The Block Crypto News15 minutes ago

Published on March 26, 2024 11:34 GMT+00:00edited on March 26, 2024 11:39 GMT+00:00

Outlier Ventures and Saudi Arabia's National Technology Development Program have announced a strategic partnership to launch a web3 accelerator program in Riyadh.

A Memorandum of Understanding has been signed, and the accelerator program will start later this year and will be part of Saudi Arabia's Saudi Vision 2030 plan. The accelerator's focus will be to support web3 startups in Saudi Arabia, with Outlier Ventures providing expertise on web3 product development, entity structuring and token design. Startups selected for this accelerator program will receive mentorship from leading figures in the web3 sector and potential investment opportunities.

"We are looking forward to bringing our 10 years’ experience, in-house world-class expertise and track record of helping web3 startups …