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NewGen Bets Big on AI & Prediction Markets
6 Jun
Summary
- NewGen Group increases K25.ai stake to 6% with $4M investment.
- K25.ai is building an APAC livestreaming and predict-to-earn platform.
- NewGen adopts a Digital Asset Treasury strategy including Bitcoin.
NewGen Group has announced a strategic expansion of its involvement with K25.ai, increasing its ownership to 6%. This latest investment, totaling $4 million through a combination of cash and shares, follows an initial 2% stake acquired in May. The total investment now stands at $6 million, valuing K25.ai at $100 million.
K25.ai is actively developing a livestreaming and prediction platform tailored for the Asia-Pacific (APAC) region. This AI-driven platform aims to generate, monitor, and resolve markets linked to live events and creator communities. The company reported a waitlist of over 35,000 users in anticipation of its launch.
Concurrent with this investment, NewGen is establishing a Digital Asset Treasury strategy. This framework will guide selective holdings in prominent digital assets, including Bitcoin and Solana. The strategy emphasizes reserve accumulation, disciplined capital allocation, institutional custody, and risk-controlled yield opportunities.
Furthermore, K25.ai's leadership will integrate into NewGen's governance, with CEO Andy Cheung and two co-founders set to join as non-executive directors. Cheung will spearhead NewGen's digital asset treasury and AI prediction market allocation efforts, underscoring the company's commitment to this evolving digital landscape.
