Celebrities on Blockchain
Celebrities on Blockchain
Disrupts the Huge $100 billion Celebrity Management industry
Broader international networks of scouts and promoters are built (6000 people instead of 60 for traditional celebrity management agencies). They are highly motivated as token holders, do not raise overhead costs and contribute to the community success.
Blockchain eliminates counterparty risk. Users can trust that transactions will be executed exactly as the protocol commands (e.g. scouts will receive $10K bonus for every signed player).
Advertising agencies can be partially replaced by the global promoters' network who bring contracts.
Brings more transparency to the celebrity industry that is often plagued by scandals and prone to manipulation.
Interbank transactions can take days for clearing and final settlement. Blockchain transactions reduce transaction times to minutes and are processed 24/7.
By eliminating third party intermediaries and overhead costs for exchanging assets, blockchain greatly reduces transaction fees.
