The following transcript was created using artificial intelligence. There will be some grammatical errors below.

00:00:05:01 – 00:00:14:24

Richard Carthon: Hello, everyone. Welcome to another episode of Crypto Current, your host here, Richard Carthon, and today I have a special guest all the way out in, I believe, Ontario, Canada. 

00:00:15:21 – 00:00:16:12

Gorav Seth: Toronto, Ontario. 

00:00:16:29 – 00:00:22:12

Richard Carthon: Alright. I’m looking forward to learning more about Mogul Productions. We have Gorav, how are you doing today? 

00:00:22:23 – 00:00:24:18

Gorav Seth: Good. How are you doing, Richard? 

00:00:24:20 – 00:00:36:21

Richard Carthon: Man, I’m excellent. I’m excited to learn more about Mogul Productions because it’s in a very unique spot within the film industry, which I’ll let you dive more into. But before we do that, I want to learn more about you, give us some background on yourself. 

00:00:37:07 – 00:01:12:25

Gorav Seth: Sure. I’ve been an avid fan of film and TV since a very young age. So, before I kind of started my entire corporate career, I worked in the film industry. So, I worked as a manager, a talent manager for a bunch of actors. One of them that I’d spent a lot of time and focus on was a guy named Lyriq Bent, you might recognize him from the Saw horror franchise films or The Affair, he did the Book of Negroes. He was in She’s Gotta Have It with Spike Lee, a Netflix series. 

00:01:13:17 – 00:01:14:02

Richard Carthon: Yeah.

00:01:14:04 – 00:01:43:27

Gorav Seth: He’s done a ton of stuff. And so, I did that for a number of years and then went to school for corporate finance and accounting. And I’ve been in the capital markets for about 12 years working on Bay Street, which is Canada’s Wall Street. So, you know, I was an investment banker for a bunch of years. I actually worked on taking one of the first cannabis companies public in the world.

00:01:43:29 – 00:01:45:08

Richard Carthon: Wow.

00:01:45:10 – 00:02:18:03

Gorav Seth: Tweed, which became Canopy. So, I’ve spent a bunch of years in investment banking and now I’m the Co-head of capital markets for a large independent wealth manager in Canada. So, we do mergers, acquisitions, taking companies, public, private, you know, corporate advisory, all that type of stuff. And so, I’ve been around, you know, finance and I got introduced to Blockchain back in probably 2016, 2017.

00:02:18:05 – 00:02:19:09

Richard Carthon: Good time. 

00:02:19:22 – 00:02:22:19

Gorav Seth: Yeah. So, it’s been a wild ride. 

00:02:23:09 – 00:02:46:21

Richard Carthon: No doubt, man. And it’s quite the robust background that you have, the fact you’re in finance, but then also in video production and then finding ways to kind of blend the two. And even with first being introduced into the Crypto space, like, tell us a little bit about that. Like, how did you learn about it and then, like, how did you figure out that, Wow, this is a way that I could blend like what I’m passionate about with where the future is headed?

00:02:47:24 – 00:03:24:03

Gorav Seth: So, I learned about it. I mean, I read about it, but never really paid a whole lot of attention over the years. And back in kind of 2016 or probably like 2017 where we had the last big bull run, a lot of companies were going public in the Crypto space and I started meeting a lot of companies and got introduced to that. And most of it was crap, people were just trying to take advantage of the public markets and, you know, throw Blockchain in the name of their company.

00:03:24:05 – 00:03:24:20

Richard Carthon: Right.

00:03:24:22 – 00:04:05:00

Gorav Seth: And get some crazy valuation. So, you know, I saw a lot of that stuff and started to learn. And then one of the guys that I worked with was one of the initial founding team of a project called Ciscoin and learned about it through him, and, you know, bought my first Bitcoin back then and started to trade. And I kind of went down the rabbit hole that way. That’s been pretty earth shattering, like, the company that I worked with, raised a couple of billion dollars for a number of big Crypto companies. One of them is Michael Novogratz or his company, Galaxy Digital. 

00:04:05:26 – 00:04:06:11

Richard Carthon: Yeah.

