Utilize the full power of the Metaverse, which will provide you with daily benefits and rewards I'm going in!

Hollywood Film Producer Gets $100 million for a Media Financing Token!

3 min reading

As a press release from the 23rd of May informs, a Hollywood film producer, Ryan Kavanaugh, has acquired investors who have allocated a total of as much as $ 100 million to a token that allows financing media content.

Proxicoin was based on Ethereum blocks and is aimed at a wide audience. It enables the acquisition of a fractional ownership of the film and other IP-based content. The advantage of this token is that it allows everyone to participate in the Hollywood industry, which until now was available only to the elite institutions.
Blockchain technology allows you to create new business models that unlock value in traditional industry branches such as film financing. A global audience can now participate in symbolic offers thanks to a new asset class.
- Aman Johar, Proxicoin consultant and advisor. Central Wealth Investment Fund from Hong Kong and Step Ventures are the investors who invested as much as 100 million dollars to develop the token.

Briefly about Proxima Media

Proxima Media Studio was founded by Ryan Kavanaugh. It is worth knowing that in his lifetime he was responsible for the production of over 200 films and blockbusters such as: Fast and the Furious, Immortals and Mamma Mia! Some time ago, Proxima concluded a contract with the Asian cryptocurrency exchange - Fusang, which deals with security tokens trade. According to the information provided, Proxicoin is to be placed on this platform.

A lot of benefits

Interestingly, Proxicoin owners will also be partial owners of the Entertainment Stock X (ESX) platform.  Its activity is focused closely on the financing of entertainment projects. Proxima has been working on this project for over two years now, and says that it will be launched by the end of 2019. According to the announcement, ESX will use the ever-growing demand for content, while satisfying the need for new, efficient sources of financing for filmmakers.
Currency Exchange rate Buy cryptocurrency

Utilize the full power of the Metaverse,
which will provide you with daily benefits and rewards

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net (www.ommyo.net). Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the ommyo.news/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.