Liechtenstein Cryptoassets Exchange (LCX) today announced it is tokenizing a $25 million movie fund in partnership with American actor and director Wesley Snipes. LCX said the partnership will allow the audience to invest in upcoming motion pictures and television shows produced by the famous actor and his production studio Maandi House.
LCX will be launching a regulated tokenized security using its blockchain infrastructure, allowing fans to invest in Hollywood productions alongside institutional investors and producers.
Investors in the token will get a share of profits from the productions and also enjoy additional benefits like possible tickets to movie premieres. All profits are “reinvested in the value of the token”.
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