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Shemaroo Partners With Seracle To Enter Web 3.0
The partnership will help Shemaroo extend value-added experience for consumers in the Web3.0, NFT, and Metaverse
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Shemaroo has announced its entry into the Web 3.0 space in partnership with leading blockchain technology company Seracle.
The partnership with Seracle will allow Shemaroo to bring forth the value of intellectual properties to democratise creativity, ownership, and applications in the new frontier using Blockchain technology.
The partnership will help Shemaroo extend value-added experience for consumers in the Web3.0, NFT, and Metaverse.
Web3 technology is expanding at a breakneck speed and is going to favourably impact the entertainment sector as well. As per recently published data, the global Web 3.0 market size will reach USD 81.5 Billion in 2030 with a compound annual growth rate of 43.7 per cent. Another research data predicts the NFT transaction will rise from 24 million in 2022 to 40 million by 2027, globally.
"Web 3.0 provides limitless opportunities, especially for the entertainment industry. Shemaroo's expansion into this space is a strategic decision and to be the innovator which will lead the transformation in the ever-evolving M&E industry. We are happy to partner with Seracle for our Web 3.0 expansions and keep the brand future-ready to capture this emerging space by creating a fresh alternative for our tech-savvy consumers," said Hiren Gada, CEO, Shemaroo Entertainment.