Creative Vision is using Waves Enterprise technologies for its DAO platform to finance the production of high-quality horror movies
Aiming to become a powerhouse in the horror film genre, Creative Vision was searching for a platform to Incorporate functionality that allows for decentralized film creation based on community involvement and voting mechanisms.
The basic mechanism of Creative Vision DAO is the following:
Pre-production voting starts, once the minimum pre-production funding target is achieved. If a majority (or a predetermined threshold) of DAO members vote YES, the necessary funds from the DAO wallet are unlocked to pay for equipment/services. So begins the pre-production.
Production voting starts, once the pre-production is complete. If a majority (or a predetermined threshold) vote YES, additional funds are unlocked from the DAO wallet for the production phase. So begins the production.
Post-production voting starts, once the production is complete. If a majority (or a predetermined threshold) vote YES, the remaining funds for the project are unlocked from the DAO wallet for post-production. So begins the post-production.
Acceptance voting starts, once the post-production is complete. If a majority (or a predetermined threshold) vote YES, the finished product is released to the wider community and gets access to various viewing options, such as free content or pay-per-view, as determined by the DAO.
The new DAO platform includes an airdrop mechanism for the community members. The funds and decisions of the Creative Vision DAO are thoroughly protected from malicious actors. Each voting phase is transparent, so all the DAO members can monitor progress and finances.
Disputes may arise during the film creation process, so the DAO provides a conflict resolution mechanism for it. In order not to miss anything important, DAO members can provide suggestions or comments at each voting phase.
Finally, Creative Vision DAO includes a mechanism for handling projects that do not meet the funding target or get rejected at any voting phase.