MoviePass Launches Box Office Betting Platform Unfortunately Tied to Crypto

MoviePass, the service best known for the unsustainable plan to let people see unlimited movies in theaters for a monthly fee, is launching a new fantasy sports-style platform for film buffs. Unfortunately, it’s tied to the blockchain as part of the company’s ongoing shift into the Web3 space. The platform, called Mogul, launched Thursday as part of a collaboration between MoviePass and Mysten Labs. MoviePass describes it as a “competitive entertainment experience” that will let fans participate in fantasy tournaments, head-to-head matchups, and solo challenges based on various metrics of film fandom. That includes scoring based on audience attendance, critic scores, award victories, and other markers of success. If you’re a listener of The Big Picture Podcast, they play games similar to this on the regular, though it’s just a competition between the hosts. There have also been games that try to tap into a similar energy, like the Hollywood Stock Exchange, which allowed users to buy ... Read full article.