MContent raises seed capital from distinguished UAE primarily based institutional traders 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 lately accomplished its Seed funding spherical at a valuation of over $10 Mn elevating nearly $5 Mn from distinguished institutional traders within the UAE.
Most notable funding got here from Gargash Group – one of many main enterprise conglomerates within the UAE having a powerful presence inside 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 probably the most distinguished pre-seed investor in MContent. Different institutional traders taking part within the lately 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 complete “Blockchain Life” sequence. MContent grew to become the primary blockchain firm within the World to efficiently mint and market BTS NFTs which basically meant the “Behind the Scenes / Bloopers” of the whole 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 means 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 coated because the quickly to launched challenge titled “The Ripple Vs SEC Saga” has been filmed in america, 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 nicely representatives from the regulators and traders. The trailer of this upcoming thriller has already attracted hundreds of thousands of views on social media given the recognition of the topic and the standard of the manufacturing. Additionally a current trailer on the primary ever animated sequence within the crypto house titled “Alex Obtained Rekt” was launched. A manufacturing titled “The sudden rise of Binance”, that includes the CEO of one of many largest crypto buying and selling platforms, can be a product within the works that has been funded by means of the MContent Eco System.
Earlier MContent additionally introduced a “buddies”-like comedy sitcom sequence known as Wein Lambo which is at the moment being shot and produced within the metropolitan metropolis of Dubai.
In February 2022, MContent is launching the primary of its type – absolutely monetized content material consumption platform by the identify of MBrowse.The customers on the platform will obtain numerous rewards within the type of MContent’s native digital forex for his or her contributions to the platform. The native token of MContent is at the moment 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 means of NFTs which can convey audiences into an setting that’s termed because the Cineverse by the MContent Staff.
Commenting on the profitable capital elevate, 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 boost funding by means 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 can be asset-backed in construction which resolve actual world monetary problemsrather than speculation-based providing of non-utility crypto belongings or non-fungible tokens within the identify of defi& digital artwork. On behalf of the workforce, I’m grateful to our traders and companions who’ve believed within the eco system which can revolutionize the worldwide content material panorama within the years to come back.”
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Firm Identify :- MContent
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