Bonanza Goldfields Corp. is pleased to announce that Marvion has launched the inaugural movie remake hybrid DOTs for sale on its MetaStudio on 8 June 2022.

This comes after the successful acquisition of 10 licences for each of 10 types of adaptation rights from a portfolio of 20 movies from Euro Amazing Limited for a value of US$10million in Apr 2022. To recap, the acquisition covers the purchase of perpetual worldwide license for each movie to allow Marvion to own the associated licensing, sub-licensing rights in whole or in part, as well as associated territorial rights to mint 10 digital ownership tokens (DOTs) per category for 10 categories of adaptation rights derived from each movie.

With the emergence of Web 3.0, Marvion is taking a huge step forward by creating an ecosystem for Intellectual Property (IP) licensing business. According to Julian So, Vice Chairman of Marvion, “Marvion aims to gradually make the IP licensing market easily accessible to IP collectors and passionate content creators around the world by initially launching a small collection of IP Remake Digital Ownership Tokens (“DOTs”). Prospective buyers can browse through a variety of IPs on our MetaStudio and purchase them as DOTs in just a few clicks. We remain committed to adopt and implement Web 3.0 technologies to disrupt the IP licensing business, to enhance efficiency and productivity and to ultimately improve people’s lives. The possibilities are limitless.”

Marvion purports to disrupt the IP licensing business and the movie industry beginning with classic Hong Kong films. MarvionTM discerns that the IP licensing business has a multitude of opportunities, and has decided to use its proprietary “Digital Ownership Tokens” (DOTs) technology to reform the film IP licensing business. DOTs enable the IP licensing business to expand globally, minimize the business development and operating costs, and greatly reduces the operational and financial risks of the IP creation and licensing process.

By purchasing these DOTs, each buyer will have a one-time only right to remake the specific movie title into a new movie, drama series, comics, novel, animation movie, animation series or other production depending on the license embedded into the DOT, for private and/or commercial purposes and the right to retain all revenues arising from such new production and any merchandise arising solely from such new production to the exclusion of the owner of the copyright. Such right shall exist in perpetuity until it has been exercised, in which event, it shall immediately expire and cease to exist.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

64 +