Crypto mining company Phoenix Group acquires 12.5% of Rekt Studios shares to enter the Web3 game market
Cryptocurrency mining company Phoenix Group, headquartered in Abu Dhabi, has announced the acquisition of a 12.5% stake in Web3 gaming and entertainment company Rekt Studios. The specific acquisition amount has not been disclosed. This transaction was facilitated through Phoenix Group's wholly-owned subsidiary, Phoenix INV Holdings, marking the company's strategic move beyond the cryptocurrency mining field. Rekt Studios mainly provides solutions for gamers to own, manage their gaming experience and assets, and profit from them.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin scaling protocol QED raises $6 million seed round at '9-figure' valuation
QED Protocol has raised $6 million in a seed funding round from Blockchain Capital.The round brought QED’s valuation to a “9-figure” amount, meaning at least $100 million, founder Carter Feldman told The Block.
