Global Cryptocurrency exchange BXTEN announced on the 4th that it has signed an investment agreement with ICONPLAY, a broadcasting media jointly operated byIndonesia state-owned electric utility company(PLN) and SKYLBSTV.
BXTEN previously entered the Indonesian media industry by launching a Blockchain and Web3 specialized channel, INDOCRYPTO, on ICONPLAY last September. The INDOCRYPTO channel is live on channel 205 of ICONPLAY.
With this investment agreement, BXTEN becomes a major shareholder of ICONPLAY SKYLBSTV and plans to focus its investments on expanding ICONPLAY’s broadcasting business in the global market and enhancing content. BXTEN will allocate investment funds to expand ICONPLAY’s IPTV server infrastructure and OTT business network and develop a joint marketing and promotion strategy across Indonesia.
In addition, ICONPLAY plans to launch a Web3 education program in collaboration with Indonesian universities and educational institutions within the next 1-2 years, leveraging BXTEN’s expertise in blockchain content.
A representative from BXTEN said, “As a global Web3 platform, collaborating on a media business with Indonesia’s national broadcaster is a new innovation in the blockchain industry,” and added, “With the expansion of ICONPLAY’s infrastructure, both companies will position themselves as hubs for global blockchain content, including Web3 educational content and AI-powered blockchain technologies.”
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