Animoca Brands, a leading blockchain gaming and metaverse investment company, has announced a strategic alliance and investment deal with Neom, the large-scale Saudi Arabian urban development project, to advance adoption of crypto technology in the Gulf region. The companies signed a memorandum of understanding to collaborate on digital infrastructure projects that will support Neom’s Vision 2030 goals and establish a hub to grow the local blockchain ecosystem. Neom’s investment arm will also invest $50 million into Animoca Brands. Animoca Brands will advise Neom on building blockchain-based services, and their collaboration will include various Web3 and metaverse projects tailored to Neom’s futuristic vision. Neom is a planned urban metropolis in the Tabuk Province of Saudi Arabia, and it’s planned to embrace emerging technologies. Animoca Brands is one of the most prominent blockchain game publishers and metaverse investors. #AnimocaBrands #Neom #Blockchain #CryptoTechnology
You can read more about this topic here: Decrypt: Saudi Arabia’s Future City Neom Will Invest $50 Million in Metaverse Giant Animoca
