MContent Collaborates With PwC for a First of Its Kind Cineverse Experience

PRESS RELEASE. DUBAI, UAE: MContent has announced the accomplishment of the Cineverse to the satellite whereby they aspire to bring Cinema to radical anywhere, anytime – MContent and their motorboat was enabled owed to a collaboration with PwC Middle East emerging exertion teams.

A high-end motorboat lawsuit was attended by notable guests astatine Palm Jumeirah Dubai wherever MContent premiered their archetypal co-productions titled “Ripple vs. SEC Saga” and “El Salvador vs. World Bank”. The Cinema premier nevertheless was antithetic from the norm arsenic participants were seen glaring astatine the water sitting astatine a formation wearing their virtual world (VR) headsets engaged successful an immersive Cineverse experience.

Earlier successful January 2022, the starring UAE conglomerate, Gargash Group, had announced a major concern successful MContent, the world’s archetypal tokenised contented ecosystem that aims to revolutionise the planetary contented landscape. Designed to person contented viewers into contented owners, the first-of-its-kind level enables assemblage backing of movie accumulation and capital-intensive contented creators utilizing Cryptocurrency, NFTs and the Cineverse. The level has already funded 11 salient movie projects crossed 4 continents, and now, it plans to expedite the decentralised backing deployment successful contented instauration utilizing the parallel Cineverse economy.

Speaking astatine the event, Umair Masoom, Founder & CEO of MContent said, “The immersive cinema acquisition – designed successful collaboration with PwC and showcased to our guests contiguous has planetary scalability & wide adoption capability. By bringing the Cineverse to a planetary audience, MContent wants to summation backing & screening opportunities for thousands of independent movie makers globally. As portion of the decentralised ecosystem, MContent is launching the first-of-its-kind, afloat monetised contented depletion platform, aiming to thrust sustainable net for contented creators and viewers. I would similar to convey our Co-Production Partners “Insight TV” & “Villain Studios” from Netherlands, our method enactment teams successful “PwC Middle East and PwC UK” and our investors including “Gargash Group” and “Daman Investments” for helping america bring the Cineverse to beingness today”.

Reza Essop, PwC Middle East’s Emerging Technology Leader believes that “This is simply a superb illustration of the region’s question towards integer translation and is precise overmuch successful enactment with large wider initiatives specified arsenic Dubai Vision 2030. MContent has defined a applicable exertion of emerging exertion with the convergence of blockchain, NFT and extended world (XR). We are incredibly arrogant to person facilitated this effort arsenic good arsenic enabled this imaginativeness from conception to world and to a sustainable commercialised system that tin payment galore arsenic good arsenic pb the mode for different out-of-the-box efforts”.

The premier lawsuit was attended by GCC concern assemblage members, celebrities, movie makers, influencers, NFT artists, movers & shakers, blockchain enthusiasts arsenic good arsenic immoderate senior members of the Gargash Group who each became the archetypal to acquisition the MContent Cineverse astatine the formation successful virtual world with 2 chiseled archetypal productions.

Super Car Blondie, ArabGT, Umair Masoom, Jeremy Dalton, Mr. Shehab Gargash & Dr.Lamees, Ahmed Khizer & Arshia Khan

Also contiguous astatine the juncture was Dr. Lamees Hamdan, starring Emirati entrepreneur and planetary sentiment person who precocious accepted the presumption of Chairperson astatine MContent. On the imaginativeness of MContent Dr Lamees comments, “I emotion the disruptive quality of MContent, the quality of helping peoples imagination go a reality. Where earlier determination were barriers, and it was astir intolerable for a tiny creator with large dreams to entree production, studios and funding, astatine MContent we are giving the power backmost to the creators, wherever each of america are backing our ain destiny and that is power. What we are seeing contiguous is simply a manifestation of this caller world we are creating together”.

The autochthonal token of MContent is presently trading astatine a Market Cap of implicit $100 cardinal connected much than six centralised and decentralised exchanges & the level plans to money 100 planetary projects by the extremity of 2022.

www.mcontent.net

PwC has implemented and advised organisations crossed each industries connected virtual world (VR), augmented world (AR) and blockchain technology, the cardinal components of the metaverse. The steadfast has besides invested successful virtual existent property connected the metaverse level The Sandbox and uses virtual satellite technologies to lick concern problems. Jeremy Dalton, Head of Metaverse Technologies for PwC UK, said, “We present person a much immersive mode to experience virtual worlds and a transparent mode to transact wrong them. The convergence of VR, AR and blockchain to alteration the metaverse conception has created opportunities and challenges for businesses crossed a fig of industries”.

About PwC

At PwC, our intent is to physique spot successful nine and lick important problems. We’re a web of firms successful 156 countries with implicit 295,000 radical who are committed to delivering prime assurance, advisory and taxation services. Find retired much and archer america what matters to you by visiting america astatine www.pwc.com.

Established successful the Middle East for 40 years, PwC has 22 offices crossed 12 countries successful the region with astir 7,000 people. (www.pwc.com/me).

PwC refers to the PwC web and/or 1 oregon much of its subordinate firms, each of which is simply a separate ineligible entity. Please spot www.pwc.com/structure for further details.

© 2022 PwC. All rights reserved

About Gargash

Since 1918, the Gargash Group of Companies has established itself arsenic a starring concern conglomerate with a portfolio diversifying into automotive, existent estate, investments, fiscal services and hospitality. Gargash successfully introduced starring planetary automotive brands into the UAE specified arsenic Mercedes-Benz, Alfa Romeo, GAC MOTOR, SIXT Rent a Car successful summation to presenting an concern enactment of lubricants, operation instrumentality & powerfulness systems. The group’s concern assemblage operating since 1998 provides fiscal services and has invested successful a diversified portfolio crossed antithetic industries with a planetary concern outreach. Gargash’s existent property assemblage offers its valued clients adept residential, commercialized and concern spot absorption assistance.

For media enquiries delight contact:

Somair Rizvi – Chief Operating Officer MContent

[email protected]

Tariq Naseer

[email protected]

PR Partner

ZEXPRWIRE

[email protected]

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