Hong Kong’s Animoca Brands gets in on Saudi Arabia’s Web3 ground floor with early investment, partnerships

Animoca Brands is looking to enter the ground floor of Web3 development in Saudi Arabia after recently signing a memorandum of understanding with the country’s primary scientific research centre, said company co-founder and chairman Yat Siu in an interview.

The Hong Kong-based blockchain gaming unicorn recently expanded its cooperation in Saudi Arabia with a memorandum of understanding (MOU) with King Abdulaziz City for Science and Technology (KACST), which it signed during the Leap conference in Riyadh earlier this month. Hong Kong Science and Technology Park (HKSTP) and Cyberport also signed MOUs with KACST during the event.