MoviePass’ next big pivot is basically blockchain sports betting for film buffs

For many self-proclaimed cinephiles, enjoying movies has become an odd game of logging titles into Letterboxd and shouting at each other online about box office totals. And now, MoviePass has a plan to capitalize on that energy with a platform built on the blockchain.

Today, MoviePass and Mysten Labs announced the imminent launch of Mogul, a new "competitive entertainment experience" inspired by fantasy sports. Built on Mysten's Sui blockchain, Mogul will give users a way to compete against one another with fantasy-style tournaments and challenges focused on making predictions about films' critical ratings, awards they might win, and how they perform at the box office. Users will be able to win digital collectibles (read: NFTs) and in-game currency, while comparing their rankings on a leaderboard.

In a statement about the new platform, MoviePass co-founder and CEO Stacy Spikes described Mogul as "the culmination of our long-term Web3 strategy," and stressed that the company is trying to meet fans where they are.

"[T]he bigger vision is even more exciting - activating a new generation of fans who aren't just watching movies but influencing the culture and economy around them," …

Read the full story at The Verge.