Veteran Hollywood filmmakers Ben Rosenblatt and ?? ??? ??Micho Rutare launch $FLIX, a novel crypto-token, in order to reinvent how independent films are financed, produced, and distributed.
Their company American Meme will leverage $FLIX to raise capital for a slate of indie films that appeal to both film and crypto enthusiasts. A fee on each transaction goes directly to a “film wallet.” The team has committed to investing 75% of film wallet funds in production and only 25% in marketing and publicity.
Profits from film sales, distribution, and licensing will be used to buy back $FLIX, which will make the token deflationary in order for its relative value to increase continually.
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