Huobi Launched the First Web3 Cinema to Lead the Construction of the Metaverse Ecosystem

Singapore –News Direct– Huobi

On January 13th, Huobi announced that it had reached a deep cooperation with EVT protocol and launched the world’s first Web 3.0 cinema, which was called Web3 Cinema in the Huobi App. The film “The Uncle Victory” of EVT premiered simultaneously, and Huobi users could watch it online after paying with HT/NEW/USDT at 12:00 (UTC) on January 17th. Huobi also became the first platform in the industry to launch Web3 Cinema, its metaverse ecosystem was more rich and diversified, and the global Web 3.0 portal construction made significant progress.

Huobi launched the first Web3 cinema to reshape the film industry

EVT (Encrypted Variable Token) is a new token standard proposed by Newton Core Team and first implemented in Newton’s (NEW) major network. The main features are the ability to support encryption and evolution of data, support multiple media formats, which can be used to distribute films, TV series, music, documents, etc., and establish a brand new token-based economic model. Shortly, EVT will be coupled with decentralized storage, streaming media, network acceleration, and other technologies to form a new project that will let the data be assetization, and the user has the data become a reality, which can facilitate the transaction.

Huobi Web3 Cinema is supported by the Newton chain EVT protocol, supports the broadcast of movies and TV series, and displays information related to movies and TV series. Users can get movie tickets by paying HT/NEW/USDT. Just like watching movies in offline cinemas, users need to check tickets to watch movies. After finding the corresponding movie ticket through the Huobi App entrance, users can check the expiration date of the viewing through the ticket. Users can also view information such as contract address, token ID, contract standard, holders, and copyright protection of movies through the EVT protocol.

At the same time, Huobi Web3 Cinema will officially launch the film “The Uncle Victory” of EVT at 20:00 on December 29th, which is reportedly directed by Zhang Meng and starring famous actors such as Huang Haibo and Zhang Xinyi, and was nominated for the Jury Award and the Best Film at the 17th SIFF Golden Goblet Awards. At Huobi Web3 Cinema, newly registered users can watch the film for free, while old users can watch it after paying through HT/NEW/USDT. When a user’s HT/NEW position reaches a certain standard, they can also get a free movie ticket.

The metaverse system of Huobi is becoming more sophisticated, and HT is continuously empowered

With the rise of Web 3.0 and the metaverse concept, many classic film and TV works related to the metaverse have been born in recent years. The film and TV industry has not only added the metaverse to the subject matter content, but also started integrating the metaverse concept in the market operation. EVT has become a new platform for many companies to derive film and TV IP content. This emerging model is becoming a major entry point for the film and TV industry to lay out metaverse digital content.

EVT is at the beginning of the golden age of digital cinema. Film EVT proves that this innovative technological structure can support widespread global distribution while also returning value to its producers and users through ticket resale and rights management. Film EVT holders will own distribution, commercial design creative, and resale rights.

The launch of Web 3.0 Cinema is also one of Huobi’s initiatives to empower HT. His Excellency Justin Sun, Huobi’s global advisory board member, had proposed to continue vigorously empowering HT and giving more ownership back to the community. HT will also play an important role in providing the best quality EVT technology services to Huobi users. In the future, as long as you hold a certain amount of HT, you can watch videos on the chain for free in the Huobi App. Recently, Huobi strengthened the role of HT in the Huobi ecosystem through various initiatives, including the adoption of HT voting in PrimeVote, HT as the only token to subscribe to DMC, etc.

About Huobi Group

As a world-leading company in the blockchain industry, Huobi Group was founded in 2013 with a mission to make breakthroughs in core blockchain technology and integration blockchain technology with other industries. Huobi Group has expanded into public blockchains, digital assets trading, wallets, mining pools, proprietary investments, incubation, digital asset research, and more. Huobi Group has established a global digital economy industry ecosystem by investing in over 60 upstream and downstream companies in the blockchain industry.