The Saudi Ministry of Culture, in partnership with droppGroup and Oracle, confirmed the launch of the ‘Cultural Universe‘, a government-operated national Metaverse initiative for exploring Saudi culture and heritage. Operated by droppGroup’s Generative Media Intelligence (GMI) AI system, droppPhygital, and Oracle’s Hyperledger Fabric 2.5 blockchain network, the initiative went live on February 22, 2024, aligning… Continue reading Saudi Ministry Of Culture And droppGroup Introduce ‘Cultural Universe’
Tag: Saudi arabia
Saudi Arabia’s Sovereign Wealth Fund Invested In Magic Leap
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, announced that it invested more than $590 million into Magic Leap, a US-based firm that specializes in virtual reality headsets. The strategic investment positions Magic Leap perfectly to compete directly with industry giants like Meta and Apple in the rapidly growing augmented and virtual reality… Continue reading Saudi Arabia’s Sovereign Wealth Fund Invested In Magic Leap
Saudi Arabia Invested $50M In Web3 Gaming Firm Animoca Brands
Saudi Arabia has made a solid move by investing up to $50 million in Animoca Brands, a top provider of blockchain-based digital entertainment and gaming products. The investment strives to promote the adoption of cryptocurrency technology in the area and reinforce Saudi Arabia’s futuristic city project Neom. The strategic partnership signifies the kingdom’s commitment to… Continue reading Saudi Arabia Invested $50M In Web3 Gaming Firm Animoca Brands
Saudi Arabia Celebrating Their National Day In The Metaverse
Saudi Arabia citizens are allowed to celebrate their country’s National Day in the Metaverse. The 3-day celebration is happening in the Decentraland metaverse between September 22 and 24. From traditional nonfungible token (NFT) outfits to an open-air museum, the immersive experience pays homage to Saudi Arabia’s incredible culture and history. The Arab nation is celebrating… Continue reading Saudi Arabia Celebrating Their National Day In The Metaverse