A DAO wants to buy Blockbuster and turn it into a decentralized film streaming service
December 27, 2021, 10:55AM EST · 1 min readJust weeks after a decentralized autonomous organization tried to buy an original copy of the US Constitution, another historical artifact has become the target of a DAO: the defunct movie rental business Blockbuster.posted on December 25, BlockbusterDAO seeks to govern the Blockbuster brand and create a decentralized film streaming service out of it — with plans for movie financing and production down the road.
To achieve its goals, BlockbusterDAO intends to raise $5 million to purchase Blockbuster from Dish Network, an American television provider that bought the movie rental company in“One reported offer 'low-balled' $1.8 million for the brand, but it seems that the price tag is going to be higher to beat out any counter-offers,” wrote the DAO’s creator on Twitter.and achieve a common goal.
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