Saudi Arabia is forging ahead with its Vision 2030 economic diversification plan by establishing the Web3 Alliance of Saudi Arabia (WASA). This non-profit group aims to attract international Web3 expertise to the Kingdom.
WASA will focus on raising awareness about Web3 technologies and assisting Saudi Arabia in developing comprehensive regulatory frameworks for the burgeoning sector. Key members include prominent players like The Sandbox, Animoca Brands, and Outlier Ventures.
The alliance signifies Saudi Arabia’s commitment to embracing innovative technologies and fostering a supportive ecosystem for Web3 development within the country. By collaborating with global leaders, WASA intends to position Saudi Arabia as a prominent hub for Web3 innovation in the region.
