“The purchase and holding of cryptocurrencies is a pivotal move for the Group to path its business layout and development in the field of Web3,” the company said in a stock exchange filing released Monday. “The online gaming business has high compatibility with Web3 technology, and its focus on communities, users and virtual assets may enable an easier and wider application of Web3 technology to the online gaming industry.”
Source: https://www.coindesk.com/business/2023/11/15/hong-kong-gaming-company-boyaa-interactive-seeks-approval-to-buy-100m-in-crypto-to-boost-web3-strategy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines