News

Animoca Brands Partners With KACST For Web3 Gaming in Saudi

Animoca Brands and KACST forge a strategic partnership, to launch web3 gaming hub in Saudi Arabia.

Eliza Crichton-Stuart author picture}

Eliza Crichton-Stuart

Head of Operations

Animoca Brands Partners With KACST For Web3 Gaming in Saudi

Animoca Brands has announced another partnership, this time with King Abdulaziz City for Science and Technology (KACST). The two will collaborate to advance the web3 and gaming ecosystem in the Kingdom of Saudi Arabia (KSA). In this article, we will cover everything you need to know about the exciting new partnership. 

Founded in 1977 and previously known as the Saudi Arabian National Centre for Science and Technology, KACST operates as an independent governmental entity tasked with fostering the advancement of science and technology, as well as facilitating collaboration among various scientific institutions in the KSA.

Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “Joining forces with KACST to establish the Web3 Hub and grow the web3 and gaming ecosystem in Saudi Arabia is a pivotal step for us and the region. This strategic partnership aligns with Animoca Brands' overall vision of advancing adoption and development in the web3 space."

More About KACST?

KACST stands as a pioneering organization in science and technology, dedicated to supporting innovation and advancing scientific research to drive industrial development within the Kingdom of Saudi Arabia.

Its commitment to national development is realized through several key objectives. These include providing substantial support for scientific research and technological development, conducting applied scientific research, and coordinating national activities in the expansive domains of science, technology, and innovation.

KACST also actively works towards fortifying both local and international partnerships to facilitate technology transfer, localization, and development. Furthermore, the organization plays a vital role in delivering consultations, services, and innovative solutions, while simultaneously investing in technology development and optimizing its commercial processes to contribute to the broader goals of technological progress in the Kingdom.

Dr. Mariam Nouh, VP of Economies of the Future in KACST, commented: "We are excited to join forces with Animoca Brands in building national capabilities for gaming, immersive experiences, and web3 technologies. We seek to transform blockchain and digital innovation development by establishing the Web3 Hub and growing the web3 ecosystem in Saudi Arabia."

Animoca Brands Partners With KACST For Web3 Gaming in Saudi

Details of Partnership?

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 web3 startups and blockchain technologies in the region.

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 "Web3 Hub" will involve joint research in web3, blockchain, gaming, AI, and the metaverse, along with strategic partnerships with local universities to provide tailored educational programs. 

Animoca Brands will provide consultancy services in tokenomics and web3 economics to projects and companies in KSA, and both companies will jointly develop immersive experience labs that showcase the latest in gaming, technology, and digital innovation.

KACST will allocate office space to support the physical infrastructure needs of startups within the web3 and gaming ecosystem, while Animoca Brands will provide its web3 industry expertise in this domain.

Web3 Gaming Generic Graphic

Final Thoughts

The collaboration between KACST and Animoca Brands marks a significant milestone in advancing the web3 and gaming landscape in Saudi Arabia, bringing together the strengths and resources of both partners to fuel growth and innovation. The "Web3 Hub" will soon open registrations for interested participants. 


NewsPartnership

updated:

March 11th 2024

posted:

March 11th 2024

Related News

Animoca Brands Acquires Web3 Streaming Platform Azarus

5 months ago

2 min read

Animoca Brands Acquires Web3 Streaming Platform Azarus

Animoca Brands has acquired Azarus, a prominent player in web3-based game streaming.

Eliza Crichton-Stuart author picture}

Eliza Crichton-Stuart

Head of Operations

Animoca Brands, AWS, & Polygon Labs New Accelerator

5 months ago

2 min read

Animoca Brands, AWS, & Polygon Labs New Accelerator

MoonRealm Express Accelerator announced as Animoca Brands, AWS, and Polygon Labs join forces to support global web3 builders.

Eliza Crichton-Stuart author picture}

Eliza Crichton-Stuart

Head of Operations

Animoca Brands Collaborates with Ubisoft for Web3 Initiatives on Mocaverse

5 months ago

2 min read

Animoca Brands Collaborates with Ubisoft for Web3 Initiatives on Mocaverse

Animoca Brands will collaborate with Ubisoft’s Strategic Innovation Lab to support its web3 initiatives on Mocaverse.

Eliza Crichton-Stuart author picture}

Eliza Crichton-Stuart

Head of Operations

Animoca Brands has invested $30 million in Hong Kong-based Super App Hi

8 months ago

2 min read

Animoca Brands has invested $30 million in Hong Kong-based Super App Hi

Hi is a Hong Kong-based mobile banking services and crypto exchange company. The Super App is renowned for partnering with Mastercard to customize credit cards with NFTs.

Eliza Crichton-Stuart author picture}

Eliza Crichton-Stuart

Head of Operations

Animoca Brands Japan, Apas Port & Cryptoys New Partnership

4 months ago

4 min read

Animoca Brands Japan, Apas Port & Cryptoys New Partnership

Animoca Brands Japan reveals a partnership with Apas Port Inc. and Cryptoys, the digital toy platform developed by OnChain Studios, to deliver new web3 experiences to Japanese collectors.

Eliza Crichton-Stuart author picture}

Eliza Crichton-Stuart

Head of Operations

Animoca Brands Partners with AWS as Official Activate Provider

8 months ago

3 min read

Animoca Brands Partners with AWS as Official Activate Provider

Animoca Brands joins hands with AWS to become an official AWS Activate Provider, enabling portfolio companies to accelerate web3 game development with tools, resources, and support.

Leaderboard

Streaming