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DAO aims to raise $5M to resurrect Blockbuster Video
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A new decentralized autonomous organization (DAO) has been formed with the goal of buying the Blockbuster brand from Dish Network and turning it into a film studio and streaming platform.
Blockbuster Video is an American video rental company founded in 1985 which once had 6,000 stores globally and was valued at over $8 billion, before it shuttered almost all of its operations in 2014. It is currently owned by Dish Network and operates just one store in Bend, Oregon.
The DAO interested in “liberating” Blockbuster from Dish Network is the aptly named BlockbusterDAO. The DAO explained in a Dec. 26 tweet its plans on rallying a grassroots effort to buy Blockbuster by raising at least $5 million through a Blockbuster DAO NFT minting event. Each
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