MContent crypto gains: What are its streaming and funding services?

Highlights

• Almost every crypto claims to have a linked project like metaverse, gaming or DeFi services
• MContent crypto is said to offer a platform to content creators with seed funding facilities
• MContent token is very new in comparison to cryptos like BTC or ETH, but it has had better price performance

Variable return assets have not had an amazing year so far. In the cryptoverse, sudden fall in the value of a large cap stablecoin TerraUSD recently caused shivers.

Cryptoassets have been a speculative asset for blockchain tech enthusiasts. But all assets come with a certain project, like Ethereum, which has the native ETH token, provides blockchain services to projects in DeFi sector. Virtually all assets claim to solve some problem. This is what many view as the utility of any cryptocurrency.

What utility is MContent crypto claiming? Let’s find out.

What is MContent crypto?

The official website and the whitepaper of the project talk primarily about using blockchain and token-based economics in the field of content creation. MContent claims to provide a platform to creators and investors to meet and collaborate. This is said to include seed funding for creators, with original content uploaded on MContent platform.

MSeeds and MOriginals are the two verticals mentioned on the website to enable these services. A page on the website is also dedicated to non-fungible assets (NFTs). It talks about “Project Black”, with NFT assets linked to luxury cars.

Another vertical is MBrowse that the project claims will help users upload and watch content, besides earning the native token MContent.

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MContent token

The native token is titled MContent. The whitepaper states that all proceeds from the sale of this token would be used to fund operations and business development.

It is also claimed that content creators would earn this token by uploading their work, without any need to have a certain number of watch hours or subscribers. MContent token trades on PancakeSwap and a few other exchanges.

Also read: What is Tesla Token and is it safe?

MContent token price

MContent is not a large cap cryptocurrency. As of writing, the token was not even in the top 3,000 list of CoinMarketCap.

Price data reveals that MContent token has largely traded in the green since the start of 2022. The price as of writing was nearly US$0.000000007. The 24-hour trading volume was nearly US$1.3 million. In the past 24 hours, price of MContent crypto had gained almost seven per cent.

Data provided by CoinMarketCap.com

Bottom line

MContent crypto is claimed to have collaborated with PwC, with the latter launching a cineverse on the former’s platform. MContent claims to bring blockchain and tokenomics to content creation. It has yet to become a large cap crypto. Both per token price and trading volume are on the lower side.

Also read: What could have caused crypto crash and what can be its effects?

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