A new Decentralized Autonomous Organization (DAO) has been established with the goal of buying the Blockbuster brand from Dish Network and turning it into a movie studio and streaming platform.

Blockbuster Video is an American video rental company founded in 1985. Before closing almost all of its businesses in 2014, it had 6,000 stores worldwide with a valuation of more than US$8 billion.It is currently operated by Dish Network and Operating Only one store in Bend, Oregon.

The DAO that is interested in “liberating” Blockbuster from the Dish Network is the aptly named BlockbusterDAO. The DAO explained in a statement on December 26 tweet It plans to raise at least US$5 million through the Blockbuster DAO NFT minting event to mobilize grassroots forces to purchase Blockbuster. The value of each NFT is 0.13 ETH.

BlockbusterDAO plans to turn Blockbuster into a decentralized movie (Take off) Streaming media studio. DeFilm is an experiment launched in July, and it proposes to “really make a movie that makes decisions on the blockchain.” ‘Block’ buster seems to be an appropriate name for such a project.

Our mission is to liberate Blockbuster and form a DAO to jointly manage the brand, because we have built Blockbuster into the first ever DeFilm streaming platform and the mainstay of the Web3 brand and products, as well as the future powerhouse of the film industry.read

— BlockbusterDAO (,) (@BlockbusterDAO) December 26, 2021

The DAO currently consists of about 9,000 netizens on Twitter and a Discord server who discuss how the DAO achieves its goals.

BlockbusterDAO seems to be taking advantage of the social media-led revival of game cessation and the desire of AMC and other memestock brands, while following a similar path established by the Constitutional DAO (PEOPLE) more than a month ago. The Constitution DAO aims to purchase the original Constitution of the United States of America from the Dorothy Taper Goldman Sachs Foundation through auction.

Constitution DAO final Failed to achieve its goal On November 19, hedge fund manager Kenneth Griffin purchased the copy at a Sotheby’s auction for a total of $43.2 million. After the auction ends, DAO will provide a full refund to any donor. Those who did not accept the refund kept their PEOPLE tokens.

related: Constitutional DAO: With the launch of the new “We The People” token, the price of PEOPLE has increased by 200%

Just over a month later, on December 23, PEOPLE Binance Its current trading price is approximately $0.11.

The Constitution DAO team has shown its support for the work of BlockbusterDAO in the following ways Tweet December 27:

“Please bring back the bombshell, @netflix It’s been too long to check. “