Advent Entertainment Launching Security Token for Consumer Profit Participation in Content

Advent Entertainment, a film and entertainment funding company, has launched the Advent Token, what it bills as the first digital security that opens the door for investors to participate in potential upside in future Hollywood movies, television shows and video games created by Advent Entertainment.

It will officially launch on Oct. 24, 2022.

Advent Token will be listed on INX ONE, “the world’s first and only fully regulated, end-to-end platform for listing and trading both SEC-registered security tokens and cryptocurrencies,” according to Advent.

“We all grew up with icons like Stan Lee. Can you imagine profiting from the characters he created? Advent Token allows you to join in the potential profits of Hollywood productions,” said Lee Baker, CEO of Advent Entertainment. “But our goal is so much more than potential future profits. Through next-generation technology, we aim to create a worldwide community which immerses creators and fans into film, television, music, and games using augmented reality, virtual reality, cryptocurrencies, digital securities, NFTs, the metaverse and Web 3. Join in production and creation. Bridge the gap between the digital world and the real world. See superheroes, speed-of-light jets, intelligent robots, and World War II fighter planes in the lobbies of theaters, at shopping malls, in restaurants and in your homes. Experience the movie and so much more.”

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The team of Advent includes Academy Award winner Keith Merrill and is led by Lee Baker and Jarom Sidwell, who have worked on projects such as Avatar, Avengers, Spider-Man, Race to Witch Mountain, as well as with Stan Lee. Advent joined forces with DIMA, known for its work on Oscar-winning Parasite and “Squid Game,” and Golden Loop Group, which runs a cryptocurrency wallet (GLG Wallet) and coin and is working with K-Pop, K-NFT and K-Comics. They are currently producing a television series called “Advent,” which is about the rise of artificial intelligence to save humanity. Consumers can join the production through the Advent Robots NFT collection, consisting of 11,111 unique robots based on the television series.

“We are very excited to offer the Advent Entertainment security token on INX ONE. They deliver to investors around the world an opportunity to invest in the entertainment sector on the ground floor,” said Shy Datika, CEO of INX, in a statement. “Advent is led by an extremely talented team with a solid track record of success, with some incredible names assigned to the issuance. Democratizing alternative investment opportunities is what INX does best and we look forward to the opening of the raise.” 

The Advent team has created a slate of film and television projects and plans to use security tokens, cryptocurrencies, NFTs, the metaverse, video games, augmented reality, and virtual reality to enhance consumer participation in the projects from start to finish.

“The plan is to see superheroes, animated characters, speed-of-light jets, intelligent robots, and World War II fighter planes in the lobbies of theaters and in your own home,” according to an Advent press release.

Netflix Orders Crypto Crime Doc Series

Netflix has ordered a documentary series about a married couple’s alleged scheme to launder billions of dollars worth of stolen cryptocurrency.

Ilya “Dutch” Lichtenstein and Heather Morgan were arrested in their New York City apartment on Feb. 8, and now face charges of conspiring to launder nearly 120,000 Bitcoin tied to the 2016 hack of a virtual currency exchange. As the value of the stolen Bitcoin soared from $71 million at the time of the hack to nearly $5 billion, the couple allegedly tried to liquidate their digital money by creating fake identities and online accounts, and buying physical gold, NFTs, and more — all while investigators raced to track the money’s movement on the blockchain.

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Chris Smith (“Fyre: The Greatest Party That Never Happened,” “Tiger King”) is set to direct and executive produce along with executive producer Nick Bilton (“Fake Famous,” “The Inventor: Out for Blood in Silicon Valley, ‘American Kingpin: The Epic Hunt for the Criminal Mastermind Behind the Silk Road”). 

NFT Offering for Anthony Hopkins Film ‘Zero Contact’ Tallies Nearly $100,000

Global NFT (non-fungible token) distribution and viewing platform Vuele grossed nearly six figures with the feature film Zero Contact, according to the company.

Vuele brought in 32.86267 ETH (Ether cryptocurrency) or $93,435 with the release of 11 NFT “drops” of the thriller starring Oscar-winner Anthony Hopkins. The “Platinum Edition” NFT drop alone sold for 20 ETH ($56,860).

Zero Contact is the first feature film NFT distributed by Vuele.

The “NFT drops mark an incredible new step for the feature film distribution industry as well as film collecting and fan engagement,” according to a company press release.

“In just these few short days, we’ve seen a community form around our film, enhanced fan engagement, and also proved a new revenue stream in the industry. We think this is groundbreaking,” Rick Dugdale, co-founder of Vuele and director-producer of the film, said in a statement. “Our goal was to earn the respect of the NFT space in order for us to create staying power and help blaze a new path for filmmakers. Not only is this now a proven distribution model, but we will be able to create new film financing structures moving forward.”

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Each winning NFT allows the lucky winner to be edited into the film with a personal Zero Contact shoot and edit. In addition, each winner receives signed digital artwork of the film poster, the “making of” the film, Crypto Generative Art by REMO x Dcsan and a Vuele “Golden Ticket.” The “Platinum” one of one winner also receives a walk-on role in the Zero Contact Universe.

AMC Theatres Expands Cryptocurrency Use, Acceptance

AMC Theatres Sept. 16 disclosed it would expand acceptance of the controversial Internet-based currency for online ticket and concession purchases. AMC in August announced it would begin accepting Bitcoin by the end of the year.

In a social media post, CEO Adam Aron said the movie chain, the world’s largest theatrical exhibitor, would include additional forms of crypto currency. The chain also accepts Apple Pay and Google Pay.

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The chain is joining a growing number of companies receptive to alternate forms of digital payment such as cryptocurrency, which tout lower transaction fees than credit and debit cards, in addition to wider appeal among tech-savvy consumers. Critics contend that with few government controls, cryptocurrency remains a confusing and mysterious form of tender that can be fraught with risk and manipulation.

With business transactions verified and recorded by a decentralized system using cryptography, rather than by a centralized authority (i.e. U.S. Treasury), cryptocurrency uses digital ledgers, or blockchains distributed across a network of computer systems.