After its success in Southeast Asia, Animoca Brands is entering Saudi Arabia's Web3 gaming market, announcing a strategic plan to boost the local ecosystem and provide opportunities to startups.
Kensuke Amo is a former managing executive officer of local exchange Coincheck and joins Animoca to drive growth in Japan and to expand Web3 initiatives.
Hong Kong-based Animoca Brands and Neom Company have signed a memorandum of understanding to streamline the Saudi Vision 2030 plan with Web3.
Animoca Brands unveils Moca ID, an NFT-based digital identity solution within the Mocaverse ecosystem, following a successful $20M funding round led by CMCC Global and other venture capital firms.
The "crypto winter" won't deter Animoca Brands from making a foray into the Middle East with new projects and partnerships lined up intended to lure the region's young population.
The current amount raided is a far cry from the announcement in 2022 in which Animoca Brands noted that it planned on raising up to $3 billion.
