Mogul Productions Inks Partnership With Trace Network Labs To Stream Movies In The Metaverse

The Metaverse is going big on entertainment as Mogul Productions, a platform promoting NFT and DeFi in the entertainment sector has penned a new deal. Accordingly, Mogul Productions aims to use its new partnership with Trace Network Labs to bring entertainment to the Metaverse.

A Surge in Metaverse Growth

The emergence of blockchain technology has brought unprecedented change and expansion to the digital landscape. The growth trajectory of non-fungible tokens (NFT) and the Metaverse have shot up due to the blockchain network.

The Metaverse is the defining moment of the virtual ecosystem as it has become the buzzword in almost every discussion of the digital environment. Industry experts see the Metaverse as where digital assets will have the most value.

The Metaverse will be the engine of the digital space where users will be able to recreate their anatomy and personalities in whatever shape or form they can. In addition, users can also redevelop their physical identities in the virtual world and bring to life whatever fantasy they wish to accomplish.

The two parties want to use the opportunity from the new partnership to drive the next phase of growth in the Metaverse. At the core of the partnership is adding an immersive movie experience to the Metaverse.

NFTs to Drive the Metaverse Experience

Barely two years after its introduction to the digital space, NFT has redefined digital art and creativity. It has become the most sought-after digital asset, with millions of dollars worth of sales volume recorded.

The success of NFTs is driven by blockbuster creators like Bored Ape Yacht Club (BAYC), Azuki, and CryptoPunks. These NFT collections have helped strengthen the argument that digital art collections are another money-spinning venture in the virtual ecosystem. Big-name artists are driving the NFT space with their involvement in digital art. 

Furthermore, industry experts believe that the Metaverse reality can only be possible by integrating NFT. That is using NFT avatars as the key to unlocking almost everything to explore in the Metaverse.

The Metaverse is a virtual environment where humans can interact using their uniquely created avatar.

Tech giants like Meta, Apple, and others are working on making a further move to the Metaverse using specially developed products for it. On the other hand, the entertainment industry is already stamping its feet on the virtual space, with the latest being Mogul Productions.

Mogul intends to utilize its partnership with Trace to position itself to enhance the concept of the Metaverse and drive more entry via NFT.

In the new arrangements, individuals would be able to mint their personalized avatars and use them to experience movie premieres in the Metaverse. Mogul’s cinematic tools will positively impact how movies are premiered in the Metaverse.

Moreover, Mogul will also include new branded products and other wearables for users to utilize to enhance their Metaverse movie experience.

Other exciting features await users to unlock, including access to behind-the-scenes events, concerts, blockbuster movies, and more.