Manga Production Company, a subsidy of the Mohammed bin Salman Foundation “MiSK,” has signed a Memorandum of Understanding (MoU) with Animoca Brands, which develops digital property rights for games and open metaverses.
The partnership seeks to initiate a wide range of economic initiatives to facilitate mutual access to intellectual property and activate Manga characters and projects for production in accordance with the modern structure of the third generation of the web.
This will further contribute to the growth of locally emerging technology markets such as “blockchain” technology.
The CEO of Manga Productions, Dr. Essam Bukhari, commented that the partnership with Animoca Brands aims to move the content of Manga Productions beyond the current applications and experiences.
According to the CEO, the cooperation will lead to the development of the creative content industry in the region through expansion in areas and applications such as the Web3, which will be reflected in the expansion of the company’s vision and business in creative content by entering into new projects via the Internet or on the ground.
Mr. Yat Siu, the co-founder and chair of Animoca, praised the company’s cooperation with Manga Production Company, calling it one of the fastest-growing Web3 systems, as well as its expansion in the Middle East.
Mr. Siu added that Animoca Brands has started its first discussions with Saudi universities to develop introductory courses on blockchain, in addition to harnessing its operational and development resources to offer educational as well as professional opportunities for Saudi talents in related fields.
Furthermore, the partnership is part of Manga Productions’ efforts to adopt blockchain technology in its productions and to enhance its economic and cultural initiatives in creating creative content in the digital world.
