Gyeonggi Film School would host a film festival from 25 September to 4 October. They have partnered with a Blockchain-oriented media distribution platform known as MovieBloc to conduct the festival.
The audience of the film festival would be able to rank every movie in real-time in exchange for various tokens. Some additional token-based rewards have been set for attendees if they volunteer in some other ways, such as proving foreign language subtitles for the films.
The festival, being online and uniquely designed, is in accordance with the ongoing COVID-19 pandemic situation. It may prove to be first of its kind event and could set an example for the festivals and celebrations in the post-COVID period. MovieBloc’s CEO, Kang Yeon-Kyung conveys that this new idea can coexist with domestic and international film fairs and the film industry.
In July, a collaborative performance art which comprised of about 15 short movies was infused and devised into a non-fungible token on the Ethereum blockchain. That event employed an operation which rewarded the volunteers of the project whenever a credit was sold. The Gyeonggi Film School has planned to apply the same concept in their upcoming festival.