Nuqtah completes first seed funding round led by Animoca Brands

Hong Kong-based blockchain gaming platform, Nuqtah, has successfully raised its first seed funding round led by blockchain gaming giant Animoca Brands. The undisclosed amount of funds will be used to further develop and expand Nuqtah’s blockchain-based platform, creating new gaming experiences and innovative solutions for gamers and developers. The investment from Animoca Brands, which also includes strategic advice and support, is expected to help Nuqtah establish itself as a leading player in the fast-growing blockchain gaming industry. With a strong focus on blockchain technology, Nuqtah aims to revolutionize the gaming space, enabling players to truly own their in-game items, trade them on an open market and earn rewards in cryptocurrency.

Nuqtah, the pioneering NFT marketplace of Saudi Arabia, has recently concluded its seed funding round with Animoca Brands serving as the lead investor. Other investors who participated in the funding round include Polygon and local investors. The funds raised will be used to further expand Nuqtah’s business in the next 12 months. Nuqtah has obtained licenses from both the Ministry of Communications and Information Technology and the Ministry of Investment. The platform aims to assist businesses, creators, and users in exploring Web3 opportunities without requiring navigation of complicated blockchain structures. With Animoca Brands’ support, Nuqtah hopes to make it easier for local technical talent and artists to explore Web3. Animoca Brands’ Co-Founder and Executive Chairman, Yat Siu, views the investment in Nuqtah as a meaningful step towards Web3’s development in MENA and a way to promote NFT adoption in the region. Salwa Radwi, an award-winning artist, photographer, and blockchain supporter, has been leading Nuqtah since its launch in 2021 as a unique blockchain service provider. Salwa expressed her delight over the recent funding round, which will help boost Nuqtah’s presence throughout MENA.

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