Dunxin Financial up 30% on Wednesday morning after announcing transformation of business

on Nov 10, 2021
Updated: Jun 24, 2022
  • Dunxin intends to recruit professionals to help it evaluate several different projects during this stage
  • Beeple'sBeeple's artwork auctioned for $69 million
  • The company wants to become an entertainment technology and digital culture platform

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Dunxin Financial Holdings (NYSE: DXF) recently announced that it’ll officially be transitioning into the Metaverse space after doing R&D for more than two years now. The company went up by 30% on Wednesday after it made this announcement. 

Dunxin is looking to hire specific professionals who will help them evaluate several different projects during this period. 

Business transactions 

“Evertdays: The First 5000 Days,” Beeple’s digital artwork was auctioned for $96 million. With NFT user numbers growing so rapidly, “Axie Infinity,” a P2E (Play to Earn) game, came to life. 

This Blockchain tech-driven game did so much better than “Honor of Kings” as far as revenue is concerned. It took only a month to become a top-three mobile game. 

The company is looking to become an entertainment technology and digital culture platform with key technologies and core intellectual properties. Dunxin is making its way into the Metaverse space via cooperation, investment, and R&D. It wants to work with as many entities in the Metaverse industry as it possibly can. 

Senior management statements 

Dunxin Financial’s Chief Executive Officer, Ricky Wei, said:

We conducted intensive researching and studying of massive practitioners in blockchain, coin and mining industry and communicated with international and domestic institute experts and professionals in last two years.

Mr. Wei continued to say:

Benefiting from BlockChain technology, 5G6G technologies and upgrade of internet technology. Metaverse is believed to be the largest technology revolution after the waves of the internet technology, whose aim is to break the physical limitation and realization of virtual space-sharing.

The CEO believes that the Metaverse world is connected to both the mathematical and physical world. He claimed that it could soon become a lifestyle for many people on this planet, and it could help rebuild the global digital economy. 

The Metaverse industry can innovatively develop and manufacture new species by integrating discrete single points. It also provides for opportunities in the long term. 

The next half-decade or so will involve a lot of research and exploration. 


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