Animoca Brands and Manga Productions Partnership will Develop Web3 Projects
Animoca Brands continues to with its global expansion region the MENA region where it inks an MOU with Saudi-based Manga Productions to develop and promote Web3 and blockchain projects in the region.
Animoca Brands, a company that makes Web3 and blockchain games, is expanding to the MENA region and working with Manga Productions to do so. Manga Productions is a Saudi entertainment company under Saudi Crown Prince Mohammad Bin Salman’s Misk Foundation. Both companies signed a memorandum of understanding on Thursday. The goal of the partnership is to work together on Web3 projects that use Manga Productions' characters and content. Manga Productions is famous for its top-quality animations, comics, and super exciting games.
The third generation of the World Wide Web, called Web3, is still being built. It is becoming less centralized and more open as it grows. This evolution incorporates blockchain technologies to enable the seamless sharing of information and transactions.
Manga Productions and Animoca Brands Agreement
Manga Productions CEO, Essam Bukhary, announced an agreement between the two companies. They will collaborate on various initiatives aimed at promoting the Saudi company's content in the Web3 ecosystem. Moreover it will develop the local blockchain industry, and enhancing media accessibility.
Furthermore, through their partnership, Animoca Brands and Manga Productions plan to collaborate closely across several major areas. Their initial focus will be on co-creating Web3 pilot projects. They will use Animoca Brands' extensive ecosystem and leveraging Manga Productions' premium content portfolio in the Middle East.
Animoca says that their main goal has been to protect digital property rights in the gaming and open metaverses. In the meantime, Manga Productions has become one of the most important companies in the Middle East for making games, comics, and animation. The two companies plan to collaborate on a range of Web3 pilot projects. It will leverage Manga Productions' top-tier content portfolio across Animoca's extensive ecosystem.
Animoca Brands Web3 Prowess will Help Manga Productions
In order to provide local talent with education and vocational opportunities in relevant fields, Animoca has pledged to utilize its operational and industry resources. The company has initiated discussions with educational institutions in the region to create foundational courses on blockchain technology. Moreover, they are already in discussion with Saudi Universities about rolling out blockchain courses for the youth.
According to Bukhary, the collaboration signifies the potential for cross-industry partnerships in the fast-evolving entertainment and gaming sectors.
Bukhary on the Partnership
Manga Productions and Animoca Brands can create engaging and unique experiences. Besides, it will appeal to a wide audience by leveraging each other’s strengths and expertise, Bukhary said.
“We are delighted to announce our partnership with Animoca Brands and taking our IPs (intellectual properties) beyond content and into various applications and 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.”
Animoca Brands Yat Siu Remarks
Yat Siu, the co-founder and chair of Animoca, 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." In addition, the enriched cultural heritage can adapt to various forms of virtual content.
“We look forward to bringing the various initiatives with Manga Productions to life, and we expect to see more activities in the region through investment and strategic collaboration.”
About Manga Productions
Manga Productions develop video games and comics for its Middle Eastern fanbase as well as international audience. They are actively engaged in animation movies and series which they aim to launch globally on TV channels and cinemas. One of its flagship projects in the animation side is The Journey and the anime Future’s Folktales. As for games, Manga Productions has Goul’s Cave and Dhafer The Champion.
About Animoca Brands
Animoca Brands is a renowned company in the digital entertainment, blockchain, NFT, and gamification fields. The company is known for its innovative and leadership role in these industries. It also actively invests in Web3 startups and other gaming studios.
Animoca Brands has an extensive product portfolio, which includes the REVV and SAND tokens. Moreover, it has games like The Sandbox, Crazy Kings, and Crazy Defense Heroes. Products featuring popular intellectual properties like Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. The company is known for making and publishing high-quality products in many different categories.
Animoca Brands has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, Lympo, Grease Monkey Games, and Sky Mavis. Additinally, these companies operate in various areas of the digital entertainment, blockchain, NFT, and gamification industries, contributing to Animoca Brands' overall success.
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