ChainCatcher news, 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 a strategic investment of $8 million.The9 will establish a new company to operate a GameFi platform and will seek to collaborate with global cryptocurrency foundations to issue tokens as the platform's official cryptocurrency. In addition, The9 plans to issue 10% of its shares over the next three years to support the market operation and trading of the GameFi tokens. The9's Chief Financial Officer George Lai stated that this collaboration is an important milestone for the company in entering the global game finance industry.