Saudi’s NEOM partners with Animoca Brands for regional Web3 development
Web3 games developer Animoca Brands and Saudi Arabia’s NEOM Investment Fund announced a new partnership on Oct. 30 to drive Web3 development in the region. According to the announcement, the new deal will have Animoca working with NEOM to build Web3 enterprise service capabilities. Th ...
Saudi Arabia looks to blockchain gaming and Web3 to diversify economy
Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030. In a bid to diversify its economy away from a dependence on oil, the kingdom has embraced emerging technologies, such as blockchain and artificial intelligence (AI), and tapped into bo ...
Jeffrey Sachs Predicts State Cryptocurrencies Will Replace the US Dollar in Payment Sphere
According to Jeffrey Sachs, a renowned economics professor and the director of the Columbia University Center for Sustainability, state-backed digital currencies will eventually replace the US dollar in the payment sphere. Sachs emphasized that up to 60% of foreign trade settlements are presently ...