A TV comedy series is touting itself as the first to be financed by and set in the world of crypto currency

Deadline

Hold on for Dear Life, from Castle production company Beacon Pictures, follows a young tech founder as she launches a token named after her best friend who disappeared. Hold on for Dear Life "is being developed as a ten-part series with principal photography set to commence in August in Puerto Rico," reports Deadline's Peter White. "The show is being financed using blockchain technology – it will 'tokenize' portions of its profits into a cryptocurrency token, built on Ethereum, a technology that is essentially digital money, allowing investors to receive pro rata net profits from the series directly into their digital wallets. It will also mint non-fungible tokens (NFT) – one of the most buzzed about new technologies among digital investors – and will look to release an entire episode as an NFT."