00:04:06:13 – 00:04:16:19

Gorav Seth: And so, they raised a quarter billion dollars. And another one called Hut 8, which is the world’s largest publicly traded Crypto mining company. So, one of my friends runs that.

00:04:16:21 – 00:04:17:09

Richard Carthon: Wow.

00:04:17:11 – 00:04:30:10

Gorav Seth: And a number of others. So, yeah, you know, it’s been in my face so much and, you know, the best way to learn is really just to throw money into it, because then you start to care. 

00:04:31:29 – 00:04:32:14

Richard Carthon: Right.

00:04:32:16 – 00:04:39:08

Gorav Seth: And from what it can do, I really do believe, having been on the film side and on the finance side, that this is the future. 

00:04:40:03 – 00:05:19:08

Richard Carthon: I agree. And when my eyes first got open to the Crypto, Blockchain space, I knew that this is where the world was headed, so, how can I educate myself and find ways to plug in what I’m passionate about and turning that into a career. And what’s been amazing with it is being able to meet amazing people like yourself and to educate others along the way to just show that there’s so many different elements and ways that you can get plugged into this space. And one of the coolest ways I’ve seen so far, kind of like with what you’re doing, is with Mogul Productions, how you’re helping impact the film industry in such a new and unique way. So, can you explain what Mogul Productions is and what your vision is that you’re creating? 

00:05:19:20 – 00:05:45:27

Gorav Seth: Yeah, absolutely. So, Mogul is basically a DeFi film funding and NFT platform for the entertainment space. And really the genesis of this was really born by there’s a story around the movie Deadpool. I love the movie, big Ryan Reynolds fan. But the story of how that got made is that Ryan Reynolds apparently was trying to get that movie made for years.

00:05:45:29 – 00:05:46:14

Richard Carthon: Wow.

00:05:46:16 – 00:06:02:28

Gorav Seth: And nobody paid any attention to him. And the studios all said no. People, they couldn’t fathom how an R rated action comic book film would ever resonate or do well, especially when your target market is like 15 or less, younger than that, right? 

00:06:03:10 – 00:06:03:25

Richard Carthon: Right. 

00:06:04:12 – 00:06:44:22

Gorav Seth: The tweens and all that. And what happened is he ended up making a trailer and putting it out on the net and people went crazy over it and essentially forced the studio to make the movie. And it was really that feedback loop from the fans that basically voiced what they want to see. So, kind of in that spirit, Mogul was created to essentially democratize the film funding space. So, if, you know, there’s really two kinds of groups. There’s the studios and the independent producers and financiers for film. 

00:06:45:17 – 00:07:23:15

Gorav Seth: And if you’re not a big studio like MGM or Universal, Sony, you’re a producer trying to raise money for movies. And I a lot of friends that are producers, you know, I’ve done some stuff on that side as well, and it’s very hard to raise money for movies. And then, if you’re on the other side of that stick like a wealthy person that is going to finance the movie, you really have very little basis for the diligence and kind of work that you do to be able to make a decision. I’m going to give you money to make this movie. 

00:07:24:05 – 00:07:24:20

Richard Carthon: Right.

00:07:24:22 – 00:08:20:16

Gorav Seth: So, what Mogul does is, is we accept film project submissions from a variety of different places, whether it’s, you know, people, the community, producers, film production companies. We filter those out and then put them on to our showcase. And then, our token holders, the fans, can actually vote on the film that they want to see get made, interact with the producers and the filmmakers and then Mogul finances that film. And the fans, token holders can actually follow the film all the way from financing, all the way down to distribution. And, you know, up until, you know, you see the movie on the screen and they can earn rewards and essentially be a mogul. Just like you don’t have to have 10 million dollars to be a film mogul, like, you can do it here. 

