After years of crypto mining, The9 has finally refocused on the gaming sector and launched their Web3 gaming platform the9bit in Hong Kong. This move marks the official entry of this NASDAQ-listed company into the blockchain gaming market.

This action is not merely a simple project investment, but a comprehensive strategic layout. The Ninth City directly names its brand on this new blockchain gaming platform, demonstrating the company's high regard and long-term commitment to the Web3 gaming sector.

It is reported that this project is related to a piece of news reported by the media at the end of March this year. At that time, The9 announced that it had received a total of $8 million in investments from multiple crypto funds for the development of a Web3 platform.

As a well-established gaming company, The Ninth City is officially entering the blockchain gaming sector with rich funds, mature gaming products, experienced gaming talents, and Web3 professionals accumulated in the cryptocurrency field in recent years. This undoubtedly injects new vitality into the blockchain gaming market.

The joining of the Ninth City has not only brought funding and technical support, but more importantly, it has brought professional operational experience and mature game development capabilities to the entire industry. This may have a positive impact on improving the overall quality and user experience of blockchain games.

As more traditional gaming companies enter the Web3 space, we can expect to see more innovative gaming models and higher quality Blockchain gaming products. This move by The9 may become an important milestone in promoting the development of GameFi.