Animoca Brands has invested in Nuqtah, the first NFT marketplace in Saudi Arabia.
Nuqtah publicly declared a seed funding round which was headed by Animoca Brands. The round also involved Polygon and some regional financiers. With this fund, Nuqtah will grow its operations in the upcoming year.
In the past year, NFTs have been gaining traction on a global scale. This emerging technology has made headlines in mainstream media and has increasingly become a popular asset class. With its newfound popularity, countries, like Saudi Arabia, have started to see the potential of NFTs and the benefits they can bring to their citizens.
Nuqtah’s capacity to expand its operations in merchandise production, advertising, and employee recruitment is bolstered by the recently acquired capital. Meanwhile, Animoca Brands’ stake in MENA augments and diversifies its portfolio. The inclusion of Polygon also implies a bright future for the platform, as the first-ever trading venue officially licensed by the Saudi Arabian government.
NFTs have the potential to revolutionize digital asset trading, and, with NFTs, Nuqtah is in a strong position to take advantage of this new wave of technology.
Nuqtah, the pioneering licensed NFT platform in Saudi Arabia, provides creators and companies with unprecedented access to the Web3 realm.
It has been strategically designed to make it hassle-free for everyone to craft, market, and monetize their collection of NFTs!
About Animoca Brands
Animoca Brands is a leading mobile games and entertainment company that creates, publishes, and distributes innovative products worldwide.
The company focuses on creating engaging experiences by leveraging its portfolio of well-known brands, such as The Sandbox.
Animoca Brands is committed to creating a fairer, more enjoyable digital economy for content creators and Web3 enthusiasts.