Nollycoin is the new cryptocurrency that powers a new Peer-To-Peer decentralized ledger system for the publication, distribution and consumption of movies and other creative works.
Nollycoin allows movie producers and their creative collaborators to license their content as a “coded contract” directly to a decentralized database. These smart contracts automate the collection and distribution of royalty payments, and remain in the control of the movie producers and creative artists themselves, with no 3rd party intervention.
By providing a distributed and highly transparent decentralized platform that connects creative artistes and consumers in the movie production value chain, Nollytainment is laying the groundwork for a new era in the Movie ecosystem in a way that is sustainable, borderless, and fair to all stakeholders.
Here are 7 Major ways Nollycoin is set to disrupt the Movie industry:
#1. With the Nollycoin powered Platform, Creative Artistes can now list their content under blockchain-enabled smart-contracts that will recognize and implement the agreed-upon compensation structure for all collaborators in the movie production process, without need for 3rd party intervention.
#2. Consumers can now access a global catalog of movies stored on a peer-to-peer network, and pay owners directly using digital currency.
#3. Content creators in the movie production chain will now have a decentralized open ledger system to keep records of their copyrights in a permanent public record that cannot be altered.
#4. Nollycoin represents a new uniform means of exchange for Movies and creative content that transcends geographical and local currency exchange limitations. One coin rule all movies.
#5. With Nollycoin, Movie buyers can now make direct micro payments to content owners from anywhere in the world, eliminating agents and intermediaries that previously made such micro payments very expensive for everyone.
#6. Top Producers and Directors in 3rd world countries and beyond will receive financial backing for international standard movie projects that will compete globally.
#7. Nollycoin provides Movie enthusiasts an opportunity to support the growth of movie industries in 3rd world countries while also deriving amazing utility values for the token they receive in return for their support. They can trade the token and they can use it as a means to enjoy movies showcased on the Nollycoin platform and partner sites and theaters.
Welcome to the world of Nolly, The New Revolution in movie distribution, powered by Nollycoin
To find out more and how you can be part of this revolution, go to http://www.Nollycoin.com