BlockbusterDAO is the most recent investment DAO to hit the headlines.

This decentralized organization seeks to raise a full $5 million just to buy the rights to the Blockbuster brand, which is now defunct. The DAO wants to gather the funds through NFT sales to purchase the Blockbuster brand from Dish Network.

As of 2021, just one blockbuster store has been open and still functioning worldwide. DAO revealed its plans to “turn Blockbuster into the first ever DeFilm streaming platform and a mainstay of both the Web3 brands and products.”

Already, $1.8 million has been tabled before Dish Network for the brand; however, the DAO hopes to exceed this by offering $5 million.

No one knows if this is another attempt to bump stock prices, just like the AMC/GameStop incident? Only time will tell. Let’s keep our fingers crossed.

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