00:08:20:27 – 00:09:19:29

Gorav Seth: So, it’s really leveraging, you know,  Blockchain technology, adding a layer of transparency and accountability and really giving power back to the people. So, instead of having some guy, you know, in some office in L.A. at a studio or some independent producer trying to figure out what the market is going to want to see, you’re actually getting that feedback loop from the Crypto community and the fans. And it’s, you know, you’re starting with the end user to say, Well, what kind of films do you want to see? What type of content do you want to see get made? And, you know, through the fans and the people, we end up making those movies. And it’s great because you can actually leverage this global audience and network effect for films because it is harder and harder to really compete in that market. 

00:09:20:01 – 00:09:20:16

Richard Carthon: Right.

00:09:20:18 – 00:09:32:15

Gorav Seth: I mean, you know, there’s a gluttony of different content everywhere. I mean, you know, I said back with my wife trying to watch Netflix and, you know, we get fed up, end up watching Friends because there’s so much stuff to watch, right?

00:09:32:17 – 00:10:11:11

Richard Carthon: Right. You kind of get in this paralysis of just too many options. And there’s a couple of things that I want to definitely break down that you’ve kind of laid out, which I think is extremely unique and awesome. You’re basically saying that if you’ve ever had the dream or ambition of potentially being a producer one day, but don’t have millions of dollars to do it, through Mogul Productions, you are able to essentially become a mogul and be able to invest in some of these projects and see it from start to finish and then also be able to reap some of the rewards if it’s a success or what not. I think that’s amazing and extremely cool, but I’m definitely curious about the tokenomics of, like, how that works, right? 

00:10:11:17 – 00:10:49:02

Richard Carthon: So, is it a matter of, for example, like if someone’s listening to this right now, and is like, Oh my gosh, I’ve been looking for this my entire life, I want to be on this right now, like, what does that onboarding process look like? Like, let’s say that we get in and a person comes on and gets the tokens and they want to participate and you’re saying basically you’re able to vote on these different projects and if it moves forward, then you’re basically locked in. So, is it that only the ones that you lock into that you are able to benefit those? Or is it like, as the entire community, once it’s voted, then basically like the tokenomics is basically if it does well, then everyone does well, like, can you kind of just break that down a little bit more? 

00:10:49:13 – 00:11:08:21

Gorav Seth: Yeah. So, like, our token, which is STARS, is basically used as a NF currency on our platform. So, MogulProductions.com, we have more than 50,000 users right now and something like 30,000 members in our Telegram community. 

00:11:10:00 – 00:11:44:18

Gorav Seth: But you take the STARS token and you can use it as an NF currency within the platform, so, you can do things like vote for films, you can interact with the creators, the content creators, and, you know, we’ll put up rewards with each film. So, we actually have our first live showcase right now. So, we received hundreds of different film projects and we filtered them out because, you know, some of them aren’t really viable for us to make, right? Like, the movie needs like half a billion dollars, like, we don’t have that, right? 

00:11:44:20 – 00:11:45:05

Richard Carthon: Awesome. 

00:11:45:07 – 00:11:45:22

Richard Carthon: Right.

00:11:45:24 – 00:11:58:05

Gorav Seth: So, you know, there’s certain things that weren’t really viable for us to make. And then, there’s others that are just too early. Like, we got great projects, like amazing concepts, but the scripts weren’t done, right? 

00:11:58:14 – 00:11:58:29

Richard Carthon: Right.

00:11:59:01 – 00:13:08:12

Gorav Seth: So, you know, it was trying to filter out kind of all the noise into film, you know, projects that we think could be viable for the community and then we put them up onto our showcase that we have right now, a live showcase with three films. We’ve partnered up with a company called Bungalow out of L.A. and their offices are on the Universal Studio lot. And we have three films. One of them is called Double Row, second one’s called MR Nine, and the last one’s called Terminal Station. And we filter these projects out through hundreds of different films and we got feedback from our community and, you know, they have kind of major stars that are going to be signing on distribution deals and some of the biggest distribution or streaming companies, hint hint, in the world. And, you know, people can vote, so, by voting, like, staking your tokens and voting for the films on the platform, you can earn more tokens. So, I think we have 1,000,000 tokens that are actually being given away as rewards.

00:13:08:14 – 00:13:08:29

Richard Carthon: Wow.

