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Animoca Brands Courts $50M Investment From Saudi Arabia's NEOM

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Jamie Crawley is a CoinDesk news reporter based in London.

Metaverse and gaming venture capital firm Animoca Brands plans to enter into a partnership with Saudi Arabia's NEOM Investment Fund focused on Web3 initiatives.

Under the plan, Animoca will build Web3 service capabilities with global commercial applications alongside NEOM to support its aspirations as a futuristic tech hub.

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