In order to better serve the needs of the MENA area, Animoca Brands Corporation Ltd and Manga Productions, a major animations, comics, and games production firm, have signed a memorandum of understanding (MoU) to work together on a number of projects inside the Web3 ecosystem. As reported in the metaverse news, virtual worlds have also gained popularity in Asia.
To begin, the partnership will use Manga’s high-quality content inventory in the Middle East while also focusing on co-creating Web3 experimental projects across Animoca’s wide ecosystem.
Also, the company will make use of its operational and industry resources to provide local talent in related fields with access to training and employment opportunities.
Animoca has begun preliminary discussions with Saudi Arabian universities about launching introductory blockchain programs.
The Expanding Middle East
The Expanding Middle East Animoca co-founder and executive chairman Yat Siu said, “We are incredibly excited to join forces with Manga Productions on this partnership to leverage our respective complementary strengths.
Animoca co-founder and executive chairman Yat Siu said, “We are incredibly excited to join forces with Manga Productions on this partnership to leverage our respective complementary strengths. “This partnership is one of our first significant steps in expanding into the Middle East, one of the fastest-growing Web3 ecosystems and a region rich in cultural heritage that can be adapted to various forms of virtual content.
“We look forward to bringing the various initiatives with Manga Productions into life, and we expect to see more activities in the region through investment and strategic collaboration.”
Progress of great significance
With this partnership, Animoca Brands can take a giant step toward its goal of promoting intellectual property rights around the world and bringing in millions of new users to the Web3 virtual economy.
To facilitate the worldwide distribution of content created by Manga Productions and other Arabian creators, they will also look into the possibility of establishing a regional game publishing platform in collaboration with local partners like as Manga Productions.
Manga Productions is taking the first step with this partnership toward implementing blockchain technology across its vast content inventory and creating cultural projects in a shared, decentralized online environment.
The CEO of Manga, Dr. Essam Bukhary, is very excited about the partnership with Animoca Brands and the development of new uses for the company’s intellectual properties beyond the field of entertainment, in the form of a variety of apps and digital experiences.
“With this partnership, we believe that this will further develop the creative industry in the region through Web3 applications as well as expand our portfolio within online and offline activations of IPs.”
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