OURGAME (06899) announced that its subsidiary Allied Gaming & Entertainment Inc. (AGAE, NASDAQ: AGAE) has invested in Bitcoin (BTC) and increased its Ethereum (ETH) holdings. This move marks AGAE's official launch of a strategic plan to incorporate cryptocurrencies into its balance sheet, laying the foundation for broader blockchain applications and Real World Assets (RWA) tokenization initiatives aimed at driving deep integration between blockchain technology and the group's core gaming and entertainment industries.
The inclusion of BTC and ETH in a diversified asset allocation portfolio represents the first phase of AGAE's comprehensive digitalization strategy. Moving forward, AGAE will continue advancing in the following directions: expanding blockchain-based payment methods across AGAE's global IP portfolio, including esports events, gaming platforms, and immersive entertainment venues; developing proprietary RWA tokenization models, such as live entertainment rights, property management revenues, and film/animation IP monetization; and establishing foundations for stablecoin and utility token integration to enhance user engagement, facilitate cross-border transactions, and strengthen liquidity throughout the entire ecosystem.
AGAE Chief Executive Officer James Li stated: "We view cryptocurrency not only as a store of value but as a strategic cornerstone driving AGAE's future business development. Integrating blockchain and digital assets into our ecosystem is a natural extension of our efforts to connect global users and create innovative financial experiences through gaming and entertainment."
The company believes that the combination of blockchain technology with gaming and entertainment industries will reshape the industry value chain, with cryptocurrency asset investment serving as an important starting point for this strategic layout. This initiative not only reserves resources for the group's future technology upgrades and business expansion but also demonstrates the group's determination to embrace technological innovation and lead industry transformation.