9GAG’s CEO, Ray Chan, has made waves in the entertainment world by purchasing a Stephen Chow “Nobody” nonfungible token (NFT) for a staggering 19.527 Ether, which is equivalent to approximately $47,300. This acquisition represents an incredible premium of 3,155% over the collection’s current floor price of 0.6 Ether, or about $1,450.
Chan’s specific NFT, numbered 889, features a “Monkey King” theme and is distinguished by a rare Sun trait that is found in less than 0.01% of the collectible series. The Nobody NFT collection, created by renowned Hong Kong director Stephen Chow, who is famous for directing the cult classic film “Kung Fu Hustle,” has gained significant attention, with a total trading volume of 10,516 Ether.
Chow collaborated with Chinese-American rapper Jin Au-Yeung, also known as MC Jin, to introduce the NFTs last December through the Moonbox platform, a creation of the Hong Kong startup of the same name. In a unique marketing move, Chow partnered with cryptocurrency exchange OKX to conduct a giveaway event on January 10th. Out of the total 10,000 Nobody NFTs, 2,500 were distributed during the event, which attracted over 125,000 applicants. This strategic partnership not only increased the visibility of the NFT collection but also engaged a wide audience within the cryptocurrency community.
Aside from his involvement in the NFT market, Ray Chan oversees Memeland, a Web3 venture studio established by 9GAG. With a strong interest in NFTs, Chan has become an enthusiastic collector himself. Despite facing challenges due to market fluctuations, Chan sees his NFT investments as valuable learning experiences that inform his approach to Web3 projects.
Chan reflects on his journey into the world of NFTs and acknowledges the volatile nature of the market, but remains optimistic about its potential. In a recent interview with Cointelegraph, he shared insights gained from navigating the highs and lows of the NFT space during market booms and corrections. These experiences have shaped his perspective on building resilient and innovative projects within the Web3 ecosystem.
As part of its commitment to embracing emerging technologies, 9GAG is actively seeking talent in the blockchain space. The company is currently hiring a blockchain engineer who will be responsible for developing robust, gas-efficient, and secure Smart Contracts on the Ethereum blockchain. This hiring initiative underscores 9GAG’s dedication to integrating blockchain technology into its platform and exploring new opportunities in the decentralized space.
In addition to its core mission of curating and sharing trending memes and internet phenomena, 9GAG is expanding its horizons by venturing into the realm of Web3. With a focus on innovation and adaptation, the company aims to stay ahead of the curve in an ever-evolving digital landscape.
In summary, Ray Chan’s acquisition of a Stephen Chow “Nobody” NFT highlights the growing intersection between entertainment, technology, and blockchain. As the NFT market continues to evolve, partnerships between industry leaders like Stephen Chow, MC Jin, and platforms such as 9GAG demonstrate the potential for creativity and collaboration within the burgeoning digital asset space.
