Jiuzi Xineng plans to invest up to $30 million in AetheriumX, laying out Web3 infrastructure

According to PR Newswire, Chinese company Jiuzi Xineng, listed on NASDAQ (stock code: JZXN), has announced a strategic cooperation memorandum of understanding (MOU) with blockchain infrastructure project AetheriumX, planning to invest up to $30 million in its core product, the 'Distributed Capital Intelligent Protocol' (DCIP). The DCIP protocol is positioned in the decentralized finance (DeFi), GameFi, and digital asset strategy execution fields, aiming to provide on-chain interaction and asset management infrastructure for the global Web3 ecosystem. The cooperation outlined in the memorandum will focus on three dimensions: at the technical level, Jiuzi Xineng plans to deeply integrate the DCIP technology stack, embedding on-chain automated strategy execution capabilities into its own business scenarios; at the business level, the two parties will jointly develop products and services around DeFi, GameFi, and digital asset strategy execution; at the ecosystem level, as the DCIP protocol ecosystem expands, Jiuzi Xineng will participate in the protocol and surrounding ecosystem revenue sharing.

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