According to TechFlow, on December 25, the Hong Kong Stock Exchange announced that Tianji Holdings, a Hong Kong-listed company, issued a supplementary announcement to its financing agreement. The announcement disclosed that it plans to use 16.6% (approximately HK$10 million) of the net proceeds from the subscription of warrant shares, amounting to approximately HK$60 million, to expand its sports intellectual property projects based on Web3 and artificial intelligence. This includes developing and designing physical and digital intellectual property products related to La Liga clubs. The company also stated that it will apply Web3 blockchain technology to "put" the intellectual property on the blockchain and create a tamper-proof and traceable digital identity for each intellectual property product.
Previous reports indicated that Tianji Holdings planned to establish a joint venture with Xizulian Technology to undertake the operation of sports IP economy new consumption business under the Web3.0 model.
