South Korea’s leading blockchain company Meta.N Consortium successfully obtained the golden ticket to enter Saudi Arabia’s NEOM CITY project

During Crown Prince Mohammed bin Salman’s visit to South Korea on November 17, Saudi Arabia’s ATQEN Group supported Korean companies in the composition and structure of the Neom City project, one of Saudi Arabia’s mega-projects, employing a total of 10 Korean companies, 2022. Designated as Consortium partners. In fields such as construction, IT, and energy that participate in Neom City, NEOM City will be constructed using advanced technologies from Korean companies. Among them, South Korea’s next-generation blockchain technology company Meta.N, “Meta.N stands out in the field of IT blockchain”. Meta.N and Sewon E&C (KOSPI: 091090, listed company) newly established Meta.N Consortium, led by CEO Meen Eom, focused on this project after about 4 years of intensive technical development. In fact, Meta.N and Sewon E&C have established a strategic partnership in the field of blockchain & NFT technology as early as 2021.

The Meta.N consortium plans to use Meta.N’s next-generation blockchain technology to create a digital currency for smart cities in Saudi Arabia, and use crude oil-based “stable coins” to create Neom City’s exclusive payment currency. coin’. The “Meta.N” consortium’s payment coin project also includes plans to create a crude oil-based “stable coin” that can be used on a daily basis in the Kingdom of Saudi Arabia and the United Arab Emirates. After discussions on how the Meta.N Consortium’s solutions specializing in the digital asset market will be combined with the Neom City project and the Meta.N Consortium’s crude oil-based “stable currency”, and through the future formulation of future strategies, the Meta.N Consortium plans to launch in Neom City Use blockchain technology.

ATQEN said that Neom City in Saudi Arabia is driving digital convergence, and they have high hopes for Meta.N’s role. Meanwhile, regarding the UAE business project, Meta.N CEO Meen Eom said, “We will build a system that can use Meta.N’s crude oil-based ‘stable currency’ to pay for resource transactions.” “Including the UAE The Gulf Cooperation Council (GCC) countries can use Meta.N’s payment currency to pay and trade crude oil-based ‘stable coins’. The world’s dependence on our crude oil-based stable coins will increase dramatically. Now, through our creation of ‘stable coins’ Coin’ and incorporating DAG guarantee/insurance solutions, crude oil will surpass its real-world use and dominate the world of digital assets.”