Dubai, United Arab Emirates – July 9, 2024 – U-topia , a groundbreaking Web3 company propelling a new vision of MediaFi, has received a strategic investment worth 1 million USD from M3 DAO , a leading decentralized autonomous organization.
This investment is a landmark achievement for U-topia, which will help fuel its development of the innovative MediaFi platform and accelerate its mission to give creators and fans a voice in the entertainment industry.
This investment from M3 DAO will directly contribute to accelerating U-topia's product development roadmap. This includes the further development of U-topia's core MediaFi technology, which utilizes blockchain technology and a 70k Real World Assets catalog to change the paradigm of fan experiences and ownership within the media industry.
"We are thrilled to partner with M3 DAO, a visionary organization that shares our passion for Web3 innovation," said Emmanuel Quezada , CEO of U-topia. "This investment is a step towards our vision for the future of MediaFi and empowers us to create a more equitable and rewarding experience for both fans and creators."
In addition to the investment by M3 DAO, U-topia has the pleasure of announcing the appointment of Gerald Check as its Chief Investment Officer (CIO), who has been actively involved in the blockchain and venture capital industries. Mr. Check, also a core contributor at M3 DAO, has extensive experience recognizing and accelerating promising blockchain startups, having previously served as a professional at reputed organizations like Binance, TG20, and MEXC Global.
"I am incredibly impressed by U-topia's work towards the future of fan engagement and ownership," said Mr. Check. "The MediaFi concept has the potential to fundamentally transform the way we interact with the media we love. I am excited to join the U-topia team and leverage my experience to contribute to the company's continued growth and success."
By utilizing Web3 technology, U-topia will empower fans and general audiences alike and help them become actively engaged in the stories they cherish, while also creating new ways for creators to interact with their audiences and monetize their work in a better way.
About U-topia
U-topia is the leading MediaFi Company in the World, it is the convergence of innovative global IP Licensing in GameFi, AI Music, and Video Entertainment backed by a catalog of 70k Real World Assets rewards, leveraging top Intellectual Property (IP) from Web2 such as content from sports matches by professional teams, video content like Bandai Namco, and Top 100 retailers like Nike along with prime NFT collections from Web3.
About M3 DAO
M3 DAO is a decentralized autonomous organization focused on identifying and supporting high-potential blockchain startups. M3 DAO leverages the collective intelligence of its global community to make investment decisions, fostering a more democratic and inclusive approach to venture funding.
Media Contact
Company Name: U-Topia
Contact Person: Minrie Macapugay
Email: [email protected]
City: Dubai
Country: United Arab Emirates
Website: https://u-topia.com/
Source: http://www.edcalmedia.com/press-release/m3-dao-invests-1-million-in-u-topia-fueling-mediafi-growth/