Mogul Productions, a decentralized film financing (DeFiFi) and NFT platform that connects creators, movie fans, and film financiers, today announced that famed Marvel and DC Comics artist Rob Prior sold a 1 of 1 NFT for 5,500,000 STARS Tokens worth $182,050 USD. The NFT entitled “Reign of Money…What the F#$%” which is inspired by the film “Wolf of Wall Street,” was sold during a live event and auction hosted by Mogul Productions.
Mogul Productions which launched their crypto platform earlier this year already has nearly 50,000 users. The company has also launched their Access Pass Sale with a limited number of Access Passes available on their website. Mogul’s crypto currency is the STARS token.
Mogul Productions platform is built to help content creators monetize and access financing from NFTs to upcoming film projects. Their decentralized film financing (DeFiFi) and NFT platform connects creators, movie fans, and film financiers in one space to ensure the best films get made by giving everyone a voice. It leverages blockchain technology and a tokenized system to incentivize participation and reward engagement. For the financing of films, Mogul utilizes in-app payments and utility tokens called STARS, where users vote on, greenlight and participate in key decision-making aspects of production.
“The sale of Rob Prior’s NFT is not only a testament to his talent and creativity, it showcases the power of our member base within the Mogul platform and the interest level in NFTs among our member’s in NFT’s” said Lisa Sun, president, Mogul Productions. “We will continue to feature the sale of unique NFTs within our Mogul platform alongside the funding and creation of new content that is chosen and voted on by our members.”
Rob Prior digitized the artwork as an ERC1155 NFT during a live event May 27th that was held in front of thousands of viewers and auctioned exclusively on the Mogul platform with the auction being held until May 28th. Once they digitized the art piece, Prior burned the original artwork live, forever immortalizing the newly created NFT. The painting, which is inspired by Wolf of Wall Street, features fiat money falling from the sky.