Home Web3 Saudi mega-project to invest $50 million in gaming firm Animoca for Web3.

Saudi mega-project to invest $50 million in gaming firm Animoca for Web3.

by Joseph Mack

Animoca Brands and NEOM Partner to Develop Global Web3 Services

Animoca Brands, a leading developer of blockchain games and digital collectibles, has announced a partnership with NEOM to develop global Web3 services. The partnership aims to support tech growth in the NEOM economic zone and Riyadh, Saudi Arabia.

Supporting Tech Growth in the Economic Zone and Riyadh

NEOM, a futuristic city being built on the Red Sea coast, is expected to become a hub for innovation and technological advancement. As part of the partnership, Animoca Brands will work with NEOM to create a range of digital experiences and services that leverage blockchain technology and the metaverse.

The goal is to position NEOM as a global leader in Web3, creating a thriving ecosystem for cutting-edge technology and digital innovation. The collaboration will focus on areas such as blockchain gaming, virtual reality, non-fungible tokens (NFTs), and decentralized finance.

Expanding Opportunities in the Middle East

The partnership between Animoca Brands and NEOM represents a significant milestone in the expansion of Web3 services in the Middle East. By harnessing the power of blockchain and the metaverse, the collaboration aims to create new opportunities for economic growth, job creation, and technological advancement in the region.

In addition to supporting tech growth in NEOM, the partnership will also be instrumental in fostering collaboration and knowledge exchange between local and international stakeholders. By leveraging Animoca Brands’ expertise in blockchain gaming and digital collectibles, NEOM aims to position itself as a key player in the global Web3 ecosystem.

Positioning NEOM as a Global Leader in Web3

The partnership between Animoca Brands and NEOM underscores the growing significance of Web3 technology and its potential to transform industries and economies. By working together to develop innovative digital experiences and services, the two entities are poised to play a pivotal role in shaping the future of technology and innovation in the Middle East and beyond.

The collaboration between Animoca Brands and NEOM is expected to open up new opportunities for entrepreneurs, developers, and creators in the region. With a focus on blockchain gaming, NFTs, and virtual reality, NEOM is set to establish itself as a global leader in the Web3 space, driving economic growth and technological advancement in Saudi Arabia and the wider Middle East.

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