Animoca Brands and stc play sign a partnership to distribute games on stc play gaming platform
9 May 2023 – Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and stc play announced today the signing of a memorandum of understanding (MoU) for a commercial agreement where both parties collaborate on publishing video games in MENA, through stc play platform and other distribution channels.
Yat Siu, the co-founder and executive chairman of Animoca Brands, commented: “Partnering with stc play is a significant advancement of our expansion strategy in the Middle East. As one of the largest telecom companies in the region, stc provides access to several million business and retail users across its expansive service offerings.”
Bader Almarshoud, the head of stc play, commented: "Following our strategy and as an extension of our venture into gaming industry, we are glad to announce our collaboration with Animoca Brands to expand the gaming sector in Saudi Arabia by publishing video games in the MENA region using different distribution channels. This collaboration bridges the gap between the global and local games developing studios and its audience.”
This commercial partnership with stc play represents another milestone in Animoca Brands’ strategy to support and develop the gaming and Web3 industries in Saudi Arabia and, more broadly, the MENA region. Recently, Animoca Brands made a strategic investment into Nuqtah, Saudi Arabia’s first NFT marketplace. Shortly before that, Animoca Brands entered into a strategic partnership with Manga Productions, the leading animations, comics, and games production company in the Middle East.
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About stc play
stc play, the gaming arm of the digital enabler in the region stc, is a gaming platform that offers gamers the chance to discover rich content created by other gamers and users, browse different gameplay sections, shop for gaming gear and digital items like vouchers. and participate in or create tournaments with other gamers. It also provides a chat feature to facilitate interaction between gamers. stc play has received numerous awards in Saudi Arabia and in the MENA region for its countless activities and initiatives. For more information visit www.stcplay.com.sa.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, Phantom Galaxies, Life Beyond, Crazy Kings, and Crazy Defense Heroes, and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Life Beyond Studios, Notre Game, TinyTap, Be Media, PIXELYNX, and WePlay Media. Animoca Brands has a growing portfolio of more than 380 Web3 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook.
Contact: press@animocabrands.com