The9 ( (NCTY) ) has provided an update.
The9 Limited announced on March 31, 2025, that it has secured an $8 million strategic investment from cryptocurrency investment funds, including Elune Capital, Fine Vision Fund, and Bripheno Pte. Ltd., to develop a global GameFi platform. This investment will facilitate The9’s entry into the GameFi industry, leveraging blockchain technology and cryptocurrency to enhance gaming experiences and attract a diverse range of gamers and cryptocurrency users, positioning The9 as a potential market leader in the GameFi sector.
More about The9
The9 Limited is an Internet company listed on Nasdaq since 2004, engaged in online games operation and Bitcoin mining business, aiming to become a global diversified high-tech Internet company.
YTD Price Performance: -6.68%
Average Trading Volume: 86,343
Technical Sentiment Signal: Sell
Current Market Cap: $130.4M
For detailed information about NCTY stock, go to TipRanks’ Stock Analysis page.