Hong Kong-listed company Tianji Holdings plans to invest HKD 10 million to promote Web3 sports intellectual property projects

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Techub News Announcement, Hong Kong-listed company Tianji Holdings has issued a notice, planning to upgrade its existing intellectual property (IP) business model through technological empowerment, including utilizing Web3 blockchain technology to “put IP products on the chain” to create unique, tamper-proof, and traceable digital identities. The company also plans to leverage artificial intelligence and virtual reality technologies to achieve product digitization and real-time interaction. Additionally, the company intends to use Web3 and AI for on-chain membership management and data analysis.

The issuance of warrants is expected to raise up to approximately HKD 60 million. Of this, about HKD 10 million will be used to promote the application of Web3 and AI technologies in existing IP projects such as La Liga clubs; approximately HKD 25 million will be used to explore IP licensing opportunities in fields such as culture, sports, tourism, and health; and about HKD 25 million will be allocated for general operating funds.

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