
Stacy Spikes, the founder of MoviePass, announced on Thursday that the defunct service will relaunch this summer “powered by web3 technology.”
The subscription movie ticket service, which is best known for bleeding more than $100 million in a single quarter and filing for bankruptcy in 2020, is rebranding into a crypto-powered “end-to-end cinematic marketplace.” At this point, details such as pricing have not been released.