Kinoapp.xyz, a Web3 movie company that democratizes film and protects artists’ rights, has announced the launch of its founding membership on September 7, 2022. What sets Kinoapp.xyz or “Kino” apart from the crowd is that it allows anyone to invest in Hollywood movies. Moreover, it ensures that creators receive appropriate compensation. Undoubtedly, Kinoapp.xyz will help push the envelope in the film industry when it launches its founder membership program.
About Kinoapp.xyz Founder Membership Program
On September 7, 2022, Kino will release 1,000 memberships, giving users whitelist access and priority for all future opportunities. Founding members are invited to the annual Kino Party. Among the attendees, the party includes celebrities, industry professionals, financiers and other film lovers. Founder membership offers many benefits. These online and IRL events include surprise invitations, exclusive merchandise and more.
KinoApp.xyz’s economic model offers founding members access to a lifetime of physical and digital art from the film collections, as well as unique online and IRL experiences. Additionally, it gives them the opportunity to invest in Hollywood productions with Oscar, Emmy and Golden Globe winning and nominated talent.
How is this Web3 film company protecting the rights of film and TV workers?
According to kinoap.xyz, many artists are still struggling in the $212 billion industry. There is a process by which studios and corporations can swindle billions called “Hollywood Accounting.” This reduces the amount the company has to pay in taxes and royalties or other profit sharing agreements.
According to Darryl Fannin, co-founder of KinoApp.xyz, Hollywood accounting is an under-discussed and persistent problem. This procedure affects films of all sizes. He pointed out that Lord of the Rings, which had a budget of 281 million dollars, earned 6 billion dollars worldwide. However, the studio has reported that it has suffered catastrophic losses. This means that director Peter Jackson has not received the 7.5% royalty he is owed.
kinoapp.xyzTherefore It aims to protect the rights of artists. In doing so, the group hopes to make film and television more equal for all. Kino’s founding membership through Web3 is a clear step to bring about a change of mindset in the cultural industry. Keep up to date with all the exciting updates that Kinoapp.xyz has in store through the project’s official website Instagram And Twitter
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