Ethereum Movie Venture: Ethereum-Based Film Financing and Distribution Platform

What is Ethereum Movie Venture

Friends, imagine that you are no longer just a movie viewer, but one of the “shareholders” of a film, even able to participate in its production and profit distribution. Ethereum Movie Venture (EMV) is just such an imaginative project. It’s like a blockchain-based “movie studio,” aiming to leverage the transparency and decentralization of blockchain technology to change the traditional ways of film financing, production, and distribution.

Simply put, EMV is a movie platform built on the Ethereum blockchain. You can think of Ethereum as a huge, publicly transparent digital ledger that can run various smart contracts—like self-executing agreements.

EMV’s first project is touted as “the world’s first film funded by Ethereum.” They raised funds by pre-selling movie tickets, but these tickets are not ordinary paper tickets—they are special digital tokens called EMV tokens. These tokens are ERC-20 standard tokens, which you can think of as a universal digital voucher on the Ethereum blockchain, easily created, issued, and traded. By purchasing these tokens, you not only get a movie ticket, but can also buy and sell them on some digital asset exchanges.

The project was founded in 2017 in Bern, Switzerland, with the core idea of building a decentralized entertainment platform that allows movie lovers to participate more deeply in the film industry.

Project Vision and Value Proposition

The vision of the EMV project is to make film production more open and fair through blockchain technology. It seeks to address issues in the traditional film industry such as non-transparent fundraising, low audience participation, and uneven profit distribution.

Its core value proposition is reflected in several aspects:

• Profit Sharing: EMV promises to distribute 75% of the net profit from its first film to EMV token holders from 2018 to 2038. It’s like buying a movie ticket that not only lets you watch the film but also share in its box office revenue.
• Community Governance: Token holders can not only share profits but also vote on future film projects, deciding which movies are worth investing in and producing. This gives ordinary viewers a certain degree of decision-making power, turning them from passive consumers into active participants.
• Utility: EMV tokens are primarily utility tokens, mainly used to watch films produced by EMV. This means the tokens are not just investment products, but also vouchers for enjoying entertainment services.

Through this model, EMV hopes to build a community-driven film ecosystem, closely linking the success of movies to all participants.

Technical Features

The EMV project relies mainly on the Ethereum blockchain, which brings several core features:

• Underlying Blockchain: Ethereum. The EMV project runs on the Ethereum blockchain, meaning its transactions and token management follow the rules of the Ethereum network. Ethereum is a very mature and widely used blockchain platform, known for its smart contract functionality.
• Token Standard: ERC-20. EMV tokens are ERC-20 standard tokens. ERC-20 is currently the most common token standard on Ethereum, defining a set of rules that allow tokens issued by different projects to be compatible and easily circulated in various wallets and exchanges.
• Smart Contracts: Although the whitepaper does not detail the specific implementation of smart contracts, as an Ethereum-based project, EMV’s token issuance, profit distribution, and voting mechanisms are likely all automatically executed via smart contracts. Smart contracts are like vending machines on the blockchain: once preset conditions are met, they automatically execute the corresponding operations without third-party intervention.
• Organizational Structure: Centralized. Although the project leverages the decentralized features of blockchain, its organizational structure is described as centralized. This means that core decisions and operations may still be managed by a centralized team or entity.
• Contract Address: The Ethereum contract address for the EMV token is
  0xB802b24E0637c2B87D2E8b7784C055BBE921011a
  . This address is the unique identifier for the token on the blockchain, and you can check the token’s circulation and transaction records via a block explorer.

It’s important to note that while EMV tokens themselves are “not mineable,” this refers to the method of token issuance, not the consensus mechanism of the Ethereum blockchain. Ethereum itself has transitioned from Proof of Work to Proof of Stake, so new ETH is no longer generated through mining.

Tokenomics

The tokenomics of the EMV project revolve around its EMV token:

• Token Symbol: EMV.
• Issuing Chain: Ethereum, as an ERC-20 standard token.
• Total Supply: The project team reports a total supply of 6,666,666 EMV.
• Circulating Supply: According to CoinMarketCap, the project team reports a circulating supply of 0 EMV, which is unverified. This may mean that the actual number of tokens in circulation is very low, or the data has not been publicly confirmed.
• Market Cap and Trading Volume: EMV’s market cap is very low—about $331,000 according to CryptoSlate, but CoinMarketCap and Delta by eToro show its market cap and 24-hour trading volume as close to zero or very low (for example, CoinMarketCap shows a market cap of $0 and 24-hour volume of $0; Delta by eToro shows 24-hour volume of $2.01). This indicates extremely low market activity and very poor liquidity.
• Token Utility:
  • Movie Tickets: Used as pre-sale tickets and viewing vouchers for EMV-produced films.
  • Medium of Exchange: Can be bought and sold on supported digital asset exchanges.
  • Profit Rights: Holders are entitled to share 75% of the net profit from the first film (2018-2038).
  • Governance Rights: Holders can vote to decide the direction of future projects.
• Inflation/Burn Mechanism: There is no clear mention of inflation or burn mechanisms for EMV tokens in public information.
• Distribution and Unlocking: There is no detailed explanation of the specific token distribution plan or unlocking schedule in public information.

