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Nuqtah Completes First Seed Funding Round Led by Animoca Brands

Nuqtah, the first NFT marketplace in Saudi Arabia, completed its first seed funding round. The round was led by Animoca Brands, with participation from Polygon and several local investors.

The funds collected from the seeding round will be utilized to scale Nuqtah’s business in the upcoming 12 months. As the first NFT platform in Saudi, Nuqtah has gained a license from the Ministry of Communications and Information Technology. 

In addition, the Ministry of Investment has also provided a license to the platform. The NFT marketplace aims to empower businesses, users, and creators to explore the opportunities in Web3.

Nuqtah helps businesses and individuals to design, release, and monetize their NFT collections. This entire process does not require complicated navigation across the blockchain framework.

(By Roxanne Williams)

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