The South Korean game developer, Wemade, has announced the intent to partner with the Ministry of Investment in Saudi Arabia, otherwise known as MISA, to accelerate Web3 gaming and gaming as a whole.
Blockchain technology has given rise to numerous unexpected leaders in the space, whether it’s El Salvador accepting Bitcoin as a national currency, or Epic Games stepping up to the Web3 gaming plate. Now, Saudia Arabia is looking to become a leading force in both gaming and blockchain and has partnered with Wemade to accelerate both.
In today’s press release, Wemade announced that a Memorandum of Understanding (MoU) had been signed to assist in growing Saudi Arabia’s gaming industry and blockchain sector. Saudi Arabia has the ambition to become a leading global gaming hub by 2030 and it appears that blockchain gaming represents a window of opportunity on this front.
We are very excited for Wemade’s progress in expanding its activities in Saudi Arabia and looking forward to continue supporting Wemade’s footprint through connecting it to strategic partners in the sector. This progress would be yet another step further into realizing the national objective of becoming a hub for gaming and esports in line with the National Gaming and Esports Strategy.
— MISA Representative
This is not the first Web3 gaming move that Saudi Arabia has made. In fact, earlier this year, The Sandbox also signed a MoU with the Saudi government to support metaverse development.
Wemade has become a familiar name in Web3 too, particularly with its WEMIX blockchain gaming platform that plays host to even noteworthy titles such as the brilliant but troubled MMORPG, Bless Unleashed. Less than a month ago, we also reported the partnership between the Near Foundation and Wemade. The company is fast becoming a key player in blockchain gaming and yet another string to the bow of Asia’s potential in Web3.
As for Saudi Arabia’s next move, we’ll have to wait and see, but the country’s intentions are crystal clear and the moves being made to further them are significant. We could see the MENA region competing with Asia for the top spot in blockchain gaming within the next decade.
