GreenPro Updates Shareholders on NFT Investment
Greenpro Capital Corp. (NASDAQ:GRNQ) announced its acquisition of a limited edition series of 7,700 NFTs depicting the 1957 Sputnik launch for $16 million, paid in Ethereum. With Ethereum's price appreciating to $4,164, the company's 'mark to market' profit stands at approximately $15.9 million. CEO Dr.CK Lee projected profitability for the current quarter and full year, with NFT investments potentially doubling to $32 million within two weeks. This strategic investment emphasizes GRNQ's focus on blockchain and fintech.
- Investment in 7,700 NFTs resulted in a potential profit of $15,892,800 due to Ethereum price increase.
- CEO projects profitability for the current quarter and the full year.
- None.
KUALA LUMPUR / ACCESSWIRE / May 10, 2021 / Greenpro Capital Corp. (NASDAQ:GRNQ) today released photo outtakes and details of its limited edition exclusive series of 7,700 NFTs depicting the 1957 Sputnik satellite launch.
GRNQ bought this exclusive series of 7,700 NFTs for
GreenPro CEO Dr.CK Lee said: "I'm proud to report that GRNQ will be profitable this quarter, furthermore we anticipate a full year profit. Our investment in this exclusive NFT series has doubled in value in 2 weeks to
The animated Sputnik NFT series was sold to the Company by Millennium Fine Art Inc. (MFAI) MFAI has built a NFT studio business with prominent artists utilizing animation studios.
Please view the photos of the Sputnik NFT outtakes of the animated NFT which is in production now.
About Millennium Fine Art Inc.
With a treasure trove of exclusive copyright content to draw upon, MFAI has put together a team of well known industry leaders to create a powerful NFT studio that will leverage off our Millennium Sapphire asset. Given the iconic history that has been carved into the world's largest and finest blue sapphire, we have a plethora of content - 134 scenes - to create ongoing series of limited edition NFTs.
The strategy of partnering with leading studios to work to our vision and collaborations with famous digital artists, allows us to continual tap into new markets and followings. This strategy also allows us to have an ongoing flow of new fresh content based on the original art