NEWS
MultiMetaVerse Enters into an Agreement to Establish a Joint Venture for Fintech Business
MultiMetaVerse Holdings (MMV), a leading Chinese animation and entertainment company, has entered into an agreement with Zhenghe Holding to form a joint venture focused on trading alternative assets using quantitative investment algorithms. Zhenghe will own 80% of the joint venture and handle daily operations, while MMV will hold a 20% stake and appoint one board director. The joint venture aims to capitalize on alternative assets like cryptocurrencies and gold, leveraging Zhenghe's blockchain expertise and trading strategies. Both companies aim to make AI-driven research a cornerstone of the venture, and MMV may consider increasing its stake in the future.
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