Ethereum is planning its next promotional stunt to attract more investors to it
Ethereum became quite popular as one of the most popular cryptocurrencies, posing great competition to Bitcoin. At a time, when Bitcoin was the face and heart of the crypto market, Ethereum surged and became the second-largest cryptocurrency. When the world is busy adopting Bitcoin as its legal tender, Ethereum stands still being the second best, and probably soon to become the best. This increasing competition between all cryptocurrencies has led ETH to invent some of the most profitable services in the world of cryptocurrency. Since its launch in 2015, Ethereum has grown immensely and has also faced several big price swings lately, but the differentiating factor between Bitcoin and Ethereum is that the latter allows developers to build and power new tools, applications, smart contracts, and NFTs. This blockchain-based software network has many uses and applications across the tech world, especially for gaming, music, entertainment, and DeFi, making it one of the most popular and widely use cryptos in 2021. But even after this growth and development, Ethereum’s creators wish to attract more investors. Hence, they have been planning on releasing the Ethereum movie. Recently, the firm revealed that they have chosen the ‘Blade Runner’ director Ridley Scott to direct the Ethereum movie. But is there a special reason why they have specifically directed Ridley Scott?
Legendary filmmaker Ridley Scott will take the history of Ethereum to the big screen, through his own production company, Scott Free Productions. According to reports, the movie will be written and directed by Shyam Madiraju. Besides this, the film will be partially funded by a community treasurer, via a Decentralized Autonomous Organization (DAO), and with traditional funding strategies. The ETH movie is named ‘The Infinite Machine’ and is aiming to become the first mainstream feature-length film about cryptocurrency, leveraging Ethereum technology and NFTs to fund its production and turn its audience into the community. While the initial intentions of releasing the movie are quite clear, i.e., to attract more investors and grow its community, there are questions looming around the intentions of Vitalik Buterin and his team. Owing to that the ETH token is currently facing adverse downturns, is it an initiative to enhance the crypto’s growth trends, or is it to hide the fact that the ETH 2.0 upgrade is massively delayed, and the news of the first crypto movie is another step to satiate investor queries regarding the next step of the upgrade.
Ethereum’s Promotional Attempt Might Actually Add Up to its Bright Future
According to reports, Ether’s annual ROI is 300%, which means that early investors have nearly quadrupled since their first ETH investments. But crypto prices are quite volatile. Financial experts have always suggested only investing when they can afford to lose, but sometimes, investors get over-enthusiastic regarding their investments and lose millions of dollars worth of investments due to their one wrong move.
Ethereum prices are expected to rise much higher than US$4,000 by the end of 2022. If ETH developers manage to roll out the ETH 2.0 by the stipulated, along with the release of the movie, the crypto might actually become a huge hit by Q1 of 2023 and will have high chances of overtaking Bitcoin, to become the largest cryptocurrency in the world.
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