Tianji Holdings: Plans to invest HK$10 million to advance Web3 sports intellectual property projects.

Odaily Planet Daily reported on December 25th that, according to a Hong Kong Stock Exchange announcement, Hong Kong-listed company Tianji Holdings issued a supplementary announcement regarding a financing agreement. The announcement disclosed that Tianji Holdings intends to use 16.6% (approximately HK$10 million) of the net proceeds from its subscription of warrant shares, amounting to approximately HK$60 million, to expand its sports intellectual property projects based on Web3 and AI, including the development and design of physical and digital intellectual property products related to La Liga clubs. Tianji Holdings stated that it will apply Web3 blockchain technology to put intellectual property on the blockchain and create a tamper-proof and traceable digital identity for each intellectual property product.