Animoca Brands is looking to enter the ground floor of Web3 development in Saudi Arabia after recently signing a memorandum of understanding with the country’s primary scientific research centre, said company co-founder and chairman Yat Siu in an interview.
The Hong Kong-based blockchain gaming unicorn recently expanded its cooperation in Saudi Arabia with a memorandum of understanding (MOU) with King Abdulaziz City for Science and Technology (KACST), which it signed during the Leap conference in Riyadh earlier this month. Hong Kong Science and Technology Park (HKSTP) and Cyberport also signed MOUs with KACST during the event. Animoca, though, was one of the few start-ups at Leap focused on what it sees as a burgeoning opportunity in the Web3 market, especially in gaming. The company is already an investor in the Neom smart city project in the northwest of the country. Having long been involved in the United Arab Emirates, where Dubai has made itself a regional Web3 hub, Animoca now sees an opportunity to be part of an even earlier stage of development. Source: South China Morning Post
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