Blockchain
PwC and MContent Announce Their Collaboration with an Experience of the Cineverse to the World
200 high profile guests were invited to a film premiere at the Beach – in the Metaverse
Dubai, United Arab Emirates–(Newsfile Corp. – February 25, 2022) – MContent has announced the arrival of the Cineverse to the world whereby they aspire to bring Cinema to people anywhere, anytime – MContent and their launch was enabled due to a collaboration with PwC Middle East emerging technology teams.
A high-end launch event was attended by notable guests at Palm Jumeirah Dubai where MContent premiered their original co-productions titled “Ripple vs. SEC Saga” and “El Salvador vs. World Bank”. The Cinema premier however was different from the norm as participants were seen glaring at the ocean sitting at a beach wearing their virtual reality (VR) headsets engaged in an immersive Cineverse experience.
Earlier in January 2022, the leading UAE conglomerate, Gargash Group, had announced a major investment in MContent, the world’s first tokenised content ecosystem that aims to revolutionise the global content landscape. Designed to convert content viewers into content owners, the first-of-its-kind platform enables crowd funding of film production and capital-intensive content creators using Cryptocurrency, NFTs and the Cineverse. The platform has already funded 11 prominent film projects across 4 continents, and now, it plans to expedite the decentralised funding deployment in content creation using the parallel Cineverse economy.
Speaking at the event, Umair Masoom, Founder and CEO of MContent, said, “The immersive cinema experience – designed in collaboration with PwC and showcased to our guests today has global scalability and mass adoption capability. By bringing the Cineverse to a global audience, MContent wants to increase funding and screening opportunities for thousands of independent film makers globally. As part of the decentralised ecosystem, MContent is launching the first-of-its-kind, fully monetised content consumption platform, aiming to drive sustainable earnings for content creators and viewers. I would like to thank our Co-Production Partners ‘Insight TV’ and ‘Villain Studios’ from Netherlands, our technical support teams in ‘PwC Middle East and PwC UK’ and our investors including ‘Gargash Group’ and ‘Daman Investments’ for helping us bring the Cineverse to life today.”
Reza Essop, PwC Middle East’s Emerging Technology Leader, believes that, “This is a brilliant example of the region’s movement towards digital transformation and is very much in line with major wider initiatives such as Dubai Vision 2030. MContent has defined a practical application of emerging technology with the convergence of blockchain, NFT and extended reality (XR). We are incredibly proud to have facilitated this effort as well as enabled this vision from concept to reality and to a sustainable commercialised economy that can benefit many as well as lead the way for other out-of-the-box efforts.”
The premier event was attended by GCC business community members, celebrities, film makers, influencers, NFT artists, movers and shakers, blockchain enthusiasts as well as some senior members of the Gargash Group who all became the first to experience the MContent Cineverse at the beach in virtual reality with two distinct original productions.
Also present at the occasion was Dr. Lamees Hamdan, leading Emirati entrepreneur and global opinion leader who recently accepted the position of Chairperson at MContent. On the vision of MContent, Dr. Lamees comments, “I love the disruptive nature of MContent, the ability of helping peoples dream become a reality. Where before there were barriers, and it was almost impossible for a small creator with big dreams to access production, studios and funding, at MContent we are giving the control back to the creators, where all of us are funding our own destiny and that is power. What we are seeing today is a manifestation of this new reality we are creating together.”
The native token of MContent is currently trading at a Market Cap of over $100 million on more than six centralised and decentralised exchanges and the platform plans to fund 100 global projects by the end of 2022.
PwC has implemented and advised organisations across all industries on virtual reality (VR), augmented reality (AR) and blockchain technology, the fundamental components of the metaverse. The firm has also invested in virtual real estate on the metaverse platform The Sandbox and uses virtual world technologies to solve business problems. Jeremy Dalton, Head of Metaverse Technologies for PwC UK, said, “We now have a more immersive way to experience virtual worlds and a transparent way to transact within them. The convergence of VR, AR and blockchain to enable the metaverse concept has created opportunities and challenges for businesses across a number of industries.”
About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 156 countries with over 295,000 people who are committed to delivering quality assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
Established in the Middle East for 40 years, PwC has 22 offices across 12 countries in the region with around 7,000 people. (www.pwc.com/me).
