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The Saudi ATQEN Group, which helps composition and structuring for Korean corporations to take part within the Neom Metropolis mission, one in every of Saudi Arabia’s mega tasks, employed a complete of 10 Korean corporations throughout the go to of Crown Prince Mohammed bin Salman to Korea on November 17, 2022. designated as a consortium associate. Among the many fields that may take part in Neom Metropolis, comparable to development, IT, and vitality, NEOM Metropolis can be constructed utilizing superior applied sciences of Korean corporations. Amongst them, Korea’s next-generation blockchain know-how firm Meta.N, “Meta.N stands out within the IT blockchain discipline.” And Meta.N newly established the Meta.N consortium with Sewon E&C (KOSPI:091090, listed firm) to deal with this mission, led by CEO Meen Eom, after intensive know-how improvement for about 4 years. As a matter of truth, Meta.N and Sewon E&C had already constructed a strategic partnership of the blockchain & NFT know-how discipline since 2021.
Meta.N consortium plans to make use of the next-generation blockchain know-how of the Meta.N to create a digital foreign money to be utilized to Saudi Arabia’s good metropolis, and to create a cost coin completely for Neom Metropolis based mostly on crude oil-based ‘steady coin’. The “Meta.N” consortium’s cost coin mission additionally contains plans to construct a crude oil-based ‘steady coin’ that can be utilized every day within the Kingdom of Saudi Arabia and the UAE. Set up a future technique for the way the answer of the Meta.N consortium, which is specialised within the digital asset market, can be mixed with the Neom Metropolis mission and the Meta.N consortium’s crude oil-based ‘steady coin’, and thru future discussions, the Meta.N consortium plans to make use of the blockchain know-how in Neom Metropolis.
ATQEN stated that Saudi Arabia’s Neom Metropolis is selling digital convergence, and they’re anticipating so much from Meta.N’s position. Together with this, in relation to the UAE enterprise mission, Meta.N CEO Meen Eom stated, “We are going to assemble a system that may pay for useful resource transactions utilizing Meta.N’s crude oil-based ‘steady coin’.” and “In Gulf Cooperation Council (GCC) nations together with the UAE, crude oil-based ‘steady cash’ may be paid and traded utilizing Meta.N’s cost coin. The world’s dependence on our crude oil-based steady cash will enhance dramatically. Now, with our technique of making a ‘steady coin’ and mixing DAG assure/insurance coverage options, crude oil will transcend its real-world use and dominate the world of digital belongings.”
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