- Animoca Brands and King Abdulaziz City for Science and Technology (KACST) have formed a Web3 partnership in Saudi Arabia, aiming to revolutionize the country’s digital landscape.
- The partnership aims to create a physical hub in Riyadh, a hub for startups interested in Web3 and blockchain technology.
- The collaboration is part of Saudi Vision 2030 and is supported by the NEOM Investment Fund, which has pledged $50 million to Animoca Brands.
Animoca Brands, a company dedicated to pushing the boundaries of innovation in gaming and digital technology, has joined forces with the King Abdulaziz City for Science and Technology (KACST) to bring about exciting changes in Saudi Arabia’s digital landscape.
Their partnership is a big deal. It shows Animoca Brands’ commitment to boosting technological progress by teaming up with important players like KACST. Together, they plan to shake things up in Saudi Arabia’s digital scene, especially in the realm of Web3, which is all about the next level of internet interactivity.
One of the coolest parts of this collaboration is the plan to create a physical hub in Riyadh. This hub will be a buzzing center for startups interested in Web3 and blockchain technology. It’s not just about building a place; it’s about building up the country’s tech scene and economy.
Dr. Mariam Nouh from KACST is thrilled about what this partnership can do. She sees it as a game-changer for Saudi Arabia, helping to drive forward blockchain and digital innovation. For Yat Siu, Animoca Brands’ Co-Founder, this partnership is a big deal too. It’s all about moving closer to their goal of making Web3 more mainstream.
This isn’t Animoca Brands’ first rodeo in Saudi Arabia either. They’ve already teamed up with NEOM Company back in 2023. This partnership, which was part of Saudi Vision 2030, showed their dedication to pushing tech boundaries.
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Now, NEOM Investment Fund is putting up $50 million to further support Animoca Brands. This not only boosts Animoca’s position but also signals serious belief in their vision for Web3.
But it’s not just about money and infrastructure. Animoca Brands and KACST are also focused on nurturing local talent. They’re planning educational programs and job opportunities to help Saudis get involved in exciting fields like Web3, blockchain, gaming, AI, and the metaverse.
They’re partnering with local universities to make sure the programs fit the bill, ensuring that Saudi Arabia’s digital ecosystem keeps growing in a sustainable way. It’s a comprehensive approach that aims to benefit everyone involved, from startups to students to the country as a whole.