchain digital platform, noted:

“With the support of the blockchain policy, we will give full play to the advantages of blockchain financial innovation to empower Hainan to eat, live, travel, travel, entertain, and purchase, and lead the general public to experience the achievements of the Hainan Free Trade Port.”

Previously, the Hainan Free Trade Zone was constructed to propel the development of the province’s blockchain technology and industrial innovation.

Hainan Getting back on its Feet

Hainan intends to utilize the blockchain-based system to get back on track in the tourism sector following disrupted travel triggered by the coronavirus (COVID-19) pandemic.

As per the announcement:

“Hainan Province’s Several Policies and Measures on Accelerating the Development of the Blockchain Industry  will steadily promote the construction of Hainan tourism consumption points based on blockchain technology, and realize public transportation, hotel accommodation, catering and shopping, tourist attractions.”

China is continuously making headways in the blockchain and digital asset arena. For instance, as a way to enhance the adoption and continue to test its digital currency dubbed the Digital Currency Electronic Payment (DCEP), China’s central bank, the People’s Bank of China (PBOC), recently teamed up with Shenzhen city to distribute coins worth 10 million yuan, approximately $1.5 million to residents. 

Hong Kong-listed Entertainment Firm HMVOD to Accept Bitcoin for Membership Subscriptions in October

In Hong Kong, a listed online entertainment platform, HMVOD, will accept Bitcoin to pay for membership subscriptions in October.

HMVOD Limited (Stock code: 8103.HK) released a voluntary announcement on Hong Kong Exchange platform Tuesday night of local time, saying that customers can pay their monthly membership fees in Bitcoin starting from early October.

In the statement, HMVOD said the company is committed to adopting different payment platforms, including cryptocurrencies, to “become a trendsetter in the entertainment technology boom.”

According to the official webpage, HMVOD Limited is an investment holding company principally engaged in the OTT (Over-the-top media services) Internet entertainment video service system and the development business. The company offers a monthly subscription plan for the end-users to enjoy nearly 10,000 program hours of online entertainment, including local and international movies.

Despite Hong Kong finance regulators intends to restrict the crypto trading activities to professional investors and try to strengthen related compliance, a study has named Hong Kong as one of the most crypto-friendly regions worldwide, to enjoy the highest concentration crypto ATMs worldwide.

Bitcoin is a cryptocurrency based on decentralization, peer-to-peer (P2P) networking and stigmergy, with its codes released as open-source and with blockchain as its underlying technology.

In addition, more entertainment platform is diversified their revenue sources by embracing cryptocurrencies. AMC Entertainment, the leading American movie chain, announced Monday, August 9, to accept Bitcoin for buying cinema tickets. 

Bored Ape Yacht Club Enters the Movie Scene, Pairing with Coinbase

Seen as the face of the non-fungible token (NFT) market, the Bored Ape Yacht Club (BAYC) has entered the silver screen based on a series of animated short films called “The Degen Trilogy.”

Bored Apes will serve as characters in the film to be hosted by the new media arm at Coinbase. The crypto exchange is expanding its scope by testing the field of film production. 

The first three episodes of the series will be aired at an NFT industry event called NFT.NYC is slated for June.  

For consideration in the series, Bored Ape owners have been asked to submit their apes together with character descriptions to be scrutinized by a Hollywood casting director.

William Swann, the marketing director at Coinbase, noted:

“You can think of this as a love letter to the NFT tech that has provided so much creative liberation for artists. We really look at (Bored Apes) as sort of our North Star in the NFT space. They’ve created such a massive and engaging community.”

Upon release, the Coinbase website will serve as the gateway to accessing the films because viewers will be required to create a Coinbase wallet. 

The series will also tie in with the launch of Coinbase’s NFT marketplace, according to Swann. 

He added that the Bored Apes would not be the only NFTs aired on the big screen because Mutant Apes by Yuga Labs, the blockchain startup behind the Bored Ape Yacht Club, would get similar treatment.

Nicole Muniz, Yuga Labs CEO, stated:

“We’re seeing how NFTs are evolving to be vehicles of access and participation in networks, games, merchandise and now interactive entertainment. This is a breakthrough project and we’re excited to see how this shapes the future of Web 3 for all communities.”

Meanwhile, Yuga Labs raised funds worth $450 million in March. As a result, the funds effectively placed the blockchain startup at a $4 billion valuation. The team aimed to inject the funds into building a media empire that would predominantly feature NFTs.

This fundraising came days after Yuga Labs unveiled a metaverse project dubbed the “Otherside”. The teaser featured an animated Bored Ape NFT smoking Tobacco in what appeared to be a metaverse-themed world.

The Bored Ape made connections with other Yuga Labs-backed NFT collections housed in what looked like a spaceship. 

“Warriors of Future” Set to Debut as Asia’s First NFT Blockbuster Movie

Warriors of Future, a multi-million-dollar Hong Kong sci-fi action movie by One Cool Group, seeks to be the first Asian blockbuster film to feature a non-fungible token (NFT) collection. 

The NFT collection will have 10,000 unique 3D avatars comprising four types of soldiers and is expected to be minted on August 6. It will also be powered on the Ethereum (ETH) blockchain

Warriors of Future will adopt an innovative interchangeable mechanism in the NFT collection, allowing users to interchange traits within the NFTs they hold. 

The interchangeable parts include the background, helmet, arms, armour body, and weapon. The report noted:

“These interchangeable elements will be reflected in real-time in the NFT marketplace. The holder will also be able to use their NFT in action as an avatar in the upcoming Warriors of Future mobile game.”

The Warriors of Future is a film set in the future, whereby the Earth is devoid of life because of pollution and climate change. Nevertheless, a meteorite brings extraterrestrial life to the planet. The movie is expected to be theatrically released in Asia this year, having taken six years to produce.

Ella Wong, the Chief Financial Officer of One Coo Group, pointed out:

“We are so excited to unlock the limitless potential of the entertainment industry powered by blockchain for our next-gen users. Our upcoming film titled Warriors of Future serves as a pioneer in such a collaboration, which allows us to explore more possibilities in the future.”

“We look forward to connecting the best of the entertainment industry in ways and experiences that were not possible before,” he added.

Through the partnership between One Cool Group and Gusto Collective, Warriors of Future NFT seeks to be the first series of a long-term Web3 and entertainment IPs’ integration projects.

Aaron Lau, the founder and CEO of Gusto Collective, stated:

“Web3 is the future of entertainment. It’s a game-changer with a vision for a more open, decentralized, and secure internet, enabled by advances in technologies like blockchain and machine learning. The emerging concept of ownership of digital assets has immense potential.”

Meanwhile, the Abu Dhabi Global Market (ADGM) revealed plans to offer licensed exchanges the chance to trade NFTs earlier this year.

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