NEOM collaborates with Animoca Brands for regional Web3.0 development

On October 30, 2023, Animoca Brands, a Web3.0 games developer and Saudi Arabia’s NEOM investment fund announced its collaboration. This collaboration is expected to drive Web3.0 development in the region, stated Cointelegraph.

Sources revealed that Animoca will work with NEOM to build Web3.0 enterprise service capabilities. The new plan is expected to be applied globally. However, they will first be deployed to support advancements in emerging tech in the Saudi capital, Riyadh and the NEOM region, Cointelegraph added.