According to Decrypt, blockchain gaming and Metaverse investment company Animoca Brands has reached a strategic alliance and investment agreement with Neom, a large-scale urban development project in Saudi Arabia, to promote the application of encryption technology in the Gulf region. The two parties signed a memorandum of cooperation to collaborate on digital infrastructure projects that support Neom’s Vision 2030 goals and establish a center to develop the local blockchain ecosystem. Neom's investment arm will also invest $50 million in Animoca Brands, pending the finalization of the agreement. According to the announcement, Neom will invest $25 million in convertible bonds directly into the company and purchase $25 million in Animoca shares on the secondary market. Animoca Brands will advise Neom on building blockchain-based services to enable a new model for development of a planned 34,000 square miles in northern Saudi Arabia. The collaboration will include various Web3 and Metaverse projects targeting Neom’s future vision.

#区块链