TechFlow news, April 1 — According to an official announcement, NASDAQ-listed The9 Limited has signed a private placement agreement with cryptocurrency investment funds Elune Capital, Fine Vision Fund, and Bripheno Pte. Ltd., securing $8 million in strategic investment.
The9 will establish a new company to operate a GameFi platform and plans to collaborate with global cryptocurrency foundations to issue tokens as the platform's official cryptocurrency. In addition, The9 intends to allocate 10% of its shares over the next three years to support market operations and trading of the GameFi token. The9's CFO George Lai stated that this collaboration marks a significant milestone in the company's expansion into the global game finance industry.
Add to Favorites
Share to Social Media
