One thing the crypto market currently lacks is adoption. With the surge of smart contracts and Dapps entering the market in 2018, the blockchain industry has finally started to see projects get used. Most people love to reference the most well known Dapp, CryptoKitties. A fun game where players can collect kitties as a form of asset online and trade them between players by using real Ethereum as a base currency. The most expensive collectible cat ever sold on the platform went for $117,000 thousand USD. There are a multitude of games being developed on Ethereum, Tron, EOS, and other platform based blockchains. Some of the top ten Dapps were selected here in an article by BlockExplorer. It is 2019 now, so what can we expect moving forward?

Pickflix

Imagine this: The newest Justice League and Avengers movies have just released both on the same weekend. Reports are in and the consensus is, Marvel will do better than DC at the box office. DC fans are stirred up over these reports while twitter posts are rampant of fan-boys and gamer girls alike claiming DC will reign instead of Marvel. Finally someone chimes up and posts, “How about you put your money where your mouth is, DC or Marvel?” That is where Pickflix, a prediction driven Dapp, aims to change movie releases forever by enabling fans to “put their money where their mouth is.”

Pickflix is the first of its kind, a prediction driven Dapp launched on the Ethereum blockchain. The goal of Pickflix is to enable users to place bets on movies and how they preform at the box-office.

To do this, Pickflix will utilize protocols in order to protect users and stream line a seamless system of betting. The team behind Pickflix is GoBlock USA LLC based out of Kennesaw, Georgia. The options of playing, or betting, range from predicting opening weekend results, to predicting box office results over a longer duration, or to predicting results within a genre of movies. The set up is simple. Users use their MetaMask wallet plug-ins through the browsers (usually Chrome) and enable the MetaMask client to interact with the website by simply logging in. Once logged in, a user may transfer and purchase tokens for bets in the Pickflix platform. Here’s what happens next:

The player purchases token(s) — representing a redeemable contract — for each movie(s) they believe will provide the best payback. The more tokens purchased for a movie by all players, the better the movie will need to do at the box office to generate a positive payback. Once box office results are in, the contract will calculate a Redemption Value for each token that corresponds with the percentage of box office revenue versus other movies in the same game. — Pickflix

In the Dapp industry, gambling and prediction markets fair very well. There is a constant influx of investors wanting to gamble and put their knowledge to the test with predictions. This applies heavily with industry specific predictions. If Pickflix gains momentum, they could very well be the first Dapp to reach mass media by enabling people to “bet” on movies and show a community or consumer consensus of what movies are preferred over others.

If your movie knowledge is sharp and your Ethereum wallet is ready, subscribe here to Pickflix to receive emails about when they will be launching. If you are a developer and you are interested in the underlying code, structuring, or simply the fundamental algorithms then click here.

PickFlix utilizes Ethereum Tokens, minting and ownership contracts from OpenZeppelin library and a custom GameMaster core contract. The Token and contracts together create a new market prediction vehicle called Distribute Prediction Contract system.

Overall, the project has a good team, strong fundamentals, and is entering at the bottom of the market instead of the top like so many Dapps did in early 2018. To note, there is no token sale or any form of ICO. The application is a product of hard work and dedication to the decentralized industry. If you want to get started on your movie release date strategy, here is a great list of popular movies to be released in 2019.

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