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Jiuzi New Energy plans to invest up to 30 million USD in AetheriumX to lay out Web3 infrastructure
According to PR Newswire, the Nasdaq-listed Chinese company Jiuzi New Energy (stock code: JZXN) announced the signing of a strategic cooperation memorandum (MOU) with the blockchain infrastructure project AetheriumX, planning to invest up to $30 million in its core product "Distributed Capital Intelligent Protocol" (DCIP). The DCIP protocol is positioned in the fields of defi-119">decentralized finance (DeFi), GameFi, and digital asset strategy execution, aiming to provide on-chain interaction and asset management infrastructure for the global Web3 ecosystem.
According to the memorandum, the cooperation between the two parties will focus on three dimensions: on the technical level, Jiuzi New Energy plans to deeply integrate the DCIP technology stack, embedding on-chain automated strategy execution capabilities into its own business scenarios; on the business level, both parties will jointly develop products and services related to DeFi, GameFi, and digital asset strategy execution; on the ecological level, as the DCIP protocol ecosystem expands, Jiuzi New Energy will participate in the revenue sharing of the protocol and its surrounding ecosystem.
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