“The purchased NFT will work also as deposit and exclusive rights from the virtual to the real space,” said Lazzarini. Approving giant lavish architectural projects would not be something new for Saudi Arabia. In recent years, Crown Prince Mohammed bin Salman, Saudi Arabia's de facto leader, has been pushing forward ambitious projects with the aim of steering the kingdom's economy away from petrodollars. At the centre of these efforts are the planned construction of a $500bn futuristic desert city, Neom, and a $27bn megaproject in the holy city of Mecca.
