[Special Stock] Dragonfly Rises on Establishment of Blockchain Game Subsidiary
![[Special Stock] Dragonfly Rises on Establishment of Blockchain Game Subsidiary](http://www.asiae.co.kr/news/img_view.htm?img=2012061814261645286_1.jpg)
[Asia Economy Reporter Junho Hwang] On the 17th, Dragonfly's stock price showed strong performance in the stock market.
As of 10:02 AM that day, Dragonfly's stock price rose 29.90% to 3,410 KRW. The stock price surged following the news that the company established and registered its subsidiary 'DFChain' to provide blockchain P2E (Play to Earn) game services.
The newly established subsidiary 'DFChain' is a joint venture corporation established with a 50-50 equity investment by Dragonfly and 'GameChain,' a corporation operated by the RushCoin Foundation. The RushCoin Foundation, which operates 'GameChain,' is the issuer of RushCoin, established in Hong Kong. RushCoin is listed on 'Coinone,' 'Bithumb Global,' and 'Foblgate.'
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Through the newly established subsidiary 'DFChain,' Dragonfly plans to build the entire ecosystem of P2E, including NFT (Non-fungible Token) issuance, coin deposit and withdrawal, reward distribution control, NFT purchase and trading, and member acquisition.
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