Friday, February 16, 2018

Nollycoin, First Cryptocurrency for Nollywood

Dr. Ope Banwo's "Nollycoin" is the first #cryptocurrency in the Nigerian entertainment industry. But 99.99% of people in #Nollywood are clueless about what is an ICO; not to mention ETH.
If JP Morgan’s Jamie Dimon has declared Bitcoin to be “a fraud”, then what will the world say of a cryptocurrency for the film industry of a country that the apex bank has declared cryptocurrencies as illegal in Nigerian business transactions?

The people launching "Nollycoin" are too much in a hurry from what I have seen so far, because those in Nollywood are ignorant of it and the demo video only came on YouTube on #valentineday, February 14 and with only one view until I viewed and liked it and shared it on my very popular news and entertainment social media network, 247 Nigeria on Twitter to boost the publicity gratis just to promote whatever is promoting Nollywood online or offline.

We want to take Nollywood to millions of blockchain wallet users and we don't need any new ICO to do so, because we don't want to gamble with the legal currency exchange of Nigerians for a hit or miss new cryptocurrency.  It is best to use already proven and validated blockchain platforms for film distribution and content management with investments in  independent filmmakers and backed by Fortune 500 companies and other major corporations in developed countries forming the Enterprise Ethereum Alliance (EEA), the world’s largest open-source blockchain initiative.
The members include Bancor, Bigchain DB, Deloitte, BlockCypher, Smart Contract Japan, Wall Street Blockchain Alliance, Red Chalk Group, SmartU Electronics Trading LLC, Axcent LLC, Toyota Research Institute, ConsenSys, CME Group, Cornell University's research group, Samsung SDS, Microsoft, Intel, J.P. Morgan, Cooley LLP, Merck KGaA, DTCC, Accenture, Banco Santander, BNY Mellon, National Bank of Canada and Sberbank, the largest bank in Russia.
See list of the members on

We pray and wish all the best for Nollycoin, because it is for the benefit of Nollywood.

~ Ekenyerengozi Michael Chima, Publisher/Editor, NOLLYWOOD MIRROR®Series.

No comments: