BXTEN signs an investment agreement with Indonesian operator ICONPLAY SKYLBSTV
ChainCatcher news, global cryptocurrency exchange BXTEN announced on the 4th that it has signed an investment agreement with Indonesia's state-owned electricity company (PLN) and the broadcast media ICONPLAY operated jointly with SKYLBSTV.Through this investment agreement, BXTEN becomes the major shareholder of ICONPLAY SKYLBSTV and plans to focus its investment on expanding ICONPLAY's broadcasting business and enhancing content in the global market. BXTEN will allocate investment funds to expand ICONPLAY's IPTV server infrastructure and OTT business network, and develop joint marketing and promotion strategies in Indonesia.In addition, ICONPLAY plans to collaborate with Indonesian universities and educational institutions to launch a Web3 education program within the next 1-2 years, aiming to leverage BXTEN's expertise in blockchain content.A representative from BXTEN stated, "As a global Web3 platform, collaborating with Indonesia's national broadcasting company on media business is an innovation in the blockchain industry," and added, "With the expansion of ICONPLAY's infrastructure, both companies will position themselves as hubs for global blockchain content, including Web3 educational content and AI-driven blockchain technology."It is reported that BXTEN previously launched the blockchain and Web3 professional channel INDOCRYPTO on ICONPLAY last September, thus entering the Indonesian media industry.