Crypto billionaire Mark Cuban’s company Fireside is launching a $100 million creative fund in partnership with altcoin project SKALE Network (SKL), which will be given in part in crypto.
Fireside is partnering with altcoin project SKALE Network
The ‘participatory entertainment platform’ Fireside, established by Falon Fatemi and billionaire investor Mark Cuban, whom you know well from the news of Kriptokoin.com, is the Ethereum-based altcoin project SKALE Network. and on a $100 million ‘ecosystem fund’. According to
Fireside, grants from the fund will be provided in both liquid and locked form, including but not limited to SKALE tokens, Ethereum, USDC, Bitcoin, and fiat, depending on the purposes and nature of the grant. On the subject, Falon Fatemi says:
The platform allows creators to start a network and then have their fans not only be a part of the content creation process, but also be behind the scenes and get early access to the content and ultimately, this is the entertainment of the future. will be a part of helping develop their network.
Launched last year and early comparisons to Clubhouse, Fireside also enables creators to engage and engage with viewers while recording. “While the performances are recorded live, you can literally hear the audience laughter, their applause, their reactions, and you can also get on stage and be in the show,” says Falon Fatemi.
What does Fireside aim to do?
Falon Fatemi, describing the Fireside application and the membership model based on NFTs, points out that NFTs and Blockchains are nowhere mentioned and community members do not need to have any knowledge of crypto or Web3. “Under the hood, we have Non Fungible Tolens (NFTs),” says Jack O’Holleran, SKALE co-founder of Fireside affiliates.
Falon Fatemi also states that Fireside has also formed partnerships with ad-supported video-on-demand (AVOD) services so that content can be distributed on devices and services similar to Samsung TV and Roku. Jack O’Holleran notes that the power of content creation has traditionally been centralized in major studios and networks and has since moved to streaming services. their ability to find financing for And I think you’re about to see this new trend of what is created, who makes the decision, who finances the decision. And Web3 is helping to reinforce that and really helping to circumvent this new middleman in Hollywood.
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