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Company Takes First Step Toward Embracing Cryptocurrency as Part of its RWA Tokenization Roadmap
NEW YORK–(BUSINESS WIRE)–
Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (“AGAE” or the “Company”), a worldwide experiential leisure firm, at this time introduced that it has made an preliminary funding in Bitcoin (BTC) and Ethereum (ETH) as a part of its company treasury administration technique. This transfer marks the Company’s first step towards incorporating cryptocurrency into its stability sheet and lays the muse for AGAE’s broader blockchain and Real World Asset (RWA) tokenization initiatives.
AGAE’s funding underscores the Company’s perception within the long-term worth of digital property and their function in shaping the way forward for blockchain integration inside gaming, leisure and digital content material area. By holding BTC and ETH as a part of its diversified asset base, AGAE is establishing a forward-looking presence on the intersection of leisure, know-how, and Web3 innovation.
“We see cryptocurrency not only as a store of value, but also as a strategic building block for the future of our business,” stated Mr. Yangyang (James) Li, CEO of AGAE. “Integrating blockchain and digital assets into our ecosystem is a natural progression of our vision to connect people through gaming, entertainment, and innovative financial technologies.”
The adoption of cryptocurrency as a company asset represents the primary part of AGAE’s complete digital technique. Future initiatives embody:
By incorporating BTC and ETH into its asset allocation technique, AGAE seeks to reinforce its monetary basis whereas aligning with the accelerating adoption of digital property by institutional buyers and international enterprises, supported by a regulatory panorama that’s steadily evolving to allow broader market acceptance.
View supply model on businesswire.com:
Investor Contact:
Addo Investor Relations
ir@alliedgaming.gg
Source: Allied Gaming & Entertainment, Inc.
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