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MContent raises seed capital from distinguished UAE primarily based institutional buyers at a $10 Mn pre-money valuation
Dubai, United Arab Emirates–(Newsfile Corp. – January 29, 2022) – Launched in July 2021, MContent is an eco-system that permits crowd funding of movie manufacturing and capital-intensive content material creators utilizing Cryptocurrency and NFTs. Since July, the platform has now funded 11 distinguished movie tasks throughout 4 continents of the World. The corporate has not too long ago accomplished its Seed funding spherical at a valuation of over $10 Mn elevating virtually $5 Mn from distinguished institutional buyers within the UAE.
Most notable funding got here from Gargash Group – one of many main enterprise conglomerates within the UAE having a robust presence throughout the automotive, actual property and monetary companies sectors. Daman Investments, which is amongst the main non-banking monetary companies entities within the area was the lead advisor and essentially the most distinguished pre-seed investor in MContent. Different institutional buyers collaborating within the not too long ago concluded spherical included DIFC primarily based agency Fiducia Capital in addition to Planet N Investments from the UK (a world fintech startup funding fund).
MContent has already funded 11 manufacturing tasks together with a documentary movie on El Salvador’s Bitcoin Revolution. The movie is ready to be launched on Perception TV subsequent month, a world factual leisure platform headquartered within the Netherlands that has entry to 200 Mn Households. Thereafter, MContent additionally partnered with Perception TV to co-produce a whole “Blockchain Life” collection. MContent turned the primary blockchain firm within the World to efficiently mint and market BTS NFTs which basically meant the “Behind the Scenes / Bloopers” of your entire movie minted as unique entry NFTs on the blockchain.
The impartial movie makers who’ve efficiently acquired funding for his or her movie tasks by way of MContent are scattered throughout 4 continents of the World together with efficiently concluded tasks in markets like South America, Africa and South-East Asia. The biggest markets are additionally absolutely lined because the quickly to launched mission titled “The Ripple Vs SEC Saga” has been filmed in the US, a documentary on the most important case within the historical past of crypto that includes distinguished people associated to the case like John Deaton & Ben Armstrong as properly representatives from the regulators and buyers. The trailer of this upcoming thriller has already attracted tens of millions of views on social media given the recognition of the topic and the standard of the manufacturing. Additionally a latest trailer on the primary ever animated collection within the crypto area titled “Alex Acquired Rekt” was launched. A manufacturing titled “The surprising rise of Binance”, that includes the CEO of one of many largest crypto buying and selling platforms, can also be a product within the works that has been funded by way of the MContent Eco System.
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Earlier MContent additionally introduced a “buddies”-like comedy sitcom collection referred to as Wein Lambo which is presently being shot and produced within the metropolitan metropolis of Dubai.
In February 2022, MContent is launching the primary of its form – absolutely monetized content material consumption platform by the identify of MBrowse.The customers on the platform will obtain varied rewards within the type of MContent’s native digital forex for his or her contributions to the platform. The native token of MContent is presently buying and selling at a Marketcap of $28Mn on greater than 6 centralized and decentralized exchanges.
MContent has additionally entered the metaverse and are about to launch unique VR screening tickets for his or her upcoming movie launches by way of NFTs which can convey audiences into an surroundings that’s termed because the Cineverse by the MContent Workforce.
Commenting on the profitable capital increase, Umair Masoom, Founding father of MContent stated that “The impartial movie makers and content material creators throughout the globe have at all times struggled to lift funding by way of a structured platform & MContent has efficiently championed a scalable answer to fill this hole. The actual energy of the blockchain expertise, tokenization and NFTs lies in use circumstances which might be asset-backed in construction which resolve actual world monetary problemsrather than speculation-based providing of non-utility crypto property or non-fungible tokens within the identify of defi& digital artwork. On behalf of the group, I’m grateful to our buyers and companions who’ve believed within the eco system which can revolutionize the worldwide content material panorama within the years to come back.”
www.mcontent.net
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To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/112065
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