00:13:09:01 – 00:13:42:04

Gorav Seth: For people voting on the projects. And once those films get made, you’ll be able  to follow everything kind of, they’ll be interviews and behind the scenes, but we also negotiate with each of these films experiences as rewards for our users. So, if you want to go spend a day on set, go to the film premiere, you know, have lunch with the director or whatever it is, you know, those are certain things that we can provide to our community. So, that’s like another added benefit. 

00:13:42:12 – 00:13:42:27

Richard Carthon: Yeah.

00:13:42:29 – 00:14:31:11

Gorav Seth: And then, dollars and cents is you participate in the profits of every single film. So, you know, that network effect of our community, those 50,000 members we have on our platform, those 30,000 Telegram, our social media. Every single person that’s sitting there and actually following along with each film based on the decision that they help kind of craft on what gets funded. Well, you know, there’s a kind of a built in audience there and people tell their friends and that grows. And the better the film does, you know, obviously, the better for the community because, you know, we all reap in the profits. So, we’ll get a chunk of the profit participation from the sale of every movie. 

00:14:31:14 – 00:14:50:23

Gorav Seth: And, you know, the thing is, like we’re focusing on smaller budget films, so sub $10,000,000. And the beauty is the films don’t necessarily even need to only make money through conventional forms like distribution, because we have a fully robust NFT platform as well, so. 

00:14:51:10 – 00:15:15:25

Richard Carthon: Right. I definitely want to spend time on that, too, because, like, that is another unique element of this, where you’re basically taking so many awesome elements that Blockchain is able to provide from participating and being able to own the community, being able to reap in the profits of the success of the movies that go through, but then also the NFT aspect of it. So, let’s definitely spend some time and learn a little bit more about that. 

00:15:16:29 – 00:15:47:24

Gorav Seth: Absolutely. And then, so, just the final thing I forgot to mention is that I think I might have started with it, but nobody in the world is doing this right now. Like, this project’s been years of us building it and we have some pretty cool things going on on the NFT side as well. So, we have a full NFT marketplace launching this September. And, you know, I’m sure your community is well aware of what NFTs are.

00:15:47:26 – 00:15:48:11

Richard Carthon: Right.

00:15:48:13 – 00:16:26:04

Gorav Seth: But the benefit there is for creatives, you know, whether they be in music or sports or entertainment, you know, acting, directing, whatever it is. You can take, you know, anything from still images to video clips to, you know, IP ownership and turn them into NFTs and create limited edition runs like collector items. I mean, you know, I remember somebody telling me years ago that selfies were the new autograph. Like when I was a kid, I used to want to go get, you know, autographs of your favorite athletes or, you know, actors, or whatever.

00:16:26:06 – 00:16:26:21

Richard Carthon: Right.

00:16:26:23 – 00:16:34:09

Gorav Seth: Well, you know, then it kind of evolved into selfies. But then I think the next kind of iteration of this now is the NFT side. 

00:16:34:22 – 00:16:35:07

Richard Carthon: Right.

00:16:35:09 – 00:17:05:16

Gorav Seth: So, we can create rare, limited edition runs on our platform. And it’s great for the filmmakers because, you know, if you’re a real fan and there’s like a cult following to a project, imagine being able to create limited edition NFTs that, you know, Stan Lee memorabilia or Star Wars, where you can get an autographed poster. You know, there’s only five that exist. What if you got, like the teaser trailer or something like the first audition tape or whatever it was from? 

00:17:05:18 – 00:17:06:03

Richard Carthon: Yeah.

00:17:06:05 – 00:17:38:26

Gorav Seth: You know, some of the cast there. And, you know, you own that NFT. Well, it’s an entirely new revenue stream for the media, like for the entertainment industry and it’s great for the token holders. And you can build things into smart contracts like, say there’s a filmmaker and he wants to make a short film, like a 20 minute short film, and it’s hard to raise money, like who’s going to give you money to make a 20 minute short film? It’s going to be tough. 

