LiveTree Announces Token Sale to Disrupt the $500 billion Hollywood Industry
LiveTree ADEPT is the world’s first completely transparent platform for end-to-end creation, funding and distribution of film and television.
London, November 28 2017 LiveTree ADEPT, the world’s first community-powered film, TV and content network is set to disrupt the likes of Netflix’s subscription service by decentralizing the entertainment industry.
Built on Ethereum blockchain technology, the new platform will create a new “community powered” marketplace for film and TV distribution. It will raise up to $50 million through a token sale commencing on Friday December 1st at 10:00 UTC when a pre-sale of 35 million Seed Tokens (Symbol: SED) will take place. Visit ADEPT.livetree.com.
LiveTree ADEPT is set to disrupt the $500bn entertainment industry using blockchain technology to empower consumers and industry professionals with key features including:
Legal contracts involved in the production, financing and distribution of film, TV and content are often viewed as a burdensome and costly overhead. ADEPT replaces these contracts with blockchain based “smart contracts”. This reduces costs and fosters fan community gamification.
Digital Token: The Ethereum ECR20 “LiveTree Seed” digital token is set to replace subscription fees, legal fees and funding costs. The token encourages community growth by enabling fans to gamify the process of production, through sharing, participating and promoting the content they watch.
Digital Rights Management: Owning and sharing video intellectual property will be moved to the blockchain. This opens possibilities for the general public to own what they watch and earn from profits derived from exploiting content distribution e.g. from subscriptions, pay-per-view, and advertising. New digital channel Blossom TV will be the destination for this community powered content.
Livetree ADEPT has a 5-year roadmap to capture market share. In addition to the ADEPT community approach, LiveTree will license films specifically for ADEPT through LiveTree Incubators, fully funded by Seed. Incubators in LA, London and NYC will produce LiveTree Blossom TV “Originals” which will be used to further increase the value of the token, while promoting mainstream adoption of Blossom TV.
LiveTree’s film, TV and content business captured 5% of the UK entertainment crowdfunding market in the last 2 years. It has established several high-profile partners including The British Film Institute, Red Rock Entertainment, the Screen Arts Institute, and 14,000 industry suppliers worldwide. The existing business will be migrated to LiveTree ADEPT. adept.livetree.com
Based in London, UK, LiveTree is the world’s only crowdfunding platform which exclusively supports
creative arts projects. In the past two years, LiveTree has captured 5% of the UK crowdfunding
market (in the film and content category) and forged partnerships with several leading names in film, TV and content creation. These institutions include the British Film Institute’s Future Film, the
Screen Arts Institute, Kent Film Office, Film London and 20 organizations.
About Ashley Turing, founder and CEO:
LiveTree CEO and founder Ashley Turing is an entrepreneur and consultant with over 20 years’
experience in technology innovation. He studied computer science and worked with a team from
the Massachusetts Institute of Technology (MIT) before working with Microsoft. Ashley has also
worked on various projects in areas including online gaming company and investment banking.
Having acquired an acute understanding of the weaknesses in the current global economy first hand,
Ashley Turing launched LiveTree as an alternative sustainable model for economic development.
About Dr Jamie Ward, co-founder and chief technical officer:
Jamie Ward has a PhD in wearable computing from the Swiss Federal Institute of Technology (ETH) in Zurich, where he worked, among other things, on early wearable heart-monitoring technology. He is currently a research associate at the Institute of Cognitive Neuroscience, University College London (UCL) where he works on social interactions.He is a visiting researcher at the Computing department, Gold.
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