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The World’s 1st Blockchain & NFT Backed Film Crowd Funding Platform MContent Secures $5 Mn in Seed Round Led by Gargash Group & Other Investors

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MContent raises seed capital from prominent UAE based institutional investors at a $10 Mn pre-money valuation

Dubai, United Arab Emirates–(Newsfile Corp. – January 27, 2022) – Launched in July 2021, MContent is an eco-system that enables crowd funding of film production and capital-intensive content creators using Cryptocurrency and NFTs. Since July, the platform has now funded 11 prominent film projects across four continents of the World. The company has recently completed its Seed funding round at a valuation of over $10 Mn raising almost $5 Mn from prominent institutional investors in the UAE.

Figure 1: The World’s 1st Blockchain and NFT Backed Film CrowdFunding Platform secures $5 Mn in seed round led by Gargash Group and other investors

The most notable investment came from Gargash Group – one of the leading business conglomerates in UAE, having a strong presence within the automotive, real estate and financial services sectors. Daman Investments, which is amongst the leading non-banking financial services entities in the region; was the lead advisor and the most prominent pre-seed investor in MContent. Other institutional investors participating in the recently concluded round included DIFC based firm Fiducia Capital as well as Planet N Investments from UK (a global fintech startup investment fund).

MContent has already funded 11 production projects including the extremely popular documentary film on the El Savador’s Bitcoin Revolution. The film is set to be released on Insight TV next month, a global factual entertainment platform headquartered in Netherlands that has access to 200 Mn Households. Thereafter, MContent also partnered with Insight TV to co-produce an entire “Blockchain Life” series which is already sought after within the leading OTT platforms of the World. MContent became the first blockchain company in the World to successfully mint and market BTS NFTs which essentially meant the “Behind the Scenes / Bloopers” of the entire film minted as exclusive access NFTs on the blockchain.

The independent film makers who have successfully acquired funding for their film projects through MContent are scattered across four continents of the World including successfully concluded projects in deserving markets like South America, Africa and South-East Asia. The largest markets are also fully covered as the soon to release project titled, “The Ripple Vs SEC Saga” has been filmed in the United States – a documentary on the biggest case in the history of crypto, featuring prominent individuals related to the case like John Deaton & Ben Armstrong, as well representatives from the regulators and investors. The trailer of this upcoming thriller has already attracted millions of views on social media given the popularity of the subject and the quality of the production. Also a recent trailer on the first ever animated series in the crypto space titled “Alex Got Rekt” has got audiences waiting for another blockbuster release by MContent. A production titled “The unexpected rise of Binance,” featuring the CEO of one of the biggest crypto trading platforms is also a popular product in the works that has been funded through the MContent Eco System.

Earlier MContent also announced a “friends”-like comedy sitcom series called Wein Lambo which is being currently shot and produced in the metropolitan city of Dubai.

Figure 2: In the above picture: Founding members of MContent

In February 2022, MContent is launching the first of its kind – fully monetized content consumption platform by the name of MBrowse in order to encourage hyper inflated earnings for content creators as well as viewers. The users on the platform will receive various rewards in the form of MContent’s native digital currency for their contributions to the platform. The native token of MContent is currently trading at a Marketcap of $28 Mn on more than 6 centralized and decentralized exchanges.

MContent has also entered the metaverse and is about to launch exclusive VR screening tickets for their upcoming film launches through NFTs which will bring audiences into an environment that is termed as the Cineverse by the MContent Team.

Commenting on the successful capital raise, Umair Masoom, Founder of MContent said that, “The independent film makers and content creators across the globe have always struggled to raise funding through a structured platform & MContent has successfully championed a scalable solution to fill this gap. The real power of the blockchain technology, tokenization and NFTs lies in use cases that are asset-backed in structure, which solve real world financial problems rather than speculation-based offering of non-utility crypto assets or non-fungible tokens in the name of defi & digital art. On behalf of the team, I am grateful to our investors and partners who have believed in the eco system which will revolutionize the global content landscape in the years to come.”

www.mcontent.net

https://twitter.com/MContent

Media Contact

Company Name :- MContent
Email Id :- [email protected]
Company Website :- https://www.mcontent.net/

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ZEXPRWIRE
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111862

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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