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Saudi Arabia to invest billions in metaverse, blockchain technology

Saudi Arabia to invest billions in metaverse, blockchain technology

Saudi Arabia announced investing more than $6.4 billion in total. This includes a $1 billion investment in the NEOM Tech & Digital Company, which is named after the eponymous futuristic city in Saudi Arabia.

The company plans to launch its own metaverse, referring to the 3D digital world where users can interact with one another, the official Saudi Press Agency reported.

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