Mubasher: VVIP and Pecunio have announced an investment of $2.5 million to accelerate VVIP’s capital increase, growth, and speed-to-market in line with plans to widen the services of Dubai’s first social media network on a global scale.
VVIP is currently developing a blockchain-based social network powered by live experiences for international events and lifestyle enthusiasts.
“The events industry is a massive, thriving market globally, and Dubai is positioning itself as one of the most well-respected places in the world for entertainment. We are looking forward to deploying the blockchain capabilities into our platform to further drive the adoption of this powerful technology and make VVIP become the ultimate social network for the events enthusiasts around the globe”, Founder and CEO at VVIP Saber Ghaith said.
VVIP is known for being the sole media network exclusively focusing on entertainment in the Middle East region with an existing community exceeding two million members.
CEO of Pecunio Reinhard Berger commented, “The investment and partnership with VVIP better solidifies our competitive position in the MENA region. VVIP also has the potential to lead the social networking space and there exists a huge potential for doing the work to match their experience to the current global, digital times, especially through a private and secure way that only the blockchain technology can grant.”
