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It’s official: even the normies want a taste of bitcoin now. Just as the world’s largest cryptocurrency had settled into a relatively stable position, fluctuating between $8,000 and $12,000 for some time, the asset skyrocketed in value, starting in October 2020. In an economy devastated by Covid-19, the world started to open its eyes to the true potential of crypto as an alternative to fiat currencies. And with every bit of attention bitcoin gets, so does blockchain.
Over the last handful of years, blockchain has proven as a viable alternative to traditional centralized IT systems by being cost-effective and, in some cases, democratizing—giving the power back to the users rather than solely business owners. As ecosystems of their own variety thrive on blockchain technology, industries across the spectrum will begin adopting this technology.
Perhaps surprisingly—and perhaps not considering the need to bring fresh ideas to the big screen—the film industry is one of them. Blockchain might just be film’s golden ticket to fostering cultural diversity and bringing about more consumer inclusivity.
A history of exclusivity
If there was ever an industry that’s exclusive in the world,