#Cryptocurrency #Singapore #The9 Limited #GameFi Platform

The9 Limited Secures Strategic Investment for Global GameFi Platform

In a landmark move, The9 Limited (NASDAQ: NCTY), a well-known Internet company, has entered into agreements for private placement with leading cryptocurrency investment firms. This strategic collaboration, announced on March 31, 2025, is valued at $8 million and aims to bolster the operations of The9's upcoming global GameFi platform.

The investment includes contributions from notable funds such as Elune Capital, Fine Vision Fund, and Bripheno Pte. Ltd. As part of this initiative, The9 will issue Class A common shares to the investors, priced based on the average closing price over the previous 30 trading days. However, these shares will have a statutory lock-up period.

The new GameFi platform by The9 is set to become a major player in the industry, designed to seamlessly connect gamers and cryptocurrency enthusiasts. The company intends to establish a collaboration with a global cryptocurrency foundation to utilize their GameFi coins as the official currency on its platform. By seeking partnerships with a top-tier cryptocurrency exchange, The9 hopes to attract users and elevate its platform's engagement.

Furthermore, as part of the investment deal, The9 will issue 302,263,200 stock warrants to investors, each granting the right to purchase shares at a price that aligns with the agreement terms. The warrants are structured in such a way that half will become executable once a strategic partnership is established, while the remaining half will be conditional on the successful launch of the GameFi platform itself.

George Lai, Executive Director and CFO of The9, remarked, "This strategic cooperation marks a significant milestone for The9 as we venture into the global GameFi industry. The support from prominent cryptocurrency investors will catapult our platform concept, 'The Platform is a Big Game.'" He emphasized the importance of creating a diverse and high-dimensional ecosystem for gamers, integrating cryptocurrency, and ensuring it bridges traditional gaming with innovative blockchain applications.

The overarching ambition, as stated by Lai, is to engage with a vast gaming audience while promoting widespread adoption of cryptocurrency in the gaming arena. The hope is that this GameFi platform will serve as a conduit to bring traditional gamers into the cryptocurrency space, potentially reshaping the intersection of gaming and digital currencies.

The9's commitment to issuing 10% of its shares within the next three years signifies its proactive approach to adapting to market needs and operational capacities, paving the way for a dynamic exchange of GameFi coins. This ambitious GameFi initiative is anticipated to set a new standard in digital gaming experiences, leveraging blockchain technology to surpass traditional gaming limitations.

With the partnership network and experience in the gaming industry that The9 possesses, coupled with the solid cryptocurrency user base of its partners, there is great potential for the new platform to become a leader in the burgeoning GameFi market. The mission, as encapsulated by Lai, is about making cryptocurrency accessible and practical in the realm of gaming, which stands to offer a unique experience that aligns modern gaming with innovative finance.