‘Castle’ production company’s new TV crypto comedy to drop an ep as an NFT

‘Castle’ production company’s new TV crypto comedy to drop an ep as an NFT

A scripted TV series that's about crypto — and funded by it — is in development at Beacon Pictures, the independent production company behind “Bring It On”, and popular ABC drama “Castle.”

According to Deadline Hollywood, the 10 part TV crypto-comedy series “Hold on for Dear Life” —  a reference of sort to the slang term 'Hodl' — aims for principal photography to shoot in Puerto Rico from August.

Our top trading bots

The show, which was created by anonymous crypto insider calling themselves ‘Suhh Toshee’, will look to reflect the lives of crypto entrepreneurs, and hopefully be funded by them.  Beacon CEO Mark Pennell, told Deadline that:

“Crypto is about community. The show is an extension of that community. So, we embraced the innovation by creating an opportunity for crypto entrepreneurs to participate in a show that reflects many of their own stories.”

The project is raising funds via crypto by tokenizing the profits on Ethereum, enabling investors to receive their share of the proceeds directly to their wallets.

The producers also hope to cash in on the gold rush around NFT collectibles, with plans to mint a series of non-fungible tokens, as well as release the first-ever tokenized full episode of a TV show.

The storyline is focused on Mel, a young tech founder who launches a token named after her missing best friend Aveer and sets off with her band of “misfit” friends to make the Aveer token a success.

“To do so, they must overcome enemies, centralized powers and FUD (Fear Uncertainty Doubt)”

The series is set to feature cameos from figures in the crypto-world such as billionaire Bitcoin investor Tim Draper, and Crystal Rose, the CEO, and Founder of Sense.

As blockchain technology and cryptocurrency continue to creep their way into mainstream society, the appetite for crypto-based TV shows and movies is gaining momentum.

Cointelegraph reported on the development of the first-ever K-drama crypto-series “Romantic Hacker” in July 2020, which entails a fictional story of a Korean trading exchange being attacked by hackers.

In October, acclaimed actress Kate Winslet signed on to star in an MGM production portraying the founder of  the $4 billion OneCoin Ponzi scheme and in February 'Silk Road' was released depicting the lead up to the arrest darknet Silk Road founderRoss Ulbricht.

The story of how the Winklevoss twins became Bitcoin billionaires was also snapped up by Stampede Ventures earlier that year, and the same author that penned it, Ben Mezrich is working on a book and movie for MGM and book that details the GameStop saga.

Keep reading with Cointelegraph
75% of investors in emerging markets want more crypto: survey
A recent survey has revealed that a whopping 75% of investors in Asia-Pacific and Latin American emerging markets are looking to increase their exposure...
New poll shows top regions where workers are taking crypto salaries
Apart from high-profile athletes and politicians who are taking salaries in crypto, a study shows that the number of ordinary people who take some of their...
Finance Redefined: Axelar becomes a unicorn, new ETH addresses hit 1.5M per month, Feb. 11–18
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.This week has been full of funding raises, innovations, service deployments...
US Federal Reserve bank at the helm of CBDC research effort appoints new president
The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president...
Kyber Network (KNC) bucks the market-wide downtrend with a 57% gain in January
In the crypto market volatility continues to reign supreme, and fear, uncertainty and doubt (FUD) run rampant. This makes it challenging for any project...
Analysts expect turbulent Bitcoin price until $46,500 flips to support
Market volatility reared its ugly head once again for crypto traders on Jan. 13 as the excitement of Bitcoin (BTC) hitting its highest level in a week was...
Binance Turkey fined 8M lira for non-compliance against money laundering
The Financial Crimes Investigation Board (MASAK) has fined Binance Turkey 8 million lira (nearly $750,000) after the crypto exchange failed the financial...
Academic research claims ETH is a 'superior' store of value to Bitcoin
Australian university researchers have questioned Bitcoin’s reputation as the best store of value network in cryptocurrency, with Ethereum on track “to...
RTFKT partners with Daz 3D to advance metaverse NFT’s
RTFKT Studios, pronounced artifact, has announced a collaborative partnership with software developer Daz 3D to leverage their technology to create immersive,...
Measuring success: Offsetting crypto carbon emissions necessary for adoption?
Debates regarding the amount of energy required to mine Bitcoin (BTC) have been ongoing. While tech pioneers such as Elon Musk have recently mentioned that...
SEC claims first enforcement action in $30M fraud case involving DeFi project
A Cayman Islands-based company and two individuals may be the first subjects in decentralized finance, or DeFi, to face enforcement action from the United...
Zebpay will join organization proposing regulatory framework for crypto in India
Cryptocurrency exchange Zebpay and others doing business in India will reportedly be joining IndiaTech, an association aimed at providing regulatory clarity...
Chinese online retail giant JD.com adopts digital yuan for salary payments
JD.com has been using China’s Digital Currency Electronic Payment, or DCEP, system to pay the salaries of some employees since January.The e-commerce firm...
Brazilian Stock Exchange approves two new crypto ETFs in Latin America
The Brazilian Securities and Exchange Commission, or CVM, approved two cryptocurrency ETFs this week — one 100% Bitcoin and the other composed of five cryptocurrencies,...
NASA Will Create An Unmanned Spacecraft That Will "Think" Thanks To AI And The Blockchain
NASA began a new research project, which plans to use artificial intelligence and a blockchain for the intelligent system of an unmanned spacecraft. The...