First of its kind payment technology for the Metaverse and beyond
Xavatar, the AI-driven entertainment tech company has announced a partnership with Fexco Group to deliver payment technology in the Metaverse.
The partnership will create a customer-focused payments experience within the Xavatar-created Metaverse – the Xataverse.
The partnership will enable those that use the Xataverse to make transactions using a bespoke digital wallet, based on Fexco payment technology. This is a key step for Xavatar, as it continues to expand its presence in the real-time visual sector.
The partnership announcement is the latest milestone for Xavatar following its debut at the Cannes Film Festival 2023, which featured a live production of its soon to-be-released TV series, 'The Art of Movie Music'. The production featured filmmaker, David Lynch and music icons Donovan, Elvis Costello, George Clinton (Parliament) and Redman, in partnership with Planet X Studios and The David Lynch Foundation. The Xavatar team showed off their ability to animate in real-time and mesmerised an audience of entertainment leaders. Hosted by the American Pavilion and powered by HP, UnReal Engine and Be Earth Foundation.
'The Art of Movie Music' is an animated, variety talk show about movies and music which can be accessed via terrestrial TV, the Xataverse (web, tablet, mobile) and radio. Brought to life by Xavatar’s proprietary IP, created by AI-based, real-time animation technology, this multimedia production crosses platforms using storytelling, mixed with gamified experiences within a social connected Metaverse. This allows the audience to actively participate with celebrities talking about movies and music, explore the show’s environments, play theme-related games, connect with other audience members, and enjoy 3D retail shopping throughout. With Fexco’s help, Xavatar will launch a digital wallet and token, providing a safe, easy transaction system throughout the Xataverse, As well as real-world shopping and entertainment experiences.
“When we envisioned the concept of the Xataverse and the accompanying payment system, Fexco helped us to understand the mechanics and together, we were able to integrate what this process will be for the greater ecosystem that encapsulates our immersive experience of The Xataverse. We feel this revolutionary tool will allow people the opportunity to best interact with our show 'The Art of Movie Music' and our other upcoming offerings, both in the digital and real world and ultimately save everyone time and money. Xavatar couldn’t have a better partner than Fexco on this exciting journey,” said Kevin Sharpley COO/Founder Xavatar.
"We are delighted to announce Fexco's partnership with Xavatar, as they build on their success and continue to explore new innovations in experiential content consumption. The metaverse offers an exciting new opportunity for fintech innovations. This partnership allows us to leverage Fexco’s decades of experience in cutting-edge payment technology and the expertise of the Xavatar team to deliver an unparalleled customer-focused payments experience within the Xavatar Metaverse and online,” said Karl Aherne COO Fexco.