Facepower Asset Chain Launches Blockchain-Based Decentralized Idol Creation Ecos

[Goodcat49]

Facepower Asset Chain (FAC) has rolled out a powerful blockchain facility — a decentralized idol creation ecosystem — which enables a public, transparent, self-managed and efficient system for investors, fans and idols. It ensures fairness and transparency of idol-related investment and returns, meeting the requirements of decentralization, security, generation of a revenue stream, auditing, reporting and compliance in the surest and most efficient way.

Facepower Asset Chain (FAC) has rolled out a powerful blockchain facility -- a decentralized idol creation ecosystem -- which enables a public, transparent, self-managed and efficient system for investors, fans and idols.

It ensures fairness and transparency of idol-related investment and returns, meeting the requirements of decentralization, security, generation of a revenue stream, auditing, reporting and compliance in the surest and most efficient way.

The entertainment industry's approach of having the general public choose and create reality show idols has been the prevailing model for years. These reality shows have become one of the most talked about topics on social media as a result of public participation shortening the distance between fans and their idols via the voting process. The Four: Battle for Stardom in the US and Europe and Produce 101 in Asia have attracted millions of followers this year and continued to receive billions of views on social media.

Reality show-based concerts, films and TV shows have created a massive market with the potential of generating hundreds of billions of dollars. The entertainment market that these shows have created and the huge fan base that supports it have experienced explosive growth worldwide. Yet, that same industry has been dragged down by several factors, among them a centralized oligopoly, low survival rate for the small and medium-sized agencies that are necessary middlemen to the process, non-transparent revenues and the lack of investment in lesser-known idols. Up to 50-90% of revenues generated from idol IPs are peeled off by channel promoters and middlemen. The second and lower tier idols find it too difficult to develop a following due to the lack of promotion channels. The fan economy is neither transparent nor genuinely public, in addition to being fickle.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/facepower-asset-chain-blockchain-based-ecosystem/