Elate (HKG:0076) has decided to establish a Web3 Project Team to explore AI and cryptocurrency projects, while also weighing the use of cryptocurrencies to invest in high-yield projects, a Tuesday filing with the Hong Kong bourse said.
The team ultimately aims to ensure revenue and profit growth for the electronic parts manufacturer.
The firm had, in May 2023, formed GoMeta Limited for the development of the web3 business.
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