Sequel

Sequel is an on-chain film financing platform on Base that splits a movie's revenue rights into tokens, letting audiences put money in before shooting starts. The platform's $MOVIE ties projects together: holders vote on which work receives funding and share in proceeds proportionally once a film is released.

The first participating title is the music-driven feature The Musical, which reached Sundance's selection process, a validation point on-chain financing projects rarely touch. Operationally, fundraising, budget release and revenue splits are all recorded on-chain, with producers drawing down against milestones and backers able to see how funds are used in real time. Film recoupment is slow and box-office outcomes are unevenly distributed, so token price rarely keeps pace with production progress; the platform separates voting from distribution, with votes steering allocation and payouts going only to revenue addresses registered in the contract.