A company called SquirrelVerse, which is a Metaverse platform, has launched Meta screen, a platform where people can use NFTs as movie tickets. The first Indian film to use NFTs as tickets will be Mithila Makhaan, a national award-winning film.

SquirrelVerse's mission is to bring NFTs to life with real-life utility and purposes while assisting Metaverse creators and brands to be more easily integrated into the system and accessible to a broader audience.

“With the introduction of Meta screen, creators can leverage NFT technology in a purposeful way for showcasing and monetizing their content and prepare to make their mark in the Metaverse," said the Founder & CEO of SquirrelVerse, Pradeep Singh.

He adds, "We aim to bridge the knowledge barrier for Web 3 and Metaverse, and want to make this new technology accessible and easy for everyone. We want to stand out as a platform of choice for creators and brands to kickstart their Metaverse journey."

What is Metascreen ?

On Meta screen, users can watch movies using NFTs, while creators can showcase their works, own them and earn through trading royalties. An NFT comes equipped with a utility that lets creators access their content directly from the platform. With full ownership rights, creators can publish fiction, poetry, and other forms of artistic expression online. Using Metascreen, the process of creating or consuming content is redefined since there is no third party to stand between the creator and the consumer. Mithila Makhaan, the first maithili film to get on NFT this year, won the Best Maithili Film Award at the 63rd National Film Awards.

Pavan A

CBW - External Analyst

INDIA