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2022 PwC. All rights reserved
About Gargash
Since 1918, the Gargash Group of Companies has established itself as a leading business conglomerate with a portfolio diversifying into automotive, real estate, investments, financial services and hospitality. Gargash successfully introduced leading global automotive brands into the UAE such as Mercedes-Benz, Alfa Romeo, GAC MOTOR, SIXT Rent a Car in addition to presenting an industrial line of lubricants, construction equipment and power systems. The group’s investment sector operating since 1998 provides financial services and has invested in a diversified portfolio across different industries with a global investment outreach. Gargash’s real estate sector offers its valued clients expert residential, commercial and industrial property management assistance.
For media enquiries please contact:
Somair Rizvi – Chief Operating Officer MContent
[email protected]
Tariq Naseer
[email protected]
PR Partner
ZEXPRWIRE
https://zexprwire.com/
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Blockchain
Green Technology & Sustainability Market Is Expected To Reach A Revenue Of USD 193.9 Bn By 2033, At 23.5% CAGR: Dimension Market Research
Blockchain
XChain, VARA’s Exclusive Transaction Monitoring Partner, Readies Rollout for Regional and Global VASPs
Global digital assets risk monitoring provider XChain, which has been working with Dubai’s VARA since 2022 as its exclusive forensic transaction monitoring partner, has announced the rollout of its services for institutional and retail Virtual Asset Service Providers (VASPs) in the region. The public launch of XChain’s transaction monitoring services will benefit VASPs, and eventually traditional financial institutions venturing into digital assets, offering much needed lifecycle support in areas of crypto oversight, compliance frameworks and transaction monitoring forensics.
By providing the region’s VASPs full visibility on the necessary regulatory and compliance frameworks, XChain aims to solve for key risk factors in on-chain transactions, enabling service providers to ultimately gain real-time insights into their risk metrics. XChain’s early intervention efforts will further establish a reliable and transparent monitoring foundation for VASPs, preparing them for proactive risk management as it relates to their different business models.
Haydn Jones, the newly appointed Managing Director of XChain, said: “With an increasing number of companies looking to tap into UAE’s digital assets industry, we are privileged to continue our work streamlining access to on-chain transaction risk-based analytics. It is therefore imperative for the compliance functions within VASPs to have access to the latest thinking, and we are proud to be at the forefront of blockchain forensics and asset monitoring to build a trusted and reliable framework that offers end-to-end support.”
Matthew White, CEO of VARA commented: “At VARA, we are committed to fostering innovation while ensuring robust regulatory standards for the virtual asset ecosystem. XChain’s rollout of its transaction monitoring services represents a significant step forward in enabling VASPs to operate with enhanced transparency and confidence. We are pleased to collaborate with XChain in setting new benchmarks for regulatory technology, which will not only benefit the digital asset sector but also build bridges with traditional financial institutions exploring this space.”
Building the Gold Standard in Forensic Transaction Monitoring
VARA and XChain are also working on a regulatory dashboard tool to advance the existing on-chain transaction monitoring standards for the region’s digital assets ecosystem. The dashboard, expected to be launched in beta later this year, will offer real-time on-chain data and open-source intelligence derived from VASPs, enabling such institutions, as well as TradFi and professional services companies dealing with digital assets, to integrate a unified risk monitoring tool that adheres to the gold standard in Virtual Assets Regulatory Technology.
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Blockchain
Blocks & Headlines: Today in Blockchain (Chainlink Labs, BlackRock, Fidelity, Dynamite Blockchain)
Exploring the Frontlines of Blockchain Innovation and Adoption
The blockchain industry continues to shape the future of finance, governance, and technology. Today’s briefing covers a range of key developments, from Australia’s crypto crackdown to Chainlink Labs’ expansion, Nevada’s innovative blockchain-driven electoral security, and updates on institutional Bitcoin adoption.
Australia’s Crypto Shakeup: A Looming Exodus for Blockchain Startups?
Australia’s blockchain and crypto sectors face a tumultuous period as nearly 30% of the country’s crypto-related businesses are projected to close operations by 2024. This decline follows increased regulatory scrutiny and diminishing investor confidence, as outlined in a report by KPMG.
The tightening regulatory environment has fueled debates about whether these measures protect consumers or hinder innovation. Advocates argue that clear regulations are crucial for building trust and stability in blockchain ecosystems, while critics fear they might stifle entrepreneurial spirit in the country.
