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9GAG CEO Ray Chan Acquires Rare Stephen Chow 'Nobody' NFT for 19.527 Ether

Algoine News
Summary:
9GAG’s co-founder and CEO, Ray Chan, has bought a 'Nobody' nonfungible token (NFT) themed 'Monkey King' from the Hong Kong director Stephen Chow for 19.527 Ether (approximately $47,300), which is a 3,155% premium over the current floor price. This NFT features a rare Sun trait found in less than 0.01% of the collection. The Nobody NFT collection, created in collaboration with Chinese-American rapper Jin Au-Yeung, has seen immense success. Ray Chan, also the CEO of a Web3 venture studio called Memeland, has been a major adopter of Web3 technologies and NFT collector.
The co-founder and Chief Executive Officer of 9GAG, Ray Chan, who hails from Hong Kong, has successfully bagged a "Nobody" nonfungible token (NFT) from Stephen Chow. The price paid for this NFT amounts to 19.527 Ether, or $47,300, translating to a remarkable premium of 3,155% compared to the collection's base price of 0.6 Ether or $1,450. What gives this NFT a unique edge is the rare Sun trait that it possesses, a feature spotted in less than 0.01% of this collection. In tribute to his purchase, Chan worded a poetic sentiment, "A single actor each annum, yet a century of Stephen Chow; Countless regular individuals, yet the supreme treasure stands unchallenged; Even as images hold worth, memories remain invaluable." Stephen Chow, the famed director from Hong Kong, well-loved for his timeless film, Kung Fu Hustle, came under Cointelegraph's spotlight on February 7, for his Nobody NFT collections. Launched mere weeks ago, the collection has witnessed trade volumes that exceeded 10,516 ether. Chow crafted these NFTs in partnership with Chinese-American artist Jin Au-Yeung, also known as MC Jin, in the final month of last year and subsequently released them on the Moonbox platform, birthed by a company of the same name based in Hong Kong. He joined forces with the digital currency exchange OKX on January 10 for a special event to distribute 2,500 Nobody NFTs out of a total of 10,000, attracting a massive turnout of over 125,000 hopefuls. 9GAG's influence extends beyond generating stories inspired by trending memes and viral events, as they are key players in adopting novel Web3 components. Chan currently helms Memeland, a Web3-based business incubator that emerged from 9GAG, and is an enthusiastic NFT collector. Speaking to Cointelegraph earlier, Chan admitted that despite the financial downslide experienced due to massive NFT purchases during the bullish run, the experience was invaluable and instrumental in shaping his vision for his personal Web3 initiative. 9GAG is on the lookout for a blockchain engineer that can construct "robust, fuel-saving, and secure Smart Contracts on Ethereum".

Published At

2/8/2024 5:18:37 PM

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