Kinoapp.xyz, a Web3 film company which democratizes film and protects artists’ rights, has recently revealed its founding membership on September 7, 2022. What makes Kinoapp.xyz or “Kino” stand out from the crowd is the fact that it lets anyone invest in Hollywood movies. In addition, it guarantees that creators get proper compensation. Surly, Kinoapp.xyz will help the film industry by launching its founder membership program.
About Kinoapp.xyz founding membership program
On September 7, 2022, Kino will release 1,000 memberships, where users will have whitelist access and priority for all upcoming chances. Founding members will be invited to the annual Kino party. Among the attendees, the party will contain celebrities, industry professionals, financiers, and other film fans. The Founder membership will present many benefits as well. These involve surprise invitation to online and IRL events, special merchandise, and more
Kinoapp.xyz’s business model creates an opportunity for Founding Members to get lifetime access to physical and digital art from movie sets, plus exclusive online and IRL experiences. Besides, they are given the chance to invest in Hollywood productions with Academy Award, Emmy and Golden Globe-winning nominated talent.
How does this web3 film company support the rights of film and television workers?
As reported by Kinoapp.xyz, numerous artists are still struggling in a $212 billion industry. There is a process by which studios and companies can swindle billions of dollars named “Hollywood Accounting.” This decreases the amount the company has to pay in taxes and royalties or other profit-sharing agreements.
As stated by Daril Fannin, co-founder of Kinoapp.xyz, Hollywood, accounting is an ongoing problem that is rarely talked about. This action affects films of all sizes. He noted that Lord of the Rings has earned $6 billion worldwide with a budget of $281 M. Nevertheless, the studio reported a terrible loss. This meant that director Peter Jackson did not get the 7.5% royalties he was owed.
Hence, Kinoapp.xyz wants to protect the rights of artists. In doing so, the team hopes to make film and TV fairer for everyone. The Kino’s Founding Membership is a clear step forward to create a paradigm shift in a traditional industry through Web3. Stay up to date with all the exciting updates from Kinoapp.xyz through the project’s official Instagram and Twitter.