It's also believed to be the first mainstream TV show to be financed by Bitcoin and Ether.
A major production company has announced that it is developing a 10-part TV show about cryptocurrencies.
Beacon Pictures, which created the long-running ABC drama Castle, says the comedy is going to be called Hold On For Dear Life — a nod to the crypto term “HODL” — and the production will be financed by digital assets, too.
The company has utilized the help of pseudonymous crypto insider Suhh Toshee (very clever,) who has contributed to the scriptwriting.
Beacon Pictures CEO Mark Pennell said:
“Crypto is about community. The show is an extension of that community. So, we embraced the innovation by creating an opportunity for crypto entrepreneurs to participate in a show that reflects many of their own stories.”
Tokenized Profits for Investors
The show is set to reward investors in the form of tokens, which will enable them to receive net profits on a pro rata basis directly into their crypto wallets.
Speaking to Deadline Hollywood, Pennell added: “As far as I know, this is the first mainstream TV show to be financed by Bitcoin and Ethereum.”
With NFT mania continuing to grip the market, it’s somewhat unsurprising that an entire episode is set to be released in the form of a non-fungible token.
With filming due to begin in August in Puerto Rico, the show is based around Mel, a young tech founder who launches a token in memory of her missing best friend.
Casting has already begun for some roles, while big names in the crypto world are set to make cameo appearances… including tech billionaire Tim Draper.
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