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Jiuzixineng Proposes Investment of Up to 30 Million USD in AetheriumX to Develop Web3 Infrastructure
Deep Tide TechFlow News, March 16 — According to PR Newswire, Nasdaq-listed Chinese company Jiuzi New Energy (Stock Code: JZXN) announced the signing of a strategic cooperation memorandum (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 fields of 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 will focus on three dimensions: on the technical level, Jiuzi New Energy plans to deeply integrate the DCIP tech stack, embedding on-chain automated strategy execution capabilities into its business scenarios; on the business level, both parties will jointly develop products and services centered around DeFi, GameFi, and digital asset strategy execution; on the ecosystem level, as the DCIP protocol ecosystem expands, Jiuzi New Energy will participate in revenue sharing from the protocol and surrounding ecosystem.