00:17:39:16 – 00:18:10:04

Gorav Seth: So, the beauty about the NFT side is that they could make an NFT out of their short film and sell 10 limited edition copies to that. They make that, they raise the money through the NFTs and they can build it within the contract like they earn 10 percent from every sale of the NFT. And say that director ends up going on to make like the next Godfather and he wins an Academy Award, well, now the secondary market for these NFTs is going to skyrocket. 

00:18:10:18 – 00:18:11:03

Richard Carthon: Right. 

00:18:11:05 – 00:18:46:04

Gorav Seth: And they’re able to make that piece of art, that 20 minute short film. They’re able to do it through the community. The community now owns these NFTs, which are increasing in value, right? Based on the career of this person. They’re benefiting as well because they can actually tap into that revenue stream every time there’s a transaction with these NFTs and it’s really eliminating the middleman, right? It’s really democratizing the process, being able to monetize their art in new forms and being able to know that this is a one of a kind kind of collector’s item, so. 

00:18:47:09 – 00:19:54:15

Richard Carthon: Yeah. Man, that is revolutionary, right? I mean, you’ve brought up plenty of examples, but I mean, even the concept of like, when you first had the Marvel series first getting kicked off and you had like, all the originals from auditions of the original Hulk to even the first Iron Man, and like, being able to just see a decade long transformation of all of that and you could have little snippets of those moments in time. Or like literally, if you bought an NFT of the Infinity Gauntlet and if they had a life sized one of one replica of that, like, you can imagine how insane like, that would have like, sold for, right? And like, being able to have those kind of marketplaces as this continues to evolve is not only going to be like, highly lucrative in a lot of new ways that these people within the video production has ways to be able to connect further with community, but also be able to monetize it. But it also opens up this compound interest effect of being able to really monetize from the previous versions of your stuff. Like, can you imagine the original Star Wars having NFTs? Just insane. Like, that would be nuts. 

00:19:55:15 – 00:20:11:04

Gorav Seth: I used to collect DVDs as a kid. I mean, I still have like, boxes and boxes of them. And then before that, when I was young, I used to collect like, hockey cards and baseball cards. And, you know, there’s been an evolution because, you know, everybody lives on these now, right? 

00:20:11:06 – 00:20:11:21

Richard Carthon: Right.

00:20:11:23 – 00:21:01:03

Gorav Seth: So, on your cell phone. And you know, our entire universe now, I think COVID has only accelerated the fact that people are living more and more in the digital world to be able to create this kind of non-fungible aspect to something and to be able to work with people directly and have them connect with their fans. I think that’s a completely different level. Like, the capital markets, like, are highly regulated, you know, taking companies public and selling stuff. There’s, you know, fraud and, you know, it’s hard to really determine what’s happening with companies operating behind closed doors. There’s a central authority. Well, on the Blockchain you can see everything.

00:21:01:05 – 00:21:01:20

Richard Carthon: Yeah.

00:21:01:22 – 00:21:07:19

Gorav Seth: And, you know, with an NFT, there’s no worry about there being a fake replica or whatever it is.

00:21:07:21 – 00:21:08:06

Richard Carthon: Right.

00:21:08:08 – 00:21:46:24

Gorav Seth: Like, case and point is back in a few months ago, he actually joined our advisory team, a guy named Rob Prior, he’s a famous Marvel artist. So, he works for all the big studios and he ended up doing a community funded painting. So, the community voted on a Wolf of Wall Street painting. So, we had this live stream and we had like half a million people from around the world tune in. You know, I think we were streaming, you know, not only on like, YouTube and our kind of platform, but also on this other platform, Loma Teef, which is like a tick competitor in Asia. 

00:21:47:17 – 00:22:15:20

Gorav Seth: And we had half a million people tuning into this thing. And this guy’s art typically sells for let’s call it 15 to $25,000. You know, he’s an amazing artist, he paints with two hands. Oh, we were able to market this NFT, so, he basically, we live streamed him creating this Wolf of Wall Street painting in real time, painted it right in front of our eyes and then we turned it into NFT and then burned the original copy. 

00:22:16:06 – 00:22:16:21

Richard Carthon: Wow.

00:22:16:23 – 00:22:22:22

Gorav Seth: So, that piece of art only lived on an NFT and we sold that for just under $200,000. 