This development could serve as a cautionary tale for other nations walking the fine line between fostering innovation and enforcing compliance.
Source: Cointelegraph
Breaking Down Institutional Bitcoin Adoption
Institutional adoption of Bitcoin is on the rise, marking a significant milestone for blockchain’s integration into mainstream finance. A new report reveals how companies are leveraging Bitcoin as a reserve asset, while financial giants explore Bitcoin-backed investment products to attract both retail and institutional clients.
While adoption is accelerating, barriers remain. Regulatory uncertainty, volatility, and infrastructure gaps hinder broader integration. However, with asset managers like BlackRock and Fidelity increasingly embracing Bitcoin ETFs, institutional interest appears to be solidifying the cryptocurrency’s position as “digital gold.”
This trend signifies blockchain technology’s growing legitimacy in traditional financial systems, offering a pathway for further innovation and integration.
Source: Bitcoinist
Nevada Implements Blockchain for Election Security
In a pioneering move, Nevada has integrated blockchain technology to enhance electoral security and prevent fraud. This development comes in response to a 2020 incident involving fraudulent electors, with blockchain now being used to verify the authenticity of electoral certificates and records.
The immutable and transparent nature of blockchain ensures tamper-proof data integrity, making it an ideal solution for secure electoral processes. Nevada’s initiative could serve as a model for other states and countries grappling with election integrity issues.
By leveraging blockchain for governance, Nevada showcases how this technology can go beyond finance to address critical societal challenges.
Source: 8 News Now
Dynamite Blockchain Rebrands and Charts a New Path
Dynamite Blockchain has announced a strategic rebranding initiative to align its corporate vision with emerging trends in decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise solutions. The rebranding effort includes an updated logo, a new corporate mission, and a pivot toward offering scalable blockchain solutions for businesses.
The company’s refreshed focus aims to position Dynamite Blockchain as a leader in enterprise blockchain adoption, helping organizations integrate decentralized solutions seamlessly into their existing frameworks.
This rebranding underscores the importance of adaptability in the rapidly evolving blockchain space, where staying relevant often means redefining one’s identity.
Source: GlobeNewswire
Chainlink Labs Expands to Abu Dhabi Global Market (ADGM)
Chainlink Labs, the developer of the blockchain oracle network Chainlink, has established a new presence in the Abu Dhabi Global Market (ADGM). This strategic expansion aims to tap into the Middle East’s growing blockchain ecosystem and foster collaborations with financial institutions in the region.
By entering ADGM, Chainlink Labs signals its intent to advance blockchain-powered financial solutions, with a focus on enhancing smart contract utility and adoption. The move also underscores the region’s increasing role as a hub for blockchain innovation.
This expansion reinforces Chainlink’s position as a key player in bridging on-chain and off-chain systems, further enabling the growth of decentralized applications worldwide.
Source: PR Newswire
Emerging Trends and Insights
- Regulatory Challenges: Australia’s crypto downturn reflects the broader tension between innovation and regulation, offering lessons for global blockchain players.
- Institutional Momentum: The rising adoption of Bitcoin by financial giants suggests a pivotal shift in the role of cryptocurrencies in traditional markets.
- Blockchain Beyond Finance: Nevada’s electoral security innovation highlights blockchain’s potential to address societal issues beyond financial services.
- Corporate Evolution: Dynamite Blockchain’s rebranding illustrates the industry’s emphasis on staying agile and forward-looking.
- Global Expansion: Chainlink Labs’ move into ADGM underscores the Middle East’s emergence as a critical blockchain innovation hub.
Key Takeaways
- Blockchain’s application in governance and security, as seen in Nevada, demonstrates its potential for societal transformation.
- Institutional adoption of Bitcoin is solidifying its status as a mainstream financial asset, even amid regulatory hurdles.
- Strategic rebranding efforts, such as Dynamite Blockchain’s, reflect the dynamic nature of the blockchain industry.
- Expansions into regions like the Middle East signal blockchain companies’ focus on tapping into emerging markets.
The post Blocks & Headlines: Today in Blockchain (Chainlink Labs, BlackRock, Fidelity, Dynamite Blockchain) appeared first on News, Events, Advertising Options.
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