Dubai’s VVIP Raises $2.5 Million To Build Blockchain-Based Social Network

Dubai-based media platform VVIP just announced that it has scored $2.5 million from Pecunio, the world's preeminent platform for crypto investments, for the company's seed round to launch blockchain-based platform and team expansion, powered by live experiences for the global events and lifestyle enthusiasts. 

"We think people should engage more on real life and for us building a social network powered by unforgettable live experiences is the best way to make people connect again," says Saber Ghaith, Founder and CEO at VVIP. "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."

Pecunio is an asset platform for safe and easy blockchain investments and is the leading Fintech company in the UAE. Their platform’s products and services cover a huge sector of blockchain innovation. Investors benefit from a sound business model, which enables investments into angel and venture capital investment and high-end cryptocurrency funds. While the Pecunio management team believes VVIP product brings the best practices of the social networking and blockchain worlds by leveraging decentralisation, privacy and security capabilities of the blockchain revolution and applying that to an arena that is about to be disrupted.

“The investment and partnership with VVIP better solidifies our competitive position in the MENA region," says Reinhard Berger, CEO of Pecunio. "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." 

Main Image: VVIP's Founder and CEO Saber Ghaith on the right.