Saudi Arabia's first NFT marketplace Nuqtah completes seed round financing, led by Animoca Brands

2023-03-16 09:19:58

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ChainCatcher news, Saudi Arabia's first NFT marketplace Nuqtah has announced the completion of its seed funding round, led by Animoca Brands, with participation from Polygon and local investors, although the specific amount raised has not been disclosed. The company will use the new funds to expand its operations in product development, marketing, talent recruitment, and other business areas over the next 12 months.

Nuqtah is the first NFT marketplace to be licensed by the Saudi Ministry of Communications and Information Technology and the Ministry of Investment, aiming to help individuals and businesses easily create, deploy, and monetize NFTs without navigating complex blockchain infrastructure, while empowering NFT creators, businesses, and users to unlock the Web3 market and provide new opportunities for the region. (Source link)

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