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Search Results for: saudi

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

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

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