Who’s Who In Crypto: Head of Business Development for Mogul Productions, Jake Fraser
Since the dawn of modern movies, and even before with live plays and productions, there was only one way for producers and creators of these pieces to raise funds, they pitched, they hoped, and they prayed the audience would come and watch.
Now, these producers and creators have new ways of raising funds, monetising their work and those who support them have a way to directly participate in the industry, not only to fund the films but also earn a slice of the revenue.
CryptoVista spoke with Jake Fraser, Head of Business Development for Mogul Productions, an NFT marketplace that’s all about Hollywood, helping creators get movies made, and giving fans better collectables.
What are your priorities for the next 12 months?
Developing the Mogul platform to scale our users and partners across film and entertainment. We are working to bring more films, festivals and talent into our pipeline to create new NFTs and finance productions.
We are also focusing on new exchange listings, driving utility for our STARS token and developing strategic/technical partnerships with other individuals and companies.
What does crypto and NFTs mean to you, and what drew you to it?
What initially drew me into Crypto was the problems that it helps solve in comparison to traditional markets such as inefficiencies, transparency, privacy, speed and security. NFTs provide the ability to tokenize almost anything and this is really exciting in regards to providing a true sense of ownership over an asset and then having the ability to attach a lot of utility to bring people closer to the action in ways that were not previously thought possible.
What is your long-term view of crypto and NFTs?
My personal long-term view for Crypto is that the global market cap will be 10 times larger to over $20T. Bitcoin will overtake gold and smart contracts will infiltrate most industries as standard practice.
For NFTs, I believe most companies will have to implement an NFT strategy as a way to keep their clients/customers/community engaged and drive revenue. Similar to how social media was initially only adopted by a few progressive companies early on and now almost every business has someone that runs their social media and it is considered an important part of their strategy.
What advice would you give people investing in the space, either crypto or NFTs (or looking to invest for the first time)?
Obviously, I’m not a financial advisor although I personally think it is important to find a certain niche that you’re interested in and read a lot about it. Read the white paper and get your information from a variety of different sources to ultimately make your own judgement. It depends on your risk tolerance, for example going with bigger caps vs smaller caps. Generally time in the market is safer than trying to time the market. It is good to diversify too.
In regards to NFTs, some things to look for to see if a project has potential are; diving into their Discord and Twitter community to see the levels of engagement and excitement for the release, looking at the project road map to see if there is anything unique via different forms of utility and providing longterm value for the holders and last but not least, do your diligence on the team behind it – are they doxxed? Do they have experience in NFTs/Crypto?
How do you feel about the way the world is regulating crypto?
I think for the most part, it is a positive thing. Regulation will also drive more adoption from both retail and institutions as they will feel more confident to get involved in the industry. It is assuring that most governments are trying to figure out ways to work with crypto as opposed to against it.
