9GAG CEO Ray Chan Purchases Stephen Chow “Nobody” NFT at 3,155% Premium

9GAG is a widely popular platform for memes and entertainment.

The CEO of 9GAG purchased Stephen Chow’s NFT at a whopping 3,155% higher than the base price.

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The world of nonfungible tokens (NFTs) continues to surprise and captivate us with its unique offerings. Just recently, Ray Chan, the co-founder and CEO of the popular entertainment platform 9GAG, made headlines by purchasing a Stephen Chow “Nobody” NFT. But it’s not just the purchase itself that is intriguing; the price Chan paid and the significance of the NFT make this story even more fascinating.

The Monkey King NFT with a Price Fit for Royalty

Chan acquired the Nobody 889 NFT, which features a “Monkey King” theme inspired by one of Stephen Chow’s popular roles. However, what makes this NFT truly exceptional is its rare Sun trait, present in less than 0.01% of the collectible series. This unique feature sets it apart from the rest and adds immense value to the NFT.

Now, let’s talk numbers. The floor price of the Nobody NFT collection currently stands at 0.6 Ether ($1,450). But Chan, clearly recognizing the rarity and desirability of this particular NFT, paid a whopping 19.527 Ether ($47,300). That’s a jaw-dropping 3,155% premium over the current floor price! It’s safe to say that Chan is committed to owning this extraordinary piece of digital history.

A Poetic Appreciation for the Pricey Purchase

In a delightful twist, Chan expressed his admiration for the transaction through the art of poetry. In a heartwarming poem, he stated, “One actor a year, Stephen Chow for a century; There are millions of little people, but the supreme treasure is unparalleled; Pictures are valuable, [but] memories are priceless.” This poetic expression perfectly captures the sentiment behind the acquisition, turning a financial transaction into a beautiful ode to a cherished moment in time.

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The Rise of the Nobody NFT and 9GAG’s Web3 Ventures

The Nobody NFT collection, created in collaboration with Chinese-American rapper Jin Au-Yeung (MC Jin), has been enjoying tremendous success. It has already surpassed 10,516 Ether in total trading volume since its launch earlier this month. The Moonbox platform, developed by a Hong Kong startup with the same name, facilitated the sale of these NFTs.

In the midst of this blockchain revolution, it’s no surprise that 9GAG, known for its entertaining meme content, is at the forefront of embracing new Web3 technologies. Ray Chan, the CEO of 9GAG, is not only an avid collector of NFTs but is also involved in various Web3 ventures. He currently leads Memeland, a Web3 venture studio that emerged from 9GAG. In an interview, Chan revealed that even though his NFT investments during the bull run have left him “down bad,” he has learned valuable lessons that will shape his approach to his own Web3 projects.

Q&A: Exploring Further

Q: What is a nonfungible token (NFT)?

A: A nonfungible token (NFT) is a unique digital asset that uses blockchain technology to establish ownership and authenticity. Unlike cryptocurrencies such as Bitcoin, each NFT is one-of-a-kind and cannot be exchanged on a like-for-like basis.

Q: Why do some NFTs have higher values than others?

A: The value of an NFT is determined by various factors, such as scarcity, desirability, and unique attributes. Rare features, limited editions, and associations with well-known figures or events can significantly increase the value of an NFT.

Q: What is the significance of the Monkey King theme in the Nobody NFT collection?

A: The Monkey King is a legendary character from Chinese folklore, renowned for his bravery, magical powers, and mischievous nature. By incorporating the Monkey King theme, the Nobody NFT collection pays homage to one of Stephen Chow’s iconic roles and adds cultural depth to its overall appeal.

Looking Ahead: NFTs and the Future

As the popularity of NFTs continues to rise, we can expect to see more celebrities, influencers, and industry leaders exploring this exciting space. The acquisition of the Nobody NFT by Ray Chan exemplifies the growing interest among entrepreneurs and entertainment moguls in owning rare digital assets.

Additionally, the integration of Web3 technologies by platforms like 9GAG demonstrates a shift towards a more decentralized and user-centric internet. With the development of resilient, gas-efficient, and secure smart contracts on Ethereum, it’s clear that blockchain technology will play a pivotal role in shaping the future of digital entertainment and content creation.

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References:

1. Nobody NFT Collections on Blocking
2. Nobody NFT Launch on Moonbox
3. 9GAG CEO Ray Chan’s Poem on Twitter
4. Web3 Ventures and NFTs on Blocking
5. Hong Kong’s Universal AML Requirements for OTC Crypto Traders

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