Meta.N Consortium, a Leader in Korean Blockchain Company, Successfully Obtained a Golden Ticket to Enter the NEOM CITY Project in Saudi Arabia
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Meta.N consortium plans to use the next-generation blockchain technology of the Meta.N to create a digital currency to be applied to Saudi Arabia’s smart city, and to create a payment coin exclusively for Neom City based on crude oil-based ‘stable coin’. The “Meta.N” consortium’s payment coin project also includes plans to build a crude oil-based ‘stable coin’ that can be used daily in the Kingdom of Saudi Arabia and the UAE. Establish a future strategy for how the solution of the Meta.N consortium, which is specialized in the digital asset market, will be combined with the Neom City project and the Meta.N consortium’s crude oil-based ‘stable coin’, and through future discussions, the Meta.N consortium plans to use the blockchain technology in Neom City.
ATQEN said that Saudi Arabia’s Neom City is promoting digital convergence, and they are expecting a lot from Meta.N’s role. Along with this, in relation to the UAE business project, Meta.N CEO Meen Eom said, “We will construct a system that can pay for resource transactions using Meta.N’s crude oil-based ‘stable coin’.” and “In Gulf Cooperation Council (GCC) countries including the UAE, crude oil-based ‘stable coins’ can be paid and traded using Meta.N’s payment coin. The world’s dependence on our crude oil-based stable coins will increase dramatically. Now, with our strategy of creating a ‘stable coin’ and blending DAG guarantee/insurance solutions, crude oil will go beyond its real-world use and dominate the world of digital assets.”