New York, New York--(Newsfile Corp. - January 27, 2022) - MBMX - Metal-Backed Money is the latest new cryptocurrency having entered the Bitmart Exchange on January 19th, 2022. It does so with an aim to meet a wider audience thanks to the launch of the first television series to be funded by a cryptocurrency. The series currently titled "Crypto" will be directed by top Hollywood writer and director Mars Callahan. Callahan's previous credits include "Poolhall Junkies" and "What Love Is" - both of which have developed huge cult followings, perfect for the counter-culture audience which is crypto.
MBMX Exchange - The People's Money
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Also on board to produce "Crypto" is Academy Award winning producer Jonathan Sanger, responsible for such major Hollywood blockbusters as "Vanilla Sky" and "Mission Impossible 2."
"Crypto" (think Billions meets Erin Brockovich), will star a female protagonist and will air on the new streaming platform VEUIT.COM., the first decentralized OTT platform built on blockchain and that will transact its economics in both fiat and cryptocurrency.
What is MBMX?
MBMX is the first, and so far, only cryptocurrency to be backed by two gold and platinum mines in Texas valued at more than 7 billion dollars, giving MBMX a unique stance in the market as one of the only cryptocurrencies backed by a tangible asset.
Launched on the Indian crypto exchange Coinsbit in August 2021, MBMX experienced a soaring rise in value reaching highs of $319 before moving to the American exchange Bitmart, where MBMX rose even further in value to over $1000.
Hollywood Gets on Board
Hollywood's involvement came about when writer/director Mars Callahan recognized not only the potential for investment in MBMX, but also a possible storyline for a new blockbuster series.
"Most cryptocurrencies are backed by code, but when I found out that MBMX was backed by gold, then I became interested," said "Crypto's" Callahan. "I'm embarrassed to say that I missed out on the big Bitcoin boom, and maybe I was dumb to miss it, but I just couldn't bring myself to invest in something that had nothing behind it. But when I found out that there was a cryptocurrency out there backed by real assets, then I finally decided to get involved, and now, ironically, it's become a major storyline in our show."