Saudi Arabia is emerging as a significant hub for Web3 startups, according to a recent report by Adaverse. The report highlights the country as an attractive destination for Web3 entrepreneurs, investors, and talent globally. Companies like OVioHQ are actively contributing to this ecosystem, with plans to establish a Riyadh Base Camp aimed at fostering innovation in the region. The Abu Dhabi Blockchain Center is also set to serve as a platform for launching Web3 applications, further emphasizing the growing interest and investment in blockchain technology across the Middle East.