Sui to Host the Launch of “Mogul by MoviePass,” the First On-Chain Fantasy League Dedicated to Film

The project, developed in partnership with MoviePass, is expected to go live within the next few weeks.

The upcoming launch of Mogul by MoviePass, the first on-chain fantasy league dedicated to film, will be hosted on Sui. The project, a collaboration between Mogul and MoviePass, is expected to go live within the next few weeks.

Each week, users can select a fantasy 'Mogul' team of five from a set of 20-25 actors, directors, and writers. Teams will compete based on the box office performance of the chosen Moguls. The top-performing teams at the end of the season will share a prize pool funded by MoviePass and potentially, a portion of the gas fees collected from parallel transactions on the Sui network.

The project aims to combine the excitement of fantasy leagues with the magic of cinema, offering a unique and engaging experience for crypto and film enthusiasts alike.

The integration of Mogul's fantasy league with the Sui blockchain is expected to bring several benefits. The high throughput of the Sui network will enable the nearly simultaneous processing of a large number of transactions, crucial for facilitating the parallel execution of fantasy league transactions.

Moreover, the low gas fees on Sui will keep participation costs low for users, while the support for the Move language will allow for the efficient development and deployment of smart contracts needed for the fantasy league's functionality.

The project also has the potential to introduce a new audience to crypto with the MoviePass brand, which is well-known among moviegoers.

This could lead to an increase in users on the Sui chain, further enhancing the network's utility and leading to even lower gas fees for all users.

SUI is the native token of the Sui blockchain. It is used for staking and as payment for gas fees in the Sui PoS network. The token is also required to interact with smart contracts and dApps deployed on the chain.

As of August 9, SUI is trading at $0.9654, according to crypto exchange data.