09:17 AM EDT, 07/08/2024 (MT Newswires) -- MultiMetaVerse ( MMV ) said Monday it has agreed with blockchain technology service provider Zhenghe Holding to form a joint venture to invest in and trade alternative assets using jointly developed quantitative investment algorithms.

The entertainment company said it will have a 20% stake in the venture and have the right to name one board director, while Zhenghe will manage the new venture and hold an 80% stake.

Shares of MultiMetaVerse ( MMV ) were up more than 3% in recent Monday premarket activity.

Price: 0.6262, Change: +0.01, Percent Change: +1.00