Search Results for: saudi

U.S Manufacturers Embracing Metaverse as per World Economic Forum

Saudi Arabia Unveils Groundbreaking ‘Cultural Universe’ Metaverse in Collaboration with droppGroup and Oracle

In a historic partnership, droppGroup, Oracle, and the Saudi Ministry of Culture are pleased to announce the opening of the Cultural Universe, the first government-run national Metaverse project in history. It is powered by droppGroup’s droppPhygital Generative Media Intelligence (GMI) AI system and Oracle’s Hyperledger Fabric 2.5 blockchain technology. In

February 26, 2024 2 mins read

A.I Crypto Powerhouse Receives Billionaire Interest, Hedera (HBAR) 250 Million Saudi Investment

The Billionaire’s Bet: A.I. Crypto Powerhouse Ignites the Market In an era where artificial intelligence and blockchain technology converge to create groundbreaking opportunities, a story of vision, innovation, and strategic investment unfolds. It’s the narrative of Option2Trade (O2T), an A.I. crypto powerhouse, captivating the interest of billionaire investors and setting

February 8, 2024 4 mins read

Validation Cloud Unveils Platform Catering to Institutional Stakers

Animoca Brands Collaborates With Saudi’s NEOM to Foster Web3 Ecosystem

On October 30th, NEOM Investment Fund of Saudi Arabia and Web3 games producer Animoca Brands announced a new agreement to propel Web3 growth within the area. Moreover, as stated in the announcement, Animoca will be collaborating with NEOM to develop Web3 business service capabilities. Although the worldwide applicability of the

October 30, 2023 2 mins read

Reddit Co-founder Foresees a Collision of AI and Blockchain Technologies

Saudi Arabia Eyes Web3 and Blockchain Gaming Ambitions

Saudi Arabia’s aspirational Vision 2030 has fueled a surge in the country’s attempts to diversify its economy. The kingdom has welcomed new technology like blockchain and AI, and entered lucrative new areas like the gaming industry in an effort to reduce its reliance on oil. However, Web3 experts believe that

September 8, 2023 2 mins read

Saudi Metaverse Partnership Pushed Sandbox (Sand) Price by 30%

The Sandbox (SAND) experienced a surge of 30% following the announcement of a strategic partnership between itself and Saudi Metaverse. The first government-backed blockchain project in the Kingdom of Saudi Arabia. Through this partnership, Sandbox will collaborate with Saudi Metaverse. Thus bringing its world-building tools and expansive NFT library to

February 8, 2023 2 mins read

Saudi Arabia Forays Into CBDC Exploration Through Saudi Central Bank

The CBDC Experiment was announced by the Central Bank of Saudi Arabia in a press statement published today. The central bank plans to continue its experiments with a possible CBDC deployment, according to the statement. The statement reaffirms the country’s commitment to explore the CBDC from a wholesale perspective. In

January 25, 2023 1 min read

Saudi Arabia Declares it Open to Trade with Other Currencies

The kingdom of Saudi Arabia, whose currency has been pegged to the dollar, seeks to strengthen its ties with prominent trading partners such as China. Finance Minister Mohammed Al-Jadaan announced that the country is open to talking about trading in currencies other than the US dollar. Saudi Arabia Seeks to

January 18, 2023 1 min read

World Fintech Show Features Dynamic Collaborations Set to Influence the Direction of Fintech in Saudi Arabia.

After two thrillingly eventful days, World Fintech Show, Powered by Revival Lab, Fintactics, and Arbah Capitalconcludes after leaving the Saudi fintech industry with a lot to look forward to. This eventis widely considered a pivotal turning point for the Saudi Arabia fintech market. Some of the biggest names and most brilliant

December 20, 2022 8 mins read

Eros Media World Announces Association with Ministry of Investment in Kingdom of Saudi Arabia (MISA)

~ The two entities formalized their association at Future Investment Initiative (FII) being held in Riyadh from 25-27 October 2022 ~ ~ Together they will focus on supporting each other in exploring and creating opportunities in Film & Entertainment content production ~ DOUGLAS, Isle of Man–(BUSINESS WIRE)–Eros Media World PLC

October 27, 2022 4 mins read

Saudi Arabia Appoints New Crypto Chief to Advance Its Digital Goals

The Kingdom’s virtual assets programme will be overseen by Mohsen AlZahrani. Riyadh banned banks from conducting cryptocurrency transactions in 2018. In a sign of the Gulf nation’s prospective interest in cryptocurrencies, Saudi Arabia’s banking regulator recently named Mohsen AlZahrani to head its virtual assets and central bank digital currency initiative.

September 5, 2022 1 min read