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Blockchain & NFT Backed Film Crowd Funding Platform MContent Raises $5 Mn in Seed Round Led by Gargash Group & Others

MContent raises seed capital with a $ 10 million pre-valuation from a prominent institutional investor based in the United Arab Emirates.

United Arab Emirates, Dubai-(Newsfile Corp.-January 29, 2022)-Launched in July 2021, MContent is a cloud of film production and capital-intensive content creators using cryptocurrencies and NFTs. An ecosystem that enables financing. Since July, the platform has funded 11 prominent film projects across four continents of the world. The company recently raised about $ 5 million from prominent institutional investors in the United Arab Emirates and completed a seed funding round with a valuation of over $ 10 million.

The most notable investments come from the Gargash Group, one of the major business conglomerates in the United Arab Emirates, with a strong presence in the automotive, real estate and financial services sectors. Daman Investments, one of the region’s leading non-bank financial services entities, was MContent’s chief advisor and most prominent pre-seed investor. Other institutional investors who participated in the recently signed round included DIFC-based company Fiducia Capital and Planet N Investments (a global fintech startup investment fund) in the United Kingdom.

MContent has already funded 11 production projects, including a documentary film about the Bitcoin Revolution in El Salvador. The film will be released next month on Insight TV, a global factual entertainment platform headquartered in the Netherlands with access to 200 million households. Later, MContent partnered with Insight TV to co-produce the entire “Blockchain Life” series. MContent has become the world’s first blockchain company to successfully create and sell BTS NFTs. This basically means a “behind the scenes / bloopers” of the entire movie created as an exclusive access NFT on the blockchain.

Independent filmmakers who have successfully funded film projects through MContent are scattered across four continents of the world, including successfully completed projects in markets such as South America, Africa and Southeast Asia. The upcoming project titled “Ripple vs. SEC Saga” was filmed in the United States, completely covering the largest market. This is the largest incidental documentary in the history of cryptography featuring prominent individuals associated with incidents such as John Deaton. & Representatives from Ben Armstrong as well as regulators and investors. This next thriller trailer has already attracted millions of views on social media, given the popularity of the subject and the quality of its production. Also, a recent trailer of the first anime series in crypto space entitled “Alex Got Rekt” has been released. The work entitled “Unexpected Rise of Binance” featuring the CEO, one of the largest crypto trading platforms, is also a product of works funded through the MContent ecosystem.

Earlier MContent also announced a comedy sitcom series like “Friends” called Wein Lambo, which is currently being filmed and produced in the big cities of Dubai.

In February 2022, MContent will launch the first of its kind, a fully monetized content consumption platform named MBrowse. Users on the platform receive various rewards in the form of MContent’s native digital currency for their contributions to the platform. MContent’s native tokens are currently traded on more than 6 centralized and decentralized exchanges with a market capitalization of $ 28 million.

MContent is also participating in the Metaverse and is about to launch an exclusive VR screening ticket for the next movie release via NFT, which will draw viewers into an environment called Cineverse by the MContent team.

Umair Masoom, founder of MContent, commented on the successful funding, saying: The true power of blockchain technology, tokenization and NFT solves real-world financial problems rather than offering non-utility crypto assets and non-fungible tokens on a speculative basis in the name of Defy & Digital Art. On behalf of the team in its asset-backed use case, we would like to thank our investors and partners for believing in an ecosystem that will revolutionize the global content environment over the next few years. “

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