KlapCoin, a New Cryptocurrency Design to Help French Cinema, Launches ICO

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Today, The Diversity of French Cinema (DCF), a private independent company that supports French audiovisual works, has announced the launch of KlapCoin – a new generation cryptocurrency designed for the entertainment industry. In response to the issues affecting funding and support for production, DCF created an open, free, and independent cryptocurrency specially for entertainment. KlapCoin, built on the Tezos blockchain, is designed to help enable investments in filmstrips to fund the development of audiovisual works. 

Imagined for the Cinema, audiovisual and entertainment industries, this new generation French cryptocurrency is environmentally virtuous and aims to offer attractive profit prospects and exclusive additional rights to its investors. KlapCoin offers unique associated rights like cinema tickets, previews, mention in film credits, and involvement in the development of future works selected by a committee of experts.

“In the digital age, I am very proud to be part of this new Blockchain adventure alongside my comrades to allow audiovisual projects to benefit from these new financing and… We will be keen to be innovative,” Julie Gayet, Chair, DCF Selection Committee. 

A committee of experts will select the audiovisual works, whatever their format, theme or genre, which will benefit from the financial support of La DCF. This committee is sponsored by Claude Lelouch, Honorary President of La DCF, and is composed of ten permanent members, professionals from the film and audiovisual world and may also call upon specialized guest members.The chair of this committee of experts is actress/producer Julie Gayet along with: Patrick Braoudé, Kev Adams, Jean-David Blanc, Fianso (Sofiane), Marie-Pierre Huster, Fred Musa, Valérie Perrin, Alexandra Schamis and Elsa Zylberstein.

KlapCoin is built on the energy-efficient Tezos blockchain, which provides an inexpensive, environmentally-friendly solution with a controlled carbon footprint. Through tailored smart contracts, Tezos enables the creation of non-fungible token (NFT) contracts for DCF that cover all the (legal and artistic) aspects of development. With a pioneering, energy-efficient Proof-of-Stake design and low costs to mint and transact NFTs. Notable organizations building on Tezos include Manchester United, The Gap, Ubisoft, Team Vitality, Formula 1 racing teams Oracle Red Bull Racing and McLaren Racing, banking giant Societe Generale, music NFT platform OneOf, and more.

To learn more about Klapcoin, visit www.klapcoin.com and read the litepaper here.

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