Global Mofy Metaverse Limited (the "Company" or “Global Mofy Metaverse”) (NASDAQ: GMM), a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry, today announced the Company has been accredited for the so-called “Leap Project” of iQIYI INC (“iQIYI”), a leading provider of online entertainment video services in China.
Global Mofy Metaverse has been officially selected to join a strategic collaboration with iQIYI through a two-year partnership agreement (the “Agreement”), which establishes the Company as an accredited visual effects supplier within IQIYI's ecosystem, specifically focusing on delivering virtual technology services. The Company expects to sign a formal collaboration agreement with iQIYI early next month. The terms of the Agreement have been settled.
Pursuant to the Agreement under negotiation, Global Mofy Metaverse will play a pivotal role in iQIYI's future film and television projects. The collaboration with iQIYI, which is renowned for its high-quality content offerings, presents a significant opportunity for Global Mofy Metaverse to showcase its expertise and expand its market presence. The partnership grants the Company access to iQIYI's extensive production pipeline, reinforcing its position as a leader in the visual effects industry.
Source: Yahoo Finance