Mogujie will allocate up to US$20 million to digital assets to promote decentralized AI development and treasury management

PANews reported on September 11 that according to the official announcement, the board of directors of social e-commerce platform MOGU Inc. approved the strategic allocation of up to US$20 million in company assets to digital currencies, mainly including Bitcoin, Ethereum and Solana and its related securities and investment products. The board of directors believes that by integrating digital assets into core assets, the company can not only diversify its treasury holdings, but also enhance the operational capabilities required for the next generation of AI products and services. As part of the strategic roadmap, the company is building an ecosystem that is empowered by blockchain. In AI products, digital assets will become the main way for users to access and interact. Users can use purchased digital assets to obtain AI applications, services and advanced functions, and earn or consume digital assets within the platform. This up-chain circulation framework directly uses digital currencies such as Bitcoin and Ethereum Solana held by the company, allowing the company to experiment, adopt and expand new product incentive and utility models.