Onstone Signs MOA for Metaverse with Majet MJ Chairman Who Established UAE Investment Company
[Asia Economy Reporter Kim Bo-kyung] Metaverse platform ONSTON has signed a 'Digital Platform Metaverse Memorandum of Agreement (MOA)' with UAE investment company MJ Asset Investment.
Park Kyung-chan, Chief Marketing Officer (CMO) of ONSTON Foundation, announced on the 16th that the two companies signed the Digital Platform Metaverse MOA on the 14th at ONSTON's headquarters in Samseong-dong, Seoul. The two parties agreed to cooperate in the future development of metaverse, blockchain, and cultural industries.
MJ Asset Investment was founded by Sheikh Majid Rashid AL Mualla, a prince of the UAE. Earlier, Sheikh Majid made a large-scale investment in the cryptocurrency exchange Burjbit as the first signal of a policy to foster the blockchain industry.
Regarding the MOA signing, Sheikh Majid said, "I visited Korea to explore blockchain investment opportunities and held meetings with several companies," adding, "I am pleased to be able to work together with ONSTON's metaverse service."
ONSTON operates a blockchain-based metaverse platform. The virtual currency issued by ONSTON is listed on more than 10 global exchanges.
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Meanwhile, Sheikh Majid stated that he plans to actively support investment and exchange in leading projects in Korea by discussing cooperation with Korean government officials on finance, metaverse, blockchain, and cultural industries within the UAE.
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