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Decentraland Just Hosted The UAE’s First Metaverse Wedding

After the online ceremony, the couple held a metaverse afterparty where they interacted with those who joined and partied for hours.

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decentraland just hosted the uae's first metaverse wedding

When two people from different parts of the world decide to get married, they face many difficult challenges, and one of them is figuring out the logistics of getting their family and friends to attend the ceremony.

After all, plane tickets are not cheap, and not everyone is healthy enough to travel thousands of miles. Florian Ughetto and Liz Nunez, the owners of Easy Wedding Georgia, have come up with a truly cutting-edge solution: they decided to get married in the metaverse.

More specifically, the couple walked down the aisle in their own private Decentraland plot on May 19, accompanied by close family, friends, and select guests.

“We dreamt of flying in our family and friends from France and Paraguay to Dubai to attend our wedding. However, Covid and legal hurdles played spoilsport. That is when we decided to take things to the metaverse,” said Florian Ughetto.

During the wedding, their avatars were dressed in a black and brown suit and a white dress, both of which were purchased on OpenSea, the world’s largest NFT marketplace. As they exchanged their vows and said, “I do,” their guests were enjoying the ceremony from the comfort of their own homes using laptops and smartphones.

After the online ceremony, the couple held a metaverse afterparty where they interacted with those who joined and partied for hours.

Also Read: A Beginner’s Guide To Getting Started With NFTs

The biggest challenge Florian Ughetto and Liz Nunez faced when organizing the metaverse wedding was ensuring that everyone had a stable connection to the internet. To be extra safe, they had recorded backups of their vows at hand, but, fortunately, they were not needed.

The fact that people are already getting married in the metaverse even though the new iteration of the internet is still in its infancy goes to show just how huge its potential is, and it will be interesting to see what its impact on our lives will be a few years from now.

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

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mamo completes $3.4 million funding round to enhance fintech services
Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.

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