MoviePass is making a comeback, and we’ve learned some more details about the latest incarnation of the cinema subscription service. Cofounder Stacy Spikes, who is back at the helm, says MoviePass 2.0 is being built on a Web3 framework and will have a kind of virtual currency.
Members will have credits they can use for tickets for themselves and friends. Unused credits will roll over to the next month and you’ll be able to transfer them to other people. There will be tiered plans, but Spikes didn’t divulge pricing
The new MoviePass app will show you how many credits you have and available screenings at theaters. Credits will work differently during peak and off-peak times — a Friday or Saturday showing might cost more credits. You’ll be able to reserve specific seats at some of MoviePass’ partner theaters.
Spikes said there’ll be ways for people to earn credits through…