9GAG CEO Stephen Chow buys NFT at 3,155% premium from floor price
Ray Chan, founder and CEO of Hong Kong entertainment platform 9GAG, bought Stephen Chow's “Nobody” virtual token (NFT) for 19.527 Ether ($47,300), representing a 3,155% premium over the collection's current floor price. 0.6 ether ($1,450). No one has 889 “Monkey King” theme NFTs with a special sun feature that is available in less than 0.01% of the collection. “Every year, an actor Stephen Chow for a century; there are millions of small people, but the highest wealth is incomparable, pictures are valuable. [but] Memories are priceless,” said the co-founder in a poem praising the transaction.
https://t.co/KYrpv4pPAS
— Stephen Chow (@stephenchow) February 8, 2024
In the year On February 7, Cointelegraph reported that Stephen Chow, a Hong Kong director known for the popular movie Kung Fu Hustle, had launched NFT collections earlier this month, which exceeded 10,516 Ether in total trading volume. NFTs was created last December by Chinese-American rapper Jin Au-Yeng, also known as MC Jin, and launched on the Moonbox platform he created in Hong Kong. On January 10, Chow partnered with Okex Coin to give away 2,500 of 10,000 NFTs to anyone in an event that attracted more than 125,000 applicants.
In addition to creating stories about trending memes and Internet events, 9GAG has been at the forefront of adopting new Web3 technologies. Chan currently serves as the CEO of Memeland created by 9GAG and is an avid collector of NFTs. In an interview with Cointelegraph earlier this month, Chan said that buying a lot of NFTs during the bull run left him “bad,” adding that the lessons were valuable enough to shape his approach to his own Web3 project. 9GAG is currently hiring for a Blockchain Engineer to develop “resilient, gas-efficient and secure smart contracts on Ethereum”.
Related: Hong Kong plans universal AML requirements for OTC crypto traders
