Saudi Arabia

On April 2nd, it was announced that the real estate company Flow founded by former CEO Adam Neumann of WeWork is considering launching in Saudi Arabia. At a conference in Miami Bea

On March 16th, Nuqtah, the first NFT market in Saudi Arabia, announced the completion of a seed round of financing, led by Animoca Brands, and participated by Polygon and a group of local investors. However, the specific amount of financing has not yet been disclosed. The company will use the new funds to expand its business in product development, marketing, talent recruitment, and other business areas in the next 12 months. Nuqtah completes seed round financing in Saudi Arabia’s NFT market, led by Animoca Brands Analysis based on this information:Nuqtah, the first NFT market in Saudi Arabia, has just completed its seed round financing, led by Animoca Brands, alongside Polygon and a group of local investors. While the exact amount of financing has not been disclosed, this announcement carries significant weight for the digital art community across the country. The primary reason for its inception is to provide a trustworthy and secure marketplace for artists to trade digital assets and…