Street Calls of the Week
Investing.com -- QMMM Holdings Ltd. (NASDAQ:QMMM) stock rose 30% today after the company announced its strategic expansion into cryptocurrency and blockchain AI solutions.
The Hong Kong-based digital media advertising and virtual avatar technology company plans to integrate artificial intelligence with blockchain technology to develop cryptocurrency analytics and create a crypto-autonomous ecosystem. QMMM aims to establish a decentralized data marketplace that connects data providers and consumers through blockchain technology.
As part of this initiative, QMMM intends to build a diversified cryptocurrency treasury with an initial target scale of $100 million, focusing primarily on Bitcoin, Ethereum, and Solana. The company’s investment strategy will allocate funds to high-quality cryptocurrency assets with long-term growth potential, Web3 ecosystem infrastructure projects, and global premium equity assets aligned with its strategic vision.
"The global adoption of digital assets and blockchain technology is accelerating at an unprecedented pace. QMMM’s entry into this space reflects our commitment to technological innovation and our vision to bridge the digital economy with real-world applications," said Bun Kwai, CEO of QMMM.
The company’s platform will leverage AI-driven analytics to process large volumes of data, aiming to help traders make informed investment decisions. Beyond trading capabilities, the ecosystem will support automated agents designed to answer user queries, manage DAO treasuries, enhance metaverse experiences, detect vulnerabilities in smart contracts, and assist in code development.
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