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HomeBlockChain9GAG CEO buys Stephen Chow NFT at 3,155% premium to ground worth

9GAG CEO buys Stephen Chow NFT at 3,155% premium to ground worth

Ray Chan, the Hong Kongese co-founder and CEO of leisure platform 9GAG, has bought a Stephen Chow “No person” nonfungible token (NFT) at a worth of 19.527 Ether ($47,300), representing a 3,155% premium over the gathering’s present ground worth of 0.6 Ether ($1,450). The No person 889 “Monkey King” themed NFT has a particular Solar trait current in lower than 0.01% of the collectible sequence. “One actor a 12 months, Stephen Chow for a century; There are hundreds of thousands of little individuals, however the supreme treasure is unparalleled; Footage are priceless, [but] reminiscences are priceless,” mentioned the co-founder in a poem praising the transaction. 

On Feb. 7, Cointelegraph reported that Hong Kong director Stephen Chow, identified for the enduring movie Kung Fu Hustle, launched the No person NFT collections earlier this month, which has since surpassed 10,516 Ether in whole buying and selling quantity. The NFTs had been created final December with Chinese language-American rapper Jin Au-Yeung, also referred to as MC Jin, and launched on the Moonbox platform created by the namesake Hong Kong startup. On Jan. 10, Chow partnered with cryptocurrency alternate OKX to giveaway 2,500 out of a complete of 10,000 No person NFTs in an occasion that attracted greater than 125,000 candidates. 

Along with creating tales from trending memes and web phenomena, 9GAG has been on the forefront of embracing new Web3 applied sciences. Chan presently serves because the CEO of Memeland, a Web3 enterprise studio created by 9GAG, and is an avid collector of NFTs. In an interview with Cointelegraph earlier this month, Chan mentioned that although shopping for a variety of NFTs throughout the bull run has left him “down dangerous,” the teachings had been priceless sufficient to form his method to his personal Web3 undertaking. 9GAG is presently hiring for a blockchain engineer to develop “resilient, gas-efficient, and safe Sensible Contracts on Ethereum.”

Associated: Hong Kong plans common AML necessities for OTC crypto merchants