Mogujie, a social e-commerce platform, has announced a strategic allocation of up to $20 million in digital assets, including Bitcoin, Ethereum, and Solana, to enhance its decentralized AI development and treasury management. The board of directors approved this move to diversify the company's treasury holdings and bolster its operational capabilities for next-generation AI products and services.
The company plans to integrate digital assets into its core holdings, creating a blockchain-powered ecosystem where digital currencies will facilitate user access and interaction with AI applications. This initiative will allow users to utilize digital assets to access AI services and features, as well as earn or spend them within the platform. By leveraging its digital currency holdings, Mogujie aims to experiment with and scale new product incentive and utility models.
Mogujie Allocates $20 Million to Digital Assets for AI and Treasury Management
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