Astra Nova, a Riyadh-based AI-driven Web3 entertainment firm, has successfully raised USD 48.3 million to enhance its platform for creators. This includes USD 41.6 million from a recent funding round, building on previous investments from various institutional backers. The company offers tools like TokenPlay AI, NovaToon, and Deviants: Fight Club, enabling creators to launch blockchain-based projects without coding skills. With strategic partnerships with NEOM, NVIDIA Inception, and Alibaba Cloud, Astra Nova has attracted over 250,000 global users. The funds will be utilized to accelerate product development, expand teams, and penetrate new markets across the Middle East, Europe, and Asia while ensuring regulatory compliance. Astra Nova is poised to establish itself as a leading AI-powered Web3 entertainment ecosystem, merging gamification, storytelling, and blockchain technology to empower creators with ownership and monetization tools. This initiative reflects Saudi Arabia’s ambitions in the AI and Web3 creative industries.
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