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Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has on Monday announced that it has entered into a Memorandum of Understanding (MOU) with King Abdulaziz City for Science and Technology (KACST) to collaborate to advance the Web3 and gaming ecosystem in the Kingdom of Saudi Arabia (KSA).
Under the partnership, Animoca Brands and KACST will work together to strategically drive the advancement of the Web3 ecosystem and gaming ecosystem in Saudi Arabia, including establishing a physical Web3 Hub located in Riyadh to incubate Web 3 startups and blockchain technologies in the region, the duo said in a statement. According to the statement, this initiative extends beyond the physical infrastructure, aiming to contribute to the socio-economic development of the KSA by supporting local talent through education, training, and employment initiatives. The collaboration and the Web3 Hub will involve joint research in Web3, blockchain, gaming, artificial intelligence (AI), and the metaverse, along with strategic partnerships with local universities to provide tailored educational programs. Source: Technode Global
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