According to official sources, Nasdaq-listed company The9 Limited has signed a private placement agreement with cryptocurrency investment funds Elune Capital, Fine Vision Fund, and Bripheno Pte. Ltd., securing $8 million in strategic investment. The9 will establish a new company to operate a GameFi platform and seek to collaborate with global cryptocurrency foundations to issue tokens as the platform's official cryptocurrency. Additionally, The9 plans to issue 10% of its shares in the next three years to support the market operations and trading of GameFi tokens. The9's Chief Financial Officer, George Lai, stated that this collaboration marks an important milestone for the company's entry into the global game finance industry.