DigitalX inks joint venture with Multiplier
DigitalX Limited (ASX:DCC) has today announced a joint venture with digital media company Multiplier.
Under the JV, the following crypto business news website and online cryptocurrency education platform will be launched:
DCC and Multiplier will hold shares equal to 50 per cent of the new entity each.
DCC CEO Leigh Travers commented on the promising agreement, “DigitalX is excited to be partnering with Multiplier to launch these strategic websites.
“These sites will be a platform to educate new investors from around the world about the opportunities and risk of crypto-assets, including cyrptocurrencies and ICOs, including being a resource for updated regulatory information as it continues to develop,” he said.
“The value of cryptocurrency digital real estate is expected to grow significantly with recent news from the world’s s technology companies Google, Twitter and Facebook to limit cryptocurrency advertising.”
“DigitalX believes that Multiplier’s public relations, reporting and business skills will complement the skills and experience in the crypto market developed by DigitalX over the past four years,” Travers concluded.
The company indicated that both websites are now under final development and will provide different information to several audiences in the emerging crypto-asset space.
Coin.org will serve to educate the market about blockchain and crypto assets through curated video content presented by leading industry experts.
Multipliercrypto.com will be a digital news platform designed for businesses operating within the blockchain and cryptocurrency ecosystem.
Both sites will be geared towards the burgeoning Asian market in an effort to become the authoritative voice for sophisticated new entrants and investors.
As the content pool expands for both assets and user numbers grow, the JV parties intend to generate revenue through advertising and similar revenue generation models.
Of course as always, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.