Boya Interactive plans to invest $1 million in a fund and strategically cooperate with Pacific Waterdrip to further promote the group's business development and layout in the Web3 field
Boya Interactive plans to invest $1 million and strategically cooperate with Pacific Waterdrip to promote the group's business development and layout in the Web3 field. The investment will mainly be used for blockchain projects in the metaverse, non-fungible tokens, and Web3 infrastructure. In addition, the group will collaborate with Pacific Waterdrip to develop Web3 games and explore the Bitcoin ecosystem. This investment and cooperation will further develop the group's business in the Web3 field, leveraging the group's experience in the internet gaming sector to create a pure and leading Web3 listed company
Smart Finance APP News, Boya Interactive (00434) announced that the group has recently signed a subscription agreement with Pacific Waterdrip Digital Asset Fund SPC, investing $1 million in Pacific Waterdrip Digital Asset Fund SP I. According to the information provided by the fund, it will mainly be used to invest in projects in the blockchain field such as the Metaverse, Non-Fungible Tokens (NFT), and Web3 infrastructure.
In addition to investing in this fund, the group will also engage in strategic cooperation with Pacific Waterdrip in Web3 game development and the Bitcoin ecosystem.
Waterdrip Investment Limited has invested in over 150 blockchain-related projects. The fund is jointly participated by Waterdrip Investment and China Taiping Investment Management (Hong Kong) Limited (Taiping Investment Hong Kong), with Taiping Investment Hong Kong serving as the investment advisor and sole distributor of the fund. Taiping Investment Hong Kong holds licenses from the Hong Kong Securities and Futures Commission for Type 1 (Dealing in Securities), Type 4 (Advising on Securities), and Type 9 (Asset Management).
The board of directors believes that this investment and cooperation will further drive the group's business development and layout in the Web3 field, indicating the group's commitment to deepening its presence in the Web3 sector. Leveraging the group's rich experience in the internet gaming industry and the opportunities presented by the new Web3 policies in Hong Kong, the group aims to establish a pure and leading Web3 listed company