NFT-Based Contest for Access Pass Holders Announced by Mogul Production
For Access Pass holders, Mogul Productions has announced an NFT-based contest. At today’s market rate, the participants can win up to 25 million STARS tokens, worth around $1.25 million.
The organization refers to the competition as one of the largest in blockchain history because the winner will also be cast in a future film. It’s the first NFT-based competition of its type.
Mogul Productions is a multi-sensory and inclusive platform that strives to decentralize the process of film financing. This will be accomplished through the use of blockchain, smart contract technologies, and analytics.
Mogul also revealed that it commissioned Rob Prior, a DC Comics and Marvel artist, to create a customized NFT for the competition. Rob Prior will begin by painting an original work of art in real-time. He’ll draw on suggestions from Access Pass holders.
Mogul productions also announced that pass holders will get the chance to vote on their favorite paint. The team also gave sait that:
“Rob Prior will then create the painting on a video Livestream for Access Pass holders to watch,”
Rob Prior’s design would also be turned into an NFT, according to Mogul, in order to permanently document its validity and originality. The company also stated that it would offer the NFT to Mogul Access Pass holders in order for them to possess the painting’s Non-Fungible Tokens.
Moreover, the company said it is only the beginning. So, whether participants are current pass holders or not and if they can collect more than 50% of the total number of NFTs created, they’ll win a role in its upcoming movie.
Founder and President of Mogul Productions, Lisa Sun, said:
“To Mogul, NFTs are more than just digital art. We’re excited to be partnering with one of the top artists in the world to use NFTs functionally, while giving more utility to our Access Pass holders.”
With this great event at hand, it is important to note that Participants can win up to 25M STARS tokens worth $1.25M.
