In a quest to bolster blockchain gaming and different web3 sectors in Saudi Arabia, Animoca Brands has signed a cope with King Abdulaziz Metropolis for Science and Know-how (KACST).
KACST is an impartial governmental entity, working to advance science and expertise in Saudi Arabia.
Extra significantly, the 2 have entered a Memorandum of Understanding (MOU) to strategically advance the web3 and gaming ecosystem within the area, together with establishing a bodily web3 hub situated in Riyadh, with the aim of supporting native web3 startups and applied sciences.
Furthermore, the partnership will contain joint analysis in blockchain, gaming, and AI, together with new partnerships with native universities to offer academic packages in web3.
Extra typically, the initiative additionally goals to boost Saudi Arabia’s socio-economic growth.
KACST VP of Economies of the Future Dr. Mariam Nouh commented, “We are excited to join forces with Animoca Brands in building national capabilities for gaming, immersive experiences, and web3 technologies. We seek to transform blockchain and digital innovation development by establishing the web3 Hub and growing the Web3 ecosystem in Saudi Arabia.”
“Joining forces with KACST to establish the Web3 Hub and grow the Web3 and gaming ecosystem in Saudi Arabia is a pivotal step for us and the region. This strategic partnership aligns with Animoca Brands’ overall vision of advancing adoption and development in the Web3 space,” added Animoca Brands co-founder and chairman Yat Siu.