00:22:23:02 – 00:22:23:17

Richard Carthon: Wow.

00:22:23:19 – 00:23:03:18

Gorav Seth: So, we beat like Snoop Dogg, we beat Floyd Mayweather, we beat all these like, pretty notable personalities, public personalities with our NFT. And I think that’s kind of the value and the benefit to NFTs. I mean, this guy never even knew that, you know, there was this kind of world there and he’s 100 percent in doing a lot of really cool stuff. His art is being appreciated by an entire new and a global community. And I thought it was really cool. So, we have this marketplace launching in September and we’re going to be doing a whole lot more of that. 

00:23:04:24 – 00:23:05:09

Richard Carthon: Definitely. 

00:23:05:11 – 00:23:27:13

Gorav Seth: But it’s in the same vein from the films like, we can create NFTs that are clips out of a movie, out of a trailer. You know, we could just do, you know, talent, whatever it is, any field coming onto our platform. And I’m super, super excited. Like, I’ve been in both worlds and I’ve never seen anything like what DeFi is.

00:23:27:15 – 00:23:28:00

Richard Carthon: Right.

00:23:28:02 – 00:23:34:14

Gorav Seth: Being able to stake your tokens or rewards, you know, trade NFTs. It’s very, very cool. 

00:23:35:02 – 00:24:09:29

Richard Carthon: It is. And I want to spend a couple more moments on that just real quick, because what I think artists are starting to realize is the impact of the globalization, of how quickly they are able to create something of their art that they would typically have, but instead of living in an art room, having limited access of people who would actually ever see it and be able to purchase it and it being a one time transaction, now you are putting this on Blockchain. Now you’re giving more access to the world to be able to see what you have created. And then, also you’re able to make compound money every time it’s resold. Like, it’s just, it’s not comparable. Like, why wouldn’t you do it as an artist, right? 

00:24:10:02 – 00:24:55:03

Richard Carthon: And a lot of artists as they start to see how this works, are pretty much, like you said, are going all in on this type of concept, because not only does it logically make more sense, but it fiscally makes more dollar sense for them. So, I think that’s going to be extremely unique. I think it’s going to be very powerful and it’s going to be very appetizing to a lot of people who are learning about it. But on that same vein, I do have a question since I do have a video production specialist amongst us, where do you see the future of this industry going? So, of course, you’re the first mover into turning a lot of this into Blockchain, DeFi, NFTs, all of that, but as we kind of transform into the next, let’s call it three to five years, do you think that the industry is also going to start to slowly move in this direction? 

00:24:55:28 – 00:25:15:19

Gorav Seth: Yeah. I think, you know, the biggest problem with the entire Blockchain and Crypto side is that not everybody understands it and it seems a lot more dense and complicated than it actually is. And I can tell you, the way that I learned was through friends and going on YouTube videos and just screwing around with, you know, on my own. 

00:25:17:02 – 00:25:17:17

Richard Carthon: Right.

00:25:17:19 – 00:25:33:17

Gorav Seth: So, I think one of the biggest challenges that we’ve had is just trying to educate people to say, like, what it is, right? That like you’re going to give us, you know, you’re going to help finance movies with fake Internet money, like, no, fake Internet money is real money.

00:25:34:06 – 00:25:34:21

Richard Carthon: Right.

00:25:34:23 – 00:26:01:10

Gorav Seth: And we can do that. And they’re like, well, what’s an NFT? And you know, and then, a lot of it is education, because it’s a lot of the practices that have been kind of doing the same thing for so long. But I do think that the industry is hurting in many respects. I mean, you saw that with the music industry, you know, before with Napster and that kind of evolution from CDs to streaming. 

00:26:01:23 – 00:26:02:08

Richard Carthon: Right. 

00:26:02:15 – 00:26:40:28

Gorav Seth: And you’re seeing the same thing with just like, it used to be difficult to make a movie, right? Anybody could make a movie or like, anybody with a lot of money could make a movie because it’s expensive, you have to get the cameras and the lighting and you’d have to go and distribute, and do all the stuff. But now everybody has like, a video camera on their phone and, you know, the cost of all the equipment to make movies has gone down substantially. So, the result is you have so much content to media and so many different platforms for people to consume them. And that star system that we used to have isn’t as prevalent as it used to be. 

