Hollywood enters the crypto industry with $100 million in Hong Kong investment for their Proxicoin

If there’s one place in the world that will survive any global financial crisis, it’s Hollywood. In fact during the Great Depression of 1929, when the world saw it’s darkest years financially, the one company on the stock market that actually made money was the movie company MGM. Today billions of dollars flow through the various film production studios and the movie industry every year. That’s where the money is and always has been. So it comes as good news that the movie industry is getting into cryptocurrency.

This looks like another step toward mainstream adoption of crypto by some of the biggest movers and shakers and movie makers. A star is born and its called Proxicoin.

Proxima Media, the company founded by veteran Hollywood film producer Ryan Kavanaugh, has just raised $100 million for their newly launched Proxicoin token, built on the Ethereum blockchain. It allows small retail investors to now also invest in big blockbuster film and television productions, which is a first of its kind and could be the shape of things to come in the new tokenized world where everything can be invested in by anyone. Welcome to the world of tokenomics.

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Finally, the opportunity for you and I to also invest in big productions and get a share of the asset and its profits is soon to be available.

The power and beauty of blockchain technology is that it allows flawless record keeping of transactions on the open ledger, even for micro amounts, so that fractional ownership of actual film, TV, music and other creative content is now possible. To facilitate this Proxicoin will be fully audited and also listed for trading on the Asian cryptocurrency exchange Fusang. Hollywood is now dealing in cryptocurrency and Hong Kong wants in.

Proxima Media, the company founded by veteran Hollywood film producer Ryan Kavanaugh, has just raised $100 million for their newly launched Proxicoin token, built on the Ethereum blockchain. It allows small retail investors to now also invest in big blockbuster film and television productions, which is a first of its kind and could be the shape of things to come in the new tokenized world where everything can be invested in by anyone. Welcome to the world of tokenomics.

Finally, the opportunity for you and I to also invest in big productions and get a share of the asset and its profits is soon to be available.

The power and beauty of blockchain technology is that it allows flawless record keeping of transactions on the open ledger, even for micro amounts, so that fractional ownership of actual film, TV, music and other creative content is now possible. To facilitate this Proxicoin will be fully audited and also listed for trading on the Asian cryptocurrency exchange Fusang. Hollywood is now dealing in cryptocurrency and Hong Kong wants in.

Kavanaugh and his company Proxima Media are also busy creating their own type of stock exchange or trading platform called Entertainment Stock X (ESX), which will allow traders to invest in individual film and TV productions just like traditional IPOs. Proxicoin holders will also become partial owners of ESX, who currently already has listings for more than 30 major feature films and is also ready to gain a significant share of the 600 major TV shows produced annually.

There is a booming demand for this kind of creative content globally and film makers are always looking for investors. Already $1.6 billion has entered the crowd funded film financing market, and Proxicoin will allow retailers like us to tap into that too, as ESX goes live by the end of this year.

Film has always been a much sought after asset class for large hedge funds and banks, but now we can have a share, which indicates a potential trend toward opening up the financial world to more than just big institutions as blockchain truly facilitates decentralization and genuine wealth distribution for a change.

Considering the current trade war between the US and China, this could be a way for investors from the two global superpowers to overcome the hurdles and work together for mutual growth thanks to crytpocurrency. Proxicoin basically removes friction points and still maintains total transparency. With their stellar team of top bankers, content creators and marketers, this is due to create an impressive paradigm shift via the financing and marketing of the film industry.

The two major investors in Proxicoin, namely the Hong Kong-based Step Ventures VC company and the HK Central Wealth Group are both well established investors in emerging technologies and innovation, and are respected for their history in the financial services sector. Add to that the leadership of legendary Hollywood producer Ryan Kavanaugh, and you have a top class team to back this project.

If you enjoy watching Hollywood movies, then you may remember some of Kavanaugh’s blockbuster hits like “Fast and Furious”, “Mama Mia” “The Social Network” (about the creation of Facebook which received 8 Oscar nominations) and a favorite “Limitless” where the hero finds a new wonder drug that increases his capacity to understand the stock market and become a millionaire trader overnight.

Crypto traders may like that one.

These are just some of the over 200 films produced by Kavanaugh, with box office earnings around $17 billion to date, so the Proxicoin is built on years of experience in the film and finance industries. With this kind of pedigree behind it, it looks like we have a winner on numerous levels, not least for movie lovers, investors and crypto enthusiasts alike. It looks like the future is definitely based on AI, blockchain and cryptocurrency.

We may already realize that but it looks like the rest of the world, particularly smart money, is getting the memo too.