Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Bidkar Ramos
Amount Asked: $200,000
Status: Rejected

BTS Studios

This page's content is auto-generated from the grant application based on the content the applicant gave consent to share. Since this application is still pending review or was rejected, the Atom Accelerator DAO is not endorsing or otherwise indicating support for this project. This page has been made public as part of our commitment to transparency

Entertainment as a Social Resource” lies at the core of our vision at BTS Studios. We believe that entertainment should be a shared asset, benefiting both creators and audiences alike. With our groundbreaking film model, film holders become an integral part of this social resource, gaining access to a world of benefits. As holders of the film, folks will be entitled to royalties from the film’s purchases, sales, and streams throughout the entire ecosystem. Our innovative approach ensures a transparent and fair distribution of profits, providing an unprecedented level of involvement for our community. Together, we will reshape the entertainment industry, where everyone has a stake in the success of FILMS. We’re redefining the way films are made, owned, and enjoyed.

In this grant application, our primary goal is to establish a robust royalty system empowered by smart contracts, which will revolutionize the entertainment industry. With the successful implementation of this system, we aim to create a seamless and transparent process for distributing royalties to content creators, artists, and stakeholders, ensuring they receive fair compensation for their contributions. Additionally, we envision building an entertainment-focused IBC (Inter-Blockchain Communication) enabled blockchain, fostering a decentralized ecosystem where content creators and audiences can interact directly, eliminating unnecessary intermediaries, and enabling seamless cross-platform experiences. This blockchain infrastructure will empower our community and transform the way entertainment is produced, consumed, and shared. Through this grant, we aim to lay the foundation for a more equitable and inclusive entertainment landscape, driving innovation and sustainable growth within the industry.

With your invaluable support, we will utilize the provided seed funds to embark on a comprehensive journey towards the full launch of BTS STUDIOS. This entails establishing a solid legal structure, assembling a talented team, developing a cutting-edge chain, implementing effective marketing strategies, and ultimately unveiling our platform to the world. We are grateful for Cosmo’s consideration and invite you to give us the opportunity to showcase our transformative vision and revolutionize the entertainment industry together.

Team: Bidkar Ramos
Current Status: Rejected
Funding Program: Regular Grants
Funding Category: Interchain Public Goods

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $200,000

Date Applied: Jul 21, 2023
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Aug 22, 2023 (4 weeks)

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