New York, NY – MoviePass, renowned for enhancing the moviegoing experience through its technological innovations, has introduced Mogul on May 1. This platform represents the first daily fantasy entertainment service tailored specifically for Hollywood enthusiasts. With over 400,000 fans already on the early-access waitlist, the excitement for a new interactive film and entertainment engagement method is evident.
Supported by Mysten Labs, known for its foundational role in Sui—a layer 1 blockchain—and Animoca Brands, Mogul revolutionizes the role of fans by transforming them from mere observers to active participants in the entertainment industry. It enables players to enter fantasy-style tournaments, head-to-head duels, and solo challenges, exercising their predictive acumen on various aspects such as audience turnout, critical acclaim, award outcomes, and other significant entertainment benchmarks.
Mogul features an in-game currency system that allows users to showcase their knowledge, monitor their progress, and ascend leaderboards according to their predictive accuracy. The platform plans to introduce advanced functionalities like data-driven competitions, digital collectibles, and reward-centric participation which will enhance the fan experience beyond passive viewing.
Although interactive fan experiences have been predominantly led by fantasy sports, Mogul innovates by originating the category of Daily Fantasy Entertainment. It caters to the global fan base eager for a deeper, competitive involvement with the entertainment sector.
Constructed on the Sui platform, Mogul utilizes smart contracts to ensure a transparent and equitable ecosystem where virtual currency, rewards, and digital assets are distributed efficiently. Additionally, this platform sets the stage for MoviePass’s broader aim of enabling fan involvement in entertainment finance, giving audiences the chance to engage with and benefit from the industry's triumphs.
"Mogul is the embodiment of our ambitious Web3 strategy," stated Stacy Spikes, Co-Founder and CEO of MoviePass. "Inspired by fantasy sports, we've crafted a unique competitive entertainment experience. However, the larger vision involves activating a new generation of fans who actively influence the films and economic landscape surrounding them."
Evan Cheng, Co-Founder & CEO of Mysten Labs, remarked, "With Mogul's launch, MoviePass continues to innovate in the realm of film and entertainment engagement. By merging their entertainment prowess with Sui’s advanced infrastructure, they're not just gamifying Hollywood—they're introducing a novel category of on-chain consumer experiences. MoviePass consistently pushes the limits of fan engagement potential, and we're honored to support their latest blockchain venture."
Participants in the beta phase are provided with a digital wallet to manage virtual currency, collectibles, and exclusive in-app rewards. Mogul is designed for eventual integration with the larger MoviePass app, seamlessly combining ticketing, fan activities, and speculative entertainment into a cohesive experience.
Disclosure: This release contains forward-looking statements regarding Mogul’s development, performance, and availability. These are based on current expectations and subject to risks that could cause actual results to differ. MoviePass Inc. assumes no obligation to update forward-looking statements, except as required by law.
