Outlier Ventures has partnered with Saudi NTDP to launch a Web3 accelerator program

ChainCatcher news, according to The Block, Outlier Ventures has partnered with the Saudi Arabian National Technology Development Program to launch a web3 accelerator program in Riyadh.

The program aims to support Web3 startups in Saudi Arabia, with expertise and investment opportunities provided by Outlier Ventures. This move aligns with Saudi Vision 2030, accelerating the development of technologies and infrastructure related to cryptocurrency, Web3, and the metaverse.

In October last year, the strategic investment department of Saudi Arabia's NEOM mega project proposed to invest $50 million in Animoca Brands to promote the development of Web3 infrastructure in the NEOM region.