00:26:41:13 – 00:27:04:27

Gorav Seth: So, I think the industry, in an effort to try to reconnect directly, especially from the artists themselves, the filmmakers, the content creators, to be able to distribute something. Like, we have a partnership with IAOZ, which provides us the ability to distribute the films on the Blockchain. It’s a much cheaper, faster way than conventional forms without having to give away 50 percent of your profit.

00:27:04:29 – 00:27:05:16

Richard Carthon: Right.

00:27:05:18 – 00:27:42:22

Gorav Seth: You know, you’re paying fractions, you know, fractions of that. And, you know, all those things are extremely beneficial. So, you’re seeing I think I read the other day there was a movie, an Ethereum movie where they raised several million bucks in a few days by literally going into, you know, into the Telegram community and educating them. And people voted and voted with their wallets and now that movie’s getting made. And I think as more and more people start seeing the potential and opportunities, they’re going to jump on the bandwagon. But a lot of it is education. 

00:27:43:05 – 00:28:00:09

Gorav Seth: So, you know, we have some really great people on our team. And, you know, it was an educational kind of aspect to get them on board. And then, you know, when they talk to their contacts, like, we have an Oscar, an Emmy nominated producer, Cindy Cowan, she did Traffic, if you remember the movie Traffic. 

00:28:01:12 – 00:28:01:27

Richard Carthon: Yeah.

00:28:01:29 – 00:28:35:04

Gorav Seth: So, she’s on our team and she has a great rolodex and she’s talking to people, but it’s having to educate them on, you know, what our platform is, where this community lives, how they work, how it’s important to interact with them and the entire process of how all this stuff works. And then, you know, the one step after that is really the concept of NFTs and how that can apply to them. So, I think it’s going to take time. You know, they always say like an overnight success in Hollywood is 10 years.

00:28:35:06 – 00:28:37:08

Richard Carthon: Ten years, 10 year, overnight success, right? 

00:28:37:16 – 00:28:41:22

Gorav Seth: And the Crypto community like, a month is eternity, right? 

00:28:41:24 – 00:28:42:09

Richard Carthon: Yeah.

00:28:42:11 – 00:29:23:27

Gorav Seth: So, we’re running, it’s a 24/7 kind of business here. And we’re working with a lot of people that we know, you know, the great things we’ve been working on this platform for the last few years. So, I think it’s going to transform the space. I’m sure more people will start following suit. You know, we’re the first ones right now and I can guarantee you we’re not the last. But I do think we have first mover advantage and this kind of DeFi film funding showcase that we have up right now, I think the vote ends in like a week and a half is going to be the first time a film is ever funded by the fans, like, using this DeFi platform. 

00:29:23:29 – 00:29:24:14

Richard Carthon: Right.

00:29:24:16 – 00:29:37:07

Gorav Seth: So, one way or the other, I think we’re making history here. But I don’t think this is the last you’re going to see of it, it’s going to become more and more prevalent. Like, look at the news every day, new artists, new actors, new studios. 

00:29:39:12 – 00:30:06:13

Richard Carthon: Yeah. I mean, it’s incredible and like, you’re definitely breaking history and congratulations on doing that, having that first mover. I know it’s a lot of years in the making to be able to get to this point, but it’s exciting that you’re now getting to share it with the community. And, of course, for everyone listening, make sure you go check this out, especially me myself, I’m personally interested in this, so, I know I’m going to be looking into this. The fact that I’d be able to invest in a potential movie, it sounds incredible. So, highly excited to go and check that out, man. 

00:30:06:15 – 00:30:25:06

Richard Carthon: But, you know, as we kind of wrap up here, Gorav, I always like to ask two final questions, which are the first being, if you could take all the information that you have right now and you go back to yourself when you first got started kind of in the Crypto, Blockchain side of your career, and can impart two to three pieces of wisdom to yourself, what would you tell yourself? 

