Posted 10/30/2023, 1:05:00 PM
Animoca Brands Secures $50M Saudi Investment for Web3 Initiatives
- Animoca Brands planning $50M investment from Saudi Arabia's NEOM Investment Fund
- Partnership focused on Web3 initiatives between Animoca and NEOM, Saudi tech hub project
- Animoca to build global Web3 services alongside NEOM's tech aspirations
- Animoca a prominent Web3 investor valued at $6B in 2022, backed by Temasek
- Comes as Animoca reduced target raise for metaverse fund from $2B to $800M after FTX collapse