With a new cooperation, Mogul Productions, a decentralized platform that aims to promote NFTs and DeFi in the media and entertainment industry, is making a significant step.
The company has partnered in a significant way with Trace Network Labs to deliver the cinematic experience to the metaverse
Digital avatars, whose growth trajectory has, to put it mildly, been on an increasing track since the 1970s, have fundamentally transformed the picture thanks to blockchain technology.
The metaverse will deliver actual value for digital assets, mostly in the form of NFTs. People will be able to remake their identities and reconstruct themselves in any way they choose thanks to it. All kinds of digital animals will come to life thanks to it.
Through their collaboration, Mogul Productions and Trace Network hope to propel this industry to its next level of expansion. In essence, Mogul seeks to introduce movies and the movie experience to the metaverse.
The authors of blockbusters like the Bored Ape Yacht Club, CryptoPunks, and Azuki helped open a wide spectrum of success stories, and some of the most well-known NFT collections in the world today have seen millions of dollars in sale volumes.
Alongside this, there has been a constant push for the Metaverse to become a reality. In this virtual environment, real-life people can interact and perform just about any other task using avatars.
With NFTs at the center of it, Mogul hopes to use its cooperation with Trace to advance this. Notably, the platform hopes to let users create their own avatars and utilize them to experience things like movie premieres in the metaverse. Additionally, as a result of the partnership, Mogul’s Cinematic Metaverse will develop to offer consumers new features including branded wearables and other Mogul items.