Connect with us



Blockbuster to Enter Crypto and NFT Space

The once famous video rental chain is now owned by Dish Network, has announced plans to enter the NFT and Crypto scene.

Photo by Buddy Mays / Alamy Stock Photo

Blockbuster, which was once a unanimously famous chain of video and movie rental stores, has officially filed for a trademark application with the US Patent and Trademark Office, highlighting its cryptocurrency ambitions.

Per the filing, the company has plans to issue a token that will allow users to “receive, accept, view, buy, sell, and trade” NFTs.

Besides that, Blockbuster apparently has plans pertaining to the offering of entertainment based on what is described as “metaversal experiences”.

Back in the day, Blockbuster was a major chain, comprising over 9,000 physical stores, and became a giant in the VHS rental market back in the 90s. Then, in 2000, they raked in $800 million from late fees alone, thanks to valuation hitting billions of dollars. In the same year, Reed Hastings, the CEO of Netflix, made Blockbuster a partnership offer with the objective to expand their presence.

This didn’t bode well, as he was apparently “laughed out of the room.” Of course, the rest, as they say, is history. In 2010, Blockbuster went bankrupt, but Netflix saw success in streaming, becoming a titan in the industry worth $166 billion.

As of right now, Blockbuster is owned by Dish Network, a TV Company that recently announced a partnership with Cardano Input Output.

There is but one last remaining Blockbuster store in Bend, Oregon, which is now famous for tourist attraction in recent years, gaining massive international fame and recognition in the process.

Suffice it to say, the NFT craze is in full swing at the moment, with massive companies like Walmart and even YouTube making a move on them.


Trending Articles




The company's COO made a heartfelt Twitter thread thanking the company for her time there, and has confirmed she's moving onto something bigger and...


BitOasis finds itself under the wing of the UAE's new crypto regulator.


The Will Smith Inu is currently experiencing a surge, but will it last?


Bank Leumi, one of the 2 largest banks in all of Israel, is all set to enable the holding, buying, and selling of cryptocurrency.

Blockwatch is a news and information site on crypto, digital assets, NFTs, crypto investing, and the future of money. Blockwatch is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Blockwatch is an independent operating subsidiary of Ubiquitous, Inc, which invests in cryptocurrencies and blockchain startups.

Copyright © 2022 Blockwatch™ Media, Inc. Blockwatch™ Media is a Ubiquitous company. All rights reserved.