MoviePass’ next big pivot is basically blockchain sports betting for film buffs

MoviePass has launched Mogul, a blockchain-based platform that allows users to compete against each other in fantasy-style tournaments and challenges focused on movies.
The platform uses Mysten’s Sui blockchain and allows users to win digital collectibles (NFTs) and in-game currency by making predictions about films’ critical ratings, awards, and box office performance.
Mogul is designed for self-proclaimed cinephiles who enjoy logging titles into Letterboxd and discussing movies online, with the goal of creating a new “competitive entertainment experience” inspired by fantasy sports.
The platform aims to meet fans where they are and activate a new generation of fans who aren’t just watching movies but influencing the culture and economy around them.
Mogul is the culmination of MoviePass’ long-term Web3 strategy, with the company’s co-founder and CEO Stacy Spikes describing it as “the bigger vision” for the platform.

A phone screen displaying the MoviePass logo.

For many self-proclaimed cinephiles, enjoying movies has become an odd game of logging titles into Letterboxd and shouting at each other online about box office totals. And now, MoviePass has a plan to capitalize on that energy with a platform built on the blockchain.

Today, MoviePass and Mysten Labs announced the imminent launch of Mogul, a new “competitive entertainment experience” inspired by fantasy sports. Built on Mysten’s Sui blockchain, Mogul will give users a way to compete against one another with fantasy-style tournaments and challenges focused on making predictions about films’ critical ratings, awards they might win, and how they perform at the box office. Users will be able to win digital collectibles (read: NFTs) and in-game currency, while comparing their rankings on a leaderboard.

In a statement about the new platform, MoviePass co-founder and CEO Stacy Spikes described Mogul as “the culmination of our long-term Web3 strategy,” and stressed that the company is trying to meet fans where they are.

“[T]he bigger vision is even more exciting – activating a new generation of fans who aren’t just watching movies but influencing the culture and economy around them,” …

Read the full story at The Verge.

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Q. What is MoviePass’ new platform called?

A. Mogul, a “competitive entertainment experience” built on blockchain technology.

Q. Who is behind the development of Mogul?

A. Mysten Labs, with MoviePass as a partner.

Q. What type of challenges will users be able to participate in on Mogul?

A. Fantasy-style tournaments and challenges focused on making predictions about films’ critical ratings, awards, and box office performance.

Q. How will users be rewarded for participating in these challenges?

A. Users will win digital collectibles (NFTs) and in-game currency.

Q. What is the purpose of Mogul according to MoviePass co-founder Stacy Spikes?

A. To meet fans where they are and activate a new generation of fans who influence the culture and economy around movies.

Q. In what blockchain technology is Mogul built?

A. Mysten’s Sui blockchain.

Q. What is the main goal of MoviePass’ Web3 strategy?

A. To capitalize on the energy of self-proclaimed cinephiles and create a new competitive entertainment experience.

Q. How will users be able to compare their rankings on Mogul?

A. On a leaderboard, where they can see how they rank against other users.

Q. What is the bigger vision for MoviePass’ strategy according to Stacy Spikes?

A. Activating a new generation of fans who aren’t just watching movies but influencing the culture and economy around them.

Q. Why did MoviePass decide to create Mogul?

A. To capitalize on the energy of self-proclaimed cinephiles and create a platform that meets their interests and passions.