Animoca Brands partners with Manga Productions to Create a Web3 Project in the Middle East
It is reported that Animoca Brands announced the signing of a strategic partnership with Manga Productions, a Middle East animation, comic and game production …
It is reported that Animoca Brands announced the signing of a strategic partnership with Manga Productions, a Middle East animation, comic and game production company. The cooperation will enable both parties to use Manga Productions’ high-quality IP content in the Middle East to create a Web3 pilot project. Animoca Brands will also use its operation and industry resources to provide education and career opportunities for local talents in relevant fields.
Animoca Brands has reached a cooperation with Manga Productions to create a Web3 pilot project in the Middle East
Interpretation of the news:
Animoca Brands, a Hong Kong-based mobile game developer, has announced a strategic partnership with Manga Productions, a leading animation, comic, and game production company in the Middle East. The collaboration enables both parties to leverage Manga Productions’ high-quality IP content in the region to create a Web3 pilot project. Moreover, Animoca Brands will tap on its industry resources to offer education and career opportunities for local talent in relevant fields.
Web3 is a new generation of the internet powered by blockchain technology that allows for the creation of decentralized applications and platforms. With the rise of non-fungible tokens (NFTs) and blockchain gaming, traditional game publishers, and developers are exploring this new territory. By partnering with Manga Productions, Animoca Brands aims to expand its game portfolio and make its Web3 project stand out with high-quality content.
The Middle East is a region with a rich cultural heritage, and its animation and game industry is rapidly growing. According to a report by The National, the animated content market in the Middle East and North Africa (MENA) region is projected to reach $1.6 billion by 2023. The partnership between Animoca Brands and Manga Productions represents a valuable opportunity for both to tap into this burgeoning market.
Apart from creating a pilot project, Animoca Brands will provide local talent with education and career opportunities. This move is essential in developing the local industry and supporting the growth of the Middle East’s game and animation ecosystem. Animoca Brands CEO Yat Siu mentioned that this partnership aims to “support creative industries in the Middle East while bringing blockchain gaming and NFTs to the region.”
In conclusion, the partnership between Animoca Brands and Manga Productions provides a win-win scenario. Animoca Brands can leverage Manga Productions’ high-quality content to create a standout Web3 project, while Manga Productions can expand its reach and gain access to new markets. The partnership also showcases the potential of blockchain gaming and NFTs in the region and highlights the importance of creating education and career opportunities. Overall, the partnership represents a step forward in the growth of the Middle East’s animation and game industry.
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