As a professional translator, I would translate this news article into English using a descriptive tone, ensuring accuracy and coherence in the sentences, and retaining proper nouns and the 
reference. The translation does not include a full stop at the end. Here is the translation:
Cryptocurrency mining company Phoenix Group, headquartered in Abu Dhabi, has announced the acquisition of a 12.5% stake in Web3 gaming and entertainment company Rekt Studios. The specific acquisition amount has not been disclosed. This transaction was facilitated through Phoenix Group’s wholly-owned subsidiary, Phoenix INV Holdings, marking the company’s strategic move beyond the cryptocurrency mining industry. Rekt Studios primarily offers solutions that allow gamers to own, manage, and profit from their gaming experiences and assets.
Tags:
Phoenix Group
Rekt Studios
WEB3
Source link:
https://waya.media/phoenix-group-ventures-into-web3-gaming-with-12-5-stake-in-…
Note: All articles published on BitPush.news represent the author’s viewpoint and do not constitute investment advice.
Original link:
https://www.bitpush.news/articles/6690394
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