Saudi mega-project to invest $50M in gaming firm Animoca for Web3.

by Sid

# Animoca Brands and NEOM Partner to Develop Web3 Services

In a groundbreaking collaboration, Animoca Brands and NEOM have joined forces to develop global Web3 services, thereby supporting tech growth in the economic zone and Riyadh.

## Animoca Brands and NEOM Join Forces

The partnership between Animoca Brands and NEOM represents a significant step in the development of Web3 services, as the two entities pool their expertise and resources to drive technological advancement in the economic zone and Riyadh.

## Supporting Tech Growth in NEOM Economic Zone and Riyadh

NEOM, the futuristic mega-city project in Saudi Arabia, is set to benefit from the collaboration with Animoca Brands as the partnership aims to foster the growth of technology in the region. The development of global Web3 services will open up new opportunities for tech companies and entrepreneurs in NEOM and Riyadh, ultimately contributing to the overall economic development of the area.

The partnership is expected to create a conducive ecosystem for the development and implementation of cutting-edge technologies, positioning NEOM as a global tech hub.

## Animoca Brands’ Expertise in Web3 Services

As a leading company in the field of Web3 services, Animoca Brands brings a wealth of experience and knowledge to the partnership. With a portfolio of successful projects and a proven track record in developing innovative Web3 solutions, the collaboration with NEOM is poised to have a significant impact on the tech landscape in the economic zone and Riyadh.

## Driving Innovation and Technological Advancement

The collaboration between Animoca Brands and NEOM is a testament to the commitment of both entities to drive innovation and technological advancement in Saudi Arabia. By leveraging the capabilities and expertise of Animoca Brands, NEOM aims to establish itself as a global leader in the development and implementation of Web3 services, creating a thriving tech ecosystem in the region.

## Conclusion

The partnership between Animoca Brands and NEOM represents a pivotal moment in the development of Web3 services and technology in the NEOM economic zone and Riyadh. With a shared vision of fostering tech growth and innovation, the collaboration is poised to bring about transformative changes in the region, positioning NEOM as a global tech hub and driving economic development in Saudi Arabia.

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