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9GAG CEO buys Stephen Chow NFT at 3,155% premium to floor price

Ray Chan purchased Nobody #889 for $47,300 worth of ETH.

Ray Chan, the Hong Kongese co-founder and CEO of entertainment platform 9GAG,

has purchased a Stephen Chow “Nobody” nonfungible token (NFT) at a price of 19.527 Ether ($47,300), representing a 3,155% premium over the collection’s current floor price of 0.6 Ether ($1,450).

The Nobody 889 “Monkey King” themed NFT has a special Sun trait present in less than 0.01% of the collectible series. “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,” said the co-founder in a poem praising the transaction.

On Feb. 7, Cointelegraph reported that Hong Kong director Stephen Chow, known for the iconic film Kung Fu Hustle, launched the Nobody NFT collections earlier this month,

which has since surpassed 10,516 Ether in total trading volume. The NFTs were created last

December with Chinese-American rapper Jin Au-Yeung, also known as MC Jin, and launched on the Moonbox platform created by the namesake Hong Kong startup. On Jan.

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10, Chow partnered with cryptocurrency exchange OKX to giveaway 2,500 out of a total of 10,000 Nobody NFTs in an event that attracted more than 125,000 applicants.

In addition to creating stories from trending memes and internet phenomena,

9GAG has been at the forefront of embracing new Web3 technologies. Chan currently serves as the CEO of Memeland, a Web3 venture studio created by 9GAG, and is an avid collector of NFTs.

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In an interview with Cointelegraph earlier this month, Chan said that even though buying a lot of NFTs during the bull run has left him “down bad,” 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.”

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