THE MEGA MOVIE FUND
The Mega Movie Fund was developed to spearhead an issue in independent film making. This issue is simple, what has always been done in the entertainment industry just continues to be done, this includes filmmakers having limited resources to launch their projects, equity holders worried about the level of risk associated with such projects and the age old issue of how to bridge that gap. Well the Mega Movie Fund bridges that gap in a very unique way and makes every attempt to mitigate the risk for current and future equity holders of an independent film project.
Each slate of films include different genres, directors, cast and The Mega Movie Fund provides full project funding via the use of digital assets that is held by the fund. Each film project will incorporate blockchain technology for 100% transparency on a step by step basis as the film progresses. The public ledger will show each and every financial transaction and its purpose. This avoids any potential fraud or mismanagement of funds as all funds will be allocated according to the approved budget, which will be verifiable line by line, either by the fund, investor, filmmaking team or general community.
With the issuance of the asset backed Mega Movie Fund “MMF” coins , any investor in the fund would have a store of value in their accounts and not just an agreement with a long term hold. They will have the ability to trade their MMF coins in one slate of films for coins in another MMF fund, transfer the coins to other private parties for liquidity purposes, trade their MMF coins for other digital assets that are available in the Megahoot Digital Vault, acquire more coins to increase their exposure or just hold onto them for the long haul until all the projects are generating the projected revenue.