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- The9 enters the NFT market with NFTSTAR.
- NFTSTAR is a trading and community platform for NFTs.
- It is now open for pre-registration and is set to fully launch in Q4.
The distinguished Internet company The9, announced today that it has formally entered the NFT (non-fungible token) market. Together with its wholly-owned subsidiary in Singapore, NFTSTAR Singapore Pte. Ltd, both firms launched NFTSTAR, an NFT trading and community platform.
The press release mentioned that Gagan Palrecha, Vice President of Operations from DapperLabs, will join NFTSTAR as the COO. Additionally, NFTSTAR’s CEO, Chris Shen, stated that,
[We are] very happy Mr.Palrecha join NFTSTAR . Dapper Labs developed and operated by NBA Top Shot in NFT market has achieved great success, Mr. Palrecha in NFT has a wealth of operational experience and resources platform, Will work with the management team to formulate NFTSTAR’s short-term and long-term product and operation strategies.
Furthermore, NFTSTAR will feature artworks made by global celebrities from different industries like sports, art, entertainment, and several others. Users will be able to purchase limited NFT collections of stars alongside blind boxes of different levels. In addition, users can also trade NFT collectables in NFTSTAR. Each of the NFT collectables has a unique mark. Its sole ownership will be on the users as well.
The initial launch of NFTSTAR features global sports stars but the NFTSTAR community
will create a super portal for the future meta-universe through the collection, trading, and interaction of NFT.
According to the press release, it is set to fully launch in Q4 of 2021. However, it is now open for pre-registration reward activities that users can enjoy.