Reddit Posts
"This is a real-life dystopian city, and it's going to be powered by a blockchain soon."
‘Neom Coin’ attempts to capitalize on the promotion for the futuristic LINE city, but it’s not connected to Saudi Arabia’s NEOM.
NEOM And Arqit To Collaborate On World’s First Cognitive City Digital Currency
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>Meanwhile, in Saudi Arabia, NEOM — a $500 billion futuristic metropolis on the Red Sea — will also build a parallel digital version of its cityscape, enabling people to coexist in both the real world and the Metaverse simultaneously. ​ This city looks like long pipe (dream) on a map.
The "Save the planet" argument will sink us in a digital dystopia, which will erase our last standing glimpse of dignity and humanity. See the UAE mega-project NEOM. They say "zero carbon emissions city", but the carbon emitted while building will overcompensate, what is being saved afterwards. Btw, first thought after reading this post was "wtf, is this a joke" and the very second thought was "I'm happy, this is a joke" followed by the third one "is it, right?"
tldr; Neom Coin, a new cryptocurrency, has started trading on one of the world’s largest trading platforms for digital coins BitMart. Its maker, India-based Neom Blockchain Technologies, said the city of NEOM has “no responsibility for the price movements of the cryptocurrency called Neom,” which is an abbreviation for New Earth Order Money. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The company claims to be in negotiations with NEOM to provide blockchain and graphene technologies in the futuristic Saudi city . NEOM denies any existing link with the new cryptocurrency RIYADH: A new cryptocurrency, Neom Coin, has started trading on one of the world’s largest trading platforms for digital coins BitMart — but it’s not connected to Saudi Arabia’s NEOM. Its maker, India-based Neom Blockchain Technologies, said the city of NEOM has “no responsibility for the price movements of the cryptocurrency called Neom,” which is an abbreviation for New Earth Order Money. The statement was released on its account on Twitter, which earlier took it down for violating the social media platform’s rules. Twitter later “unsuspended” the account after Neom Blockchain “provided official and legal documents to Twitter executives.” The company claims to be in negotiations with NEOM to provide blockchain and graphene technologies in the futuristic Saudi city. It said it’s also in talks with “many states and smart cities in the Middle East.” NEOM said it “has nothing to do with any third party claiming to offer a NEOM cryptocurrency,” its communications team confirmed to Arab News over email. “NEOM does not have any digital or cryptocurrencies, or plans to offer any, at this time. Any claims relating to a cryptocurrency to be issued by NEOM are false and may be related to criminal activities,” the team said, reiterating a “crypto disclaimer” it has on its website. Abdullah Mashat, an active crypto investor and managing director of a private Saudi retail company said: “Having the NEOM name will cause the same confusion knowing that the saudi city aims to have a futuristic outlook. I do believe consumers should do their own due diligence prior to any investments.”
tldr; One billion dollars will be invested in Prosperity7 Ventures by Saudi Arabia’s state-owned oil corporation Aramco. The NEOM Tech & Digital Company, named after the futuristic Saudi Arabian metropolis of the same name, received a $1 billion investment as part of this deal. In all, the kingdom plans to spend about $6.4 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*