The post NEOM Invests $50M in Animoca Brands for Web3 Development! appeared first on Coinpedia Fintech News
NEOM, a company that is part of Saudi Arabia’s Vision 2030 plan, is investing $50 million in Animoca Brands to support digital infrastructure development in the region. Animoca Brands will build Web3 enterprise service capabilities in partnership with NEOM and will establish a hub to support technology advancements in Riyadh and the NEOM area. The strategic partnership will aid the potential revolution of global industries by accelerating the development and adoption of Web3 technology. The collaboration seeks to deploy a range of Web3 initiatives and nurture the local Web3 ecosystem. The execution of definitive documents for the $50 million investment is subject to several conditions precedent.
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