- Cudos Network announces an agreement with HODL and new token Sator.
- HODL, a crypto-themed TV comedy series set to air in 2022.
- Sator is a new TV fan engagement token slated to launch in August 2021.
Of note, For Dear Life (FDL) token is issued by the U.S. television comedy series named Hold On For Dear Life. FDL tokens represent a pro-rata share in the net profits of the series. HODL follows the journey of a young entrepreneur launching a new blockchain project and cryptocurrency, Aveer, named after the best friend who has disappeared.
According to Cudos, its parent company Cudo Ventures has spent the past 4 years developing and scaling a global distribution of computing power. With this, cloud service providers, gamers, and miners also contribute their spare computing power to the network in return for payments in multiple different cryptocurrency options including BTC, ETH, XMR, and ALGO.
It should be noted, Cudo has successfully created a profit-making sustainable model, where anyone or business can earn from the network, like an Airbnb of computing power.
Matt Hawkins, CEO of Cudo shared his sentiments on this integration saying,
There are many industries that are eager to utilize blockchain technology for security, efficiency, and immutability reasons, but it is simply not affordable yet. The movie industry’s post-production houses need huge CPU and GPU-rich server farms to render the latest Hollywood blockbusters and the expense of buying, maintaining, and managing these environments is often what drives them to use the hyperscale clouds instead.
Furthermore, the CEO said, decentralizing these enormous workloads and placing them on service provider environments that are federated across the network provides an ideal solution not only for businesses in the movie world, but also in science, AI, and video content streaming.
Moreover, when HODL airs in 2022, Cudo will showcase their mining application, Cudo Miner, in-episode and paying out in new TV fan engagement token, SATOR. Consequently, viewers of HODL will be able to download Cudo Miner and earn SATOR tokens from their spare computing power. Apart from this, SATOR tokens can then be used to buy digital memorabilia from the series in the form of NFTs.
The HODL writer and Executive Producer, Chris Martin, also thinks that the collaboration goes even further with Cudo providing further ideas to fit into the HODL storyline.
We’re thrilled to integrate Cudo given our show’s authenticity. HODL reflects actual crypto life–all its drama and comedy. This stuff writes itself. Including real crypto brands, like Cudo, adds to show’s tapestry and truth.
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