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 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.