MultiMetaVerse Holdings Limited announced that it has entered into an agreement (the "Agreement") with Zhenghe Holding Co., Limited ("Zhenghe") to establish a joint venture ("Joint Venture") to invest in and trade alternative assets with the assistance of quantitative investment algorithms to be jointly developed by the parties. Pursuant to the Agreement, Zhenghe will own 80% of the new Joint Venture and responsible for its daily management and operation. MMV will hold a 20% stake and have the right to appoint one director to the Joint Venture's board.