News

StarzPlay Launches Free-To-Play Fantasy Sports Game In MENA

The game lets players make predictions on live Serie A matches and regional leagues in order to win prizes.

Published

12 months ago

August 16, 2023

Nour Nasir

StarzPlay

SVOD platform StarzPlay has introduced a new title known as Fantasy Sports in the MENA region, a free-to-play Web3 fantasy sports game.

Launched ahead of the 2023/24 Series A season, StarzPlay Fantasy Sports allows players to make score forecasts and predict possession percentages within the in-game arenas. Successful predictions enable players to win various prizes, including STARZ$, the in-game currency usable for acquiring NFTs.

In the future, the currency will be exchangeable for platform subscriptions, football merchandise, and even Serie A match tickets, complete with meet-and-greet sessions with football icons. While the game is essentially free to play, players have the option to buy and trade NFTs within the real-time marketplace. This empowers them to build distinct teams and boost their predictive abilities.

Alessandro Masaro, Chief Strategy Officer at StarzPlay, said, “StarzPlay Fantasy Sports is the first-of-its-kind blockchain service in the region which will give customers a new dimension to engage with sports while competing to win incredible prizes. Our goal is to make StarzPlay a hub for sports entertainment and provide users and rights holders with more opportunities to interact and build stronger and more valuable relationships. We believe this is the first step of a larger plan which will see StarzPlay Fantasy Sports expand into other leagues and sports in the near future”.

Also Read: Best Video Streaming Services In The Middle East

The release of StarzPlay Fantasy Sports is noteworthy due to the title’s cutting-edge Web3 and blockchain technology. The game uses Amazon AWS as a serverless infrastructure to support the peak of users and provide a stable, high-quality experience during matches.

Related Topics:Blockchain NFTs StarzPlay Web3

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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.

Published

17 hours ago

July 25, 2024

Nour Nasir

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.