CoinVoice has recently learned that the global cryptocurrency exchange BXTEN announced on the 4th that it has signed an investment agreement with ICONPLAY, a broadcast media jointly operated by Indonesia's state-owned electricity company (PLN) and SKYLBSTV.

Through this investment agreement, BXTEN becomes a major shareholder of ICONPLAY SKYLBSTV and plans to focus its investment on expanding ICONPLAY's broadcasting business and enhancing content in the global market. BXTEN will allocate investment funds to expand ICONPLAY's IPTV server infrastructure and OTT business network, and develop joint marketing and promotion strategies in Indonesia.

Additionally, ICONPLAY plans to launch Web3 education programs in partnership with Indonesian universities and educational institutions in the next 1-2 years, aiming to leverage BXTEN’s expertise in blockchain content.

A representative of BXTEN stated: “As a global Web3 platform, collaborating with Indonesia’s national broadcaster on media business is a new innovation in the blockchain industry,” adding, “With the expansion of ICONPLAY’s infrastructure, both companies will position themselves as hubs for global blockchain content, including Web3 educational content and AI-driven blockchain technology.”

It is reported that BXTEN previously launched the blockchain and Web3 professional channel INDOCRYPTO on ICONPLAY in September last year, thus entering the Indonesian media industry. [Original link]