News

Qatar Hosts Middle East’s First Metaverse FIFA Gaming Tournament

All viewers will receive free NFTs from Ooredoo Nation, which they can exchange for merchandise, use to meet the players and various influencers, or keep for investment purposes.

Published

2 years ago

May 28, 2022

David Morelo

qatar hosts middle east's first metaverse fifa gaming tournament

OOREDOO

Qatar’s first metaverse FIFA gaming tournament is in full swing.

EA Sports FIFA 22 Champions Cup, as the tournament is called, is taking place at Aspire Ladies Sports Hall in Doha, giving eSports fans from around the world the chance to see leading FIFA players compete for the title.

In total, 12 top EA Sports FIFA 22 players are participating in the tournament, along with 4 regional players who have unlocked the opportunity to experience what it’s like to compete with professionals through Ooredoo Nation – Gamers’ Land online qualification games.

The best player will win $25,000, the second-best player will win $15,000, and the third- and fourth-best players will win $5,000, a grand prize of $50,000 in total.

To make the tournament more fun for those who are just watching and cheering their favorite players on through the screen, plenty of opportunities for viewers to interact with each other and players alike are provided throughout the tournament.

What’s more, all viewers receive free NFTs from Ooredoo Nation – Gamers’ Land, which they can exchange for merchandise, use to meet the players and various influencers, or keep for investment purposes.

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“We are proud and excited to be venturing into the world of Web 3.0 technologies with this latest eSports development, which aligns perfectly with our strategic commitment to investment in innovation,” said Nasser bin Hamad bin Nasser Al Thani, Chief Commercial Officer at Ooredoo.

If you would like to experience EA Sports FIFA 22 Champions Cup yourself, then head over to its official website. Alternatively, you can watch it at any time on YouTube.

In the UAE, Saudi Arabia, and Egypt, there are currently more than 65 million gamers, and the MENA region is one of the world’s fastest-growing gaming and eSports markets.

Related Topics:FIFA Metaverse Ooredoo Qatar

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

18 hours ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

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Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.