MultiMetaVerse establishes joint venture Gold ABC

MultiMetaVerse announced the establishment of a new joint venture, Gold ABC Digital Technology, and its initial strategic investments. MMV previously partnered with Zhenghe, a blockchain technology service provider, to form Gold ABC, a Hong Kong-based entity focused on algorithms to achieve self-holding asset appreciation. This collaboration aims to leverage the expertise of both parties in financial technology, blockchain, and traditional finance. MMV owns 20% of Gold ABC and Zhenghe is responsible for Gold ABC’s daily management and operation. Earlier this month, Gold ABC borrowed 500 Bitcoins at an average cost of $60K per Bitcoin from Zhenghe for a one-year term at 8% interest per annum. Gold ABC intends to utilize its established AI algorithms for secondary market trades to manage and increase the value of these assets. Over the next three months, Gold ABC intends to open a position and buy gold.