Cudos signs agreement with crypto-themed TV series, viewers earn engagement tokens to buy NFTs

Cudos signs agreement with crypto-themed TV series, viewers earn engagement tokens to buy NFTs
фото показано с : invezz.com

2021-8-14 15:01

Cudos announced it had reached an agreement with HODL, a crypto-inspired comedy series, and the fan engagement token Sator. The series will start airing in 2022, while the token will become available this August. The plot of HODL (Hold On for Dear Life) revolves around a young businessman launching a new cryptocurrency, named after his best friend, who has gone missing. It’s the first TV series to be financed by and set in the world of cryptocurrencies.

Cudos’ mission: Merge cloud computing and the blockchain

Cudo Ventures, the parent company, has been developing and scaling global computing power distribution over the past several years. Miners, gamers, and cloud service providers are contributing spare computing power to the Cudos network in exchange for payments in Bitcoin (BTC/USD), Ethereum (ETH/USD), Monero (XMR/USD), and other cryptocurrencies.  

The Cudos Network is a proof of stake network and layer 1 blockchain that offers the ecosystem decentralization in general. So far, computing intensive jobs like price prediction analysis and zkSnarks cannot be done in a decentralised way. Cudos wants to merge cloud computing and the blockchain, combining the low cloud cost with the benefits of blockchain. 

“There are many industries that are eager to utilise blockchain technology for security, efficiency and immutability reasons, but it is simply not affordable yet. The movie industry’s post production houses need huge CPU and GPU rich server farms to render the latest Hollywood blockbusters and the expense of buying, maintaining and managing these environments is often what drives them to use the hyperscale clouds instead. Decentralising these enormous workloads and distributing the computing task out to suitable service provider environments federated across the network, provides the ideal solution for businesses not only in the movie world, but also in sciences, AI and video content streaming,” said Matt Hawkins, CEO of Cudo.

The company will present Cudo Miner, their mining app, on one of the HODL episodes. They will begin making payouts in Sator then too. Viewers can download the mining app and earn tokens from their spare computing power. The tokens can then be exchanged for NFTs of digital memorabilia from HODL.

The post Cudos signs agreement with crypto-themed TV series, viewers earn engagement tokens to buy NFTs appeared first on Invezz.

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