Treasure Global’s ZCITY to Launch its own Mobile Virtual Network with AI-Powered Crypto Mining Capability, Riding the Wave of a US$135 Billion Market Opportunity by 2030

Continuing Blockchain Innovation: Unleashing a Projected US$25 Million Revenue Potential

NEW YORK and KUALA LUMPUR, Malaysia, May 20, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, proudly announces a strategic potential collaboration between its subsidiary, ZCITY, and a leading telecommunications company. This partnership aims to introduce a groundbreaking artificial intelligence (“AI”)-powered crypto mining service integrated with ZCITY’s new Mobile Virtual Network Operator (“MVNO”) offerings, creating a powerful new revenue stream for Treasure Global.

Revolutionizing the Telco Industry with AI Crypto Mining
In this revolutionary collaboration, the leading telco, leveraging ZCITY’s advanced technology, will support the integration of AI-driven crypto mining capabilities into ZCITY’s MVNO services. This initiative will allow users to mine digital assets seamlessly while using their mobile services, representing a fusion of telecommunications and blockchain technology. This unique white-label solution will be branded under ZCITY, ensuring a significant market presence and competitive edge.

Key Benefits of the Collaboration
This partnership opens a lucrative new revenue stream for Treasure Global, capitalizing on the synergies between telecommunications and blockchain technology. Utilizing cutting-edge AI algorithms, the integrated service optimizes crypto mining processes, providing an efficient and profitable operation for users. By combining the vast international reach of a leading telco with the burgeoning crypto market, this initiative taps into a massive market opportunity with significant growth potential.

Building on Blockchain Success
Treasure Global’s expansion into MVNO services with AI-powered crypto mining builds upon the Company’'s recent achievement as the exclusive partner for an AI Blockchain Wallet on Telegram, marking a significant milestone in the blockchain industry. Originating from a Poland licensed blockchain company, this AI Blockchain Wallet revolutionizes decentralized transactions, enabling users to seamlessly perform transfers, deposits, coin swaps, cross-chain operations and staking through a user-friendly one-button application on Telegram. By leveraging this success and venturing into MVNO services, Treasure Global reaffirms its commitment to blockchain technology and its potential for driving future growth. This strategic move further solidifies Treasure Global’s position as an innovative leader in the blockchain industry.