Vulture Capital has launched the crowdsale of its VCAP cryptocurrency, the proceeds of which volition endure used to fund the upcoming film Listen Carefully. Through this project, Vulture Capital hopes to spread mainstream role of cryptocurrency.
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If successful, this crowdfund volition permit Vulture Capital to attain the first-ever cinema funded past times cryptocurrency. The squad believes that this possibility says a lot nearly the development of the cinema manufacture since its “golden years.”
Once considered i of the highest forms of art, Vulture Capital says cinema has piece of job “a big trouble organisation amongst lots of moving parts,” producing movies that appeal to the masses spell simultaneously turning profits as well as satisfying stakeholders. This transition has all but eliminated pocket-sized budget movies amongst master ideas, the theatre says, as well as has removed a lot of creative liberty from filmmakers.
However, the grouping says that cryptocurrency as well as crowdfunding tin alter all that, returning the fine art of cinema to its onetime glory. By combining these ii Internet-age technologies, filmmakers tin source funds direct from their audience, which allows them to plough over viewers precisely what they wish spell taking creative liberty dorsum from the cinema industry’s corporate titans.
Vulture Capital hopes to heighten at to the lowest degree a portion of its desired $3.5 meg USD budget through the VCAP crowdsale. Pending the acquisition of funds, filming for Listen Carefully is scheduled to start inwards autumn 2016, amongst a projected seat out engagement of summertime 2017.
Revenue generated from Listen Carefully will piece of job towards repaying VCAP tokenholders as well as other investors. Any leftover profits volition endure shared every bit betwixt VCAP holders as well as the Listen Carefully producers.
VCAP, created past times Obsidian CryptoVault Technologies, tin endure purchased on Vulture Capital’s website amongst bitcoin or ethereum.
About Vulture Capital & VCAP
Vulture Capital is a cryptocurrency token used by Hedley Productions. The VCAP is built upon Ethereum as well as it is beingness used to heighten funds for the company’s upcoming project ‘Listen Carefully’ through the ongoing crowdsale.
Images courtesy of Vulture Capital, Forbes.
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