Establishing a joint venture with Skydance Media and raising $50 million fund

WYL MEDIA
2 min readJun 8, 2021

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To enter the Asian film market, we established a new corporation. The name of the new corporation is WYL MEDIA. This corporation was established as a joint venture with SKYDANCE MEDIA. It is the first step to enter the Asian film market with a vision. The Asian film market has grown by leaps and bounds recently. To create a successful blockbuster, we created a fund worth $50 million. Now, the new joint venture is planning to jointly pursue the business of blockchain and the business of movies.

First of all, we are planning to launch a blockchain-based platform. On this platform, we will be recruiting funds for the movies we will produce. Anyone can participate in the fund with a WYL coin and participate in the film production process transparently. When the production of the movie is completed, the box office profits will be distributed.

When the funding for the production film is completed, the investor receives an NFT token with a recorded stake in it.
This NFT token can be sold at any price we want on the NFT trading platform we will produce.

On our NFT trading platform, movie trailers, synopsis, and actor still cuts will be produced and sold in NFT.

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