Overall, the design of the EMV token aims to more closely connect movie audiences with film projects, incentivizing community participation through profit sharing and governance rights. However, its extremely low circulation and trading activity are aspects to watch.

Team, Governance, and Funding

• Core Members: No detailed information about the core team members of the Ethereum Movie Venture project was found in publicly available search results.
• Team Characteristics: The project was founded in 2017 in Bern, Switzerland. Its organizational structure is described as centralized.
• Governance Mechanism: Token holders are given the right to vote on future projects, which is a form of community governance. However, given its centralized organizational structure, actual decision-making power and execution may still rest with the core team.
• Treasury and Funding: According to a report by Tracxn, Ethereum Movie Venture is currently an “unfunded” company and has not conducted any funding rounds. This means the project may mainly rely on its token pre-sale or internal funds for operations. The lack of external funding may pose challenges for the project’s long-term development.

Roadmap

No detailed, timeline-based roadmap for the EMV project was found in public information. However, some key milestones and plans can be inferred from its vision and tokenomics:

• 2017: Project founded.
• Early Stage: Fundraising for the first film through EMV token pre-sale.
• 2018-2038: Distribution of 75% of the first film’s net profit to EMV token holders.
• Future Plans: Token holders will be able to vote on future film projects.

Due to the lack of a detailed roadmap, the project’s specific development plans, milestones, and timeline are unclear.

Common Risk Warnings

Investing in any blockchain project comes with risks, and the EMV project is no exception. Here are some common risks to be aware of:

• Economic Risks

  • Extremely Low Liquidity: EMV tokens have very low market trading volume and market cap, with some platforms showing it as zero. This means you may have difficulty buying or selling tokens at a reasonable price, posing liquidity risk.
  • Insufficient Funding: The project is described as an “unfunded” company and has not received external investment. Insufficient funds may lead to stalled development, operational difficulties, or failure to deliver on promises.
  • Uncertain Returns: The promise that token holders will share in the net profit of the film is highly dependent on the success of the film itself and whether the company can remain profitable. Film production is a high-risk industry, with great uncertainty in box office and profits.
  • Self-Reported Data Unverified: CoinMarketCap notes that EMV’s circulating supply is self-reported by the project team but unverified, and is shown as zero. This may indicate a lack of transparency in market data or potential issues.

• Technical and Security Risks

  • Smart Contract Risks: Although the Ethereum blockchain itself is relatively secure, the smart contract code of the EMV project may have vulnerabilities. If the contract has not undergone rigorous auditing, it may be at risk of attack or unexpected behavior. No audit report for the project has been found so far.
  • Centralization Risk: The project’s organizational structure is centralized. This means the project team may have significant control, posing risks of single points of failure or abuse of power.

• Compliance and Operational Risks

  • Regulatory Uncertainty: The EMV project claims its token is a “utility token, not a security.” However, regulatory standards for token classification vary by country and region, and future regulatory changes may pose compliance risks.
  • Operational Transparency: The lack of detailed team information and a roadmap may result in insufficient operational transparency, increasing uncertainty for investors.
  • Low Project Activity: Extremely low trading volume and market attention may indicate low project activity and limited community participation, which is not conducive to the project’s long-term development.

Please remember, the above information is for reference only and does not constitute any investment advice. Be sure to conduct thorough independent research and risk assessment before making any investment decisions.

Verification Checklist

• Block Explorer Contract Address:
  0xB802b24E0637c2B87D2E8b7784C055BBE921011a
  (Ethereum ERC-20 token).
• Official Website: emovieventure.com.
• GitHub Activity: No GitHub repository or activity information for the project was found in public search results.
• Social Media: The project has accounts on X (Twitter) and Facebook.

Project Summary

Friends, overall, Ethereum Movie Venture (EMV) presents an interesting concept of using blockchain technology to revolutionize the film industry. It attempts to allow ordinary people to participate in film financing, profit sharing, and project decision-making through the issuance of ERC-20 tokens—something difficult to achieve in the traditional film industry.

The core appeal of the project lies in its promised profit-sharing model (distributing 75% of the first film’s net profit to token holders) and community governance mechanism. This provides movie lovers with an opportunity to become “film partners.”

However, based on currently available information, the EMV project also faces significant challenges and risks. Its extremely low market cap and trading volume indicate very limited market activity and worrying token liquidity. In addition, the project is described as an “unfunded” company, lacking external funding support, and its organizational structure is centralized, which somewhat contradicts the decentralized spirit of blockchain. The lack of detailed team information, roadmap, and smart contract audit reports also increases the project’s uncertainty.

The concept of EMV is innovative, but its current market performance and information transparency suggest caution. If you are interested in this “blockchain + film” model, it is recommended to study its official website and whitepaper in depth (if a more detailed version can be found), and closely follow its future development and actual implementation. Remember, this is not investment advice—any investment decision should be based on your own independent judgment and risk tolerance.