00:30:26:12 – 00:30:38:01

Gorav Seth: I think the first thing is because it’s such a new kind of nascent industry and like so much stuff going on, I think it’s important. Well, first would have obviously been hoddle, right? 

00:30:38:16 – 00:30:39:28

Richard Carthon: Yeah, definitely. 

00:30:41:29 – 00:31:45:29

Gorav Seth: But I think one of the things would be just to learn as much as possible and to kind of walk before you run. Like, I end up doing a lot of dumb stuff, you know, with security in terms of how to keep your wallet secure, you know, not putting your password in, you know, like your Dropbox and like, dumb stuff like that and then trading and, you know, margining, stuff like crazy. So, I think and I said I didn’t know a lot of this stuff, too, like, I learned something new and then I’d jump on it. And, you know, when things are going well, it’s kind of easy for everybody to make money, but when you go back into like a bear market, when things are not going all that well, like, you have to be extra vigilant. So, I think if I could go back, I’d definitely be just hoddling and then kind of walking before running and trying to learn as much as possible because everything’s out there, right?

00:31:46:01 – 00:31:46:16

Richard Carthon: Yeah.

00:31:46:18 – 00:31:47:23

Gorav Seth: You just need to spend the time to do it. 

00:31:48:13 – 00:32:21:28

Richard Carthon: I agree. And that goes back to your earlier point that you were making about how even in this industry, education is highly important. And once you can help someone see the vision of what’s actually happening and then give them the tools that they can go and act on it, it’s easier for them to walk and then go into a sprint with having the right tools, so, they don’t have to fall on their face like a lot of us have along the way. Not to say that they still won’t or have some little hiccups here and there, but it at least gives them a lot more ability to move faster through this market. But, you know, I really appreciate all the time you’ve spent with us today. But what is the final thought that you want to leave with all of our listeners? 

00:32:22:22 – 00:33:02:01

Gorav Seth: I think, yeah, I think do your research, check out Mogul Productions. And I’m really excited about it and, you know, the people that we have involved in our team are, I think, really great, incredible people with amazing track records. I think there’s a lot of nefarious stuff out there and I think you need to do your research and your homework before you get into anything. So, I kind of urge you to do the same on us as you would on any other project that you’re going to take your kind of hard earned Crypto or easier on Crypto and invest to. But I think yeah, educate yourself before you do anything. 

00:33:03:06 – 00:33:35:27

Gorav Seth: If you want to be a part of the entertainment or film industry and really help democratize and revolutionize, then I think Mogul’s a really great opportunity. You know, we’ll be giving you guys access to interact with the filmmakers and the producers themselves. And, you know, we’re all there on Telegram, we’re just a message away. And I think check us out and do your research because I’m super excited. I don’t need to be here, but I’m here because I choose to and I want to be a part of this ride. 

00:33:35:29 – 00:33:59:27

Richard Carthon: That’s awesome. And I think that’s a great final thought of you’re choosing to be here, right? And you’re choosing to be able to give access to everyone to be able to participate in an opportunity like this. Everyone who’s listening right now, you’re choosing to listen to this, you’re choosing to take that next step and learning about a new opportunity, and then you then make the choice to move forward on it if you want to. So, thank you for that final thought. What are ways that people can connect with you and learn more about Mogul? 

00:34:00:15 – 00:34:47:03

Gorav Seth: You can go on obviously our website, MogulProductions.com or Telegram, which is the kind of main place where a lot of Crypto happens. So, we have an official Telegram channel and, you know, we’re on Twitter and kind of all the social media channels. And just hit us up, we’re there, somebody from the team community will talk to you if you have any questions. And we’re there, we’re kind of running and trying to make inroads into as many different places within the entertainment industry and I think, you know, more to come. Just wait and see, we got some pretty cool announcements, celebrities, partnerships, all that. 

00:34:47:29 – 00:34:55:16

Richard Carthon: No doubt. Well, thank you for sharing all that with us. Everyone listening, make sure you go check all of that out. And of course, for everyone listening, Stay Crypto Current.