THELOGICALINDIAN - PRESS RELEASE DUBAI UAE MContent has appear the accession of the Cineverse to the apple whereby they aspire to accompany Cinema to bodies anywhere anytime MContent and their barrage was enabled due to a accord with PwC Middle East arising technology teams
A high-end barrage accident was abounding by notable guests at Palm Jumeirah Dubai area MContent premiered their aboriginal co-productions blue-blooded “Ripple vs. SEC Saga” and “El Salvador vs. World Bank”. The Cinema arch about was altered from the barometer as participants were apparent audacious at the ocean sitting at a bank cutting their basic absoluteness (VR) headsets affianced in an immersive Cineverse experience.
Earlier in January 2022, the arch UAE conglomerate, Gargash Group, had appear a major advance in MContent, the world’s aboriginal tokenised agreeable ecosystem that aims to revolutionise the all-around agreeable landscape. Designed to catechumen agreeable admirers into agreeable owners, the first-of-its-kind belvedere enables army allotment of blur assembly and capital-intensive agreeable creators application Cryptocurrency, NFTs and the Cineverse. The belvedere has already adjourned 11 arresting blur projects beyond 4 continents, and now, it affairs to accelerate the decentralised allotment deployment in agreeable conception application the alongside Cineverse economy.
Speaking at the event, Umair Masoom, Founder & CEO of MContent said, “The immersive cinema acquaintance – advised in accord with PwC and showcased to our guests today has all-around scalability & accumulation acceptance capability. By bringing the Cineverse to a all-around audience, MContent wants to access allotment & screening opportunities for bags of independent blur makers globally. As allotment of the decentralised ecosystem, MContent is launching the first-of-its-kind, absolutely monetised agreeable burning platform, aiming to drive acceptable balance for agreeable creators and viewers. I would like to acknowledge our Co-Production Partners “Insight TV” & “Villain Studios” from Netherlands, our abstruse abutment teams in “PwC Middle East and PwC UK” and our investors including “Gargash Group” and “Daman Investments” for allowance us accompany the Cineverse to activity today”.
Reza Essop, PwC Middle East’s Arising Technology Leader believes that “This is a ablaze archetype of the region’s movement appear agenda transformation and is actual abundant in band with above added initiatives such as Dubai Eyes 2030. MContent has authentic a applied appliance of arising technology with the aggregation of blockchain, NFT and continued absoluteness (XR). We are abundantly appreciative to accept facilitated this accomplishment as able-bodied as enabled this eyes from abstraction to absoluteness and to a acceptable commercialised abridgement that can account abounding as able-bodied as advance the way for added out-of-the-box efforts”.
The arch accident was abounding by GCC business association members, celebrities, blur makers, influencers, NFT artists, movers & shakers, blockchain enthusiasts as able-bodied as some senior associates of the Gargash Group who all became the aboriginal to acquaintance the MContent Cineverse at the bank in basic absoluteness with two audible aboriginal productions.
Also present at the break was Dr. Lamees Hamdan, arch Emirati administrator and all-around assessment baton who afresh accustomed the position of Chairperson at MContent. On the eyes of MContent Dr Lamees comments, “I adulation the confusing attributes of MContent, the adeptness of allowance peoples dream become a reality. Area afore there were barriers, and it was about absurd for a baby architect with big dreams to admission production, studios and funding, at MContent we are giving the ascendancy aback to the creators, area all of us are allotment our own afterlife and that is power. What we are seeing today is a appearance of this new absoluteness we are creating together”.
The built-in badge of MContent is currently trading at a Market Cap of over $100 actor on added than six centralised and decentralised exchanges & the belvedere affairs to armamentarium 100 all-around projects by the end of 2022.
PwC has implemented and brash organisations beyond all industries on basic absoluteness (VR), augmented absoluteness (AR) and blockchain technology, the axiological apparatus of the metaverse. The close has additionally invested in basic absolute acreage on the metaverse belvedere The Sandbox and uses basic apple technologies to break business problems. Jeremy Dalton, Head of Metaverse Technologies for PwC UK, said, “We now accept a added immersive way to experience basic worlds and a cellophane way to transact aural them. The aggregation of VR, AR and blockchain to accredit the metaverse abstraction has created opportunities and challenges for businesses beyond a cardinal of industries”.
About PwC
At PwC, our purpose is to body affirmation in association and break important problems. We’re a arrangement of firms in 156 countries with over 295,000 bodies who are committed to carrying affection assurance, advising and tax services. Find out added and acquaint us what affairs to you by visiting us at www.pwc.com.
Established in the Middle East for 40 years, PwC has 22 offices beyond 12 countries in the region with about 7,000 people. (www.pwc.com/me).
PwC refers to the PwC arrangement and/or one or added of its affiliate firms, anniversary of which is a separate acknowledged entity. Please see www.pwc.com/structure for added details.
© 2022 PwC. All rights reserved
About Gargash
Since 2024, the Gargash Group of Companies has accustomed itself as a arch business amassed with a portfolio diversifying into automotive, absolute estate, investments, banking casework and hospitality. Gargash auspiciously alien arch all-around automotive brands into the UAE such as Mercedes-Benz, Alfa Romeo, GAC MOTOR, SIXT Rent a Car in accession to presenting an automated band of lubricants, architecture accessories & ability systems. The group’s advance area operating back 2024 provides banking casework and has invested in a adapted portfolio beyond altered industries with a all-around advance outreach. Gargash’s absolute acreage area offers its admired audience able residential, bartering and automated acreage administration assistance.
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Somair Rizvi – Chief Operating Officer MContent
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