any good news on this project...have discovered a couple of coins recently..but did not follwo this project in detail. are we on a good way?
No good news recently, in fact there is A LOT of risk investing as the founder has not communicated an update in >3 months.
But there is also a lot of upside, if the project is ongoing & is launched then the valuation will jump >25X imo
(Even with only a few thousand platform users early on, I could easily see this as a >$100 Million project actually esp. if market picks up.)
hmm i just wonder why he left...project seemed promising and also more or less unique...however indeed simply sad:( wonder if someone paid him so much more to dumb this...
Yeah there is a competitor currently doing an ICO, Slate.io (SLX)
Their business model consists of event ticketing (SLATIX) and a NetFlix competitor (BINGE) very much like FLiK.
Without going into too much detail the event ticketing side is worthless as the existing market leaders can incorporate the blockchain solution easily, so SLATIX/AVT/TIX just act as proof of concept to them.
BINGE on the other hand is interesting & they are clearly very well funded & conducting a few high profile acquisitions...
https://deadline.com/2018/05/blockchain-streaming-platform-binge-macon-blairs-the-shitheads-luke-wilson-ron-funches-1202400925/
https://cointelegraph.com/news/blockchain-media-company-acquires-the-beyond-bitcoin-documentary-at-cannes-film-festival
However BINGEs business model of acquiring exclusive content is expensive, unnecessary and risky. (For example a cryptocurrency user demographic is the low hanging fruit & can also easily access pirated content so spending 7 figures on exclusive rights to a crypto specific documentary is pretty wasteful.)
A very good value streaming platform with decent content & a particular focus on independent film and documentaries, potentially a little controversial for NetFlix & with the addition of a crowdfunding section, like FLiK would be much better & more cost effective way to enter the market.
So either Ryan is already advising them, or he is going to feel a bit miffed if they become the next unicorn & hes like, thats basically FLiK or he delivers FLiK & ends up being more popular than BINGE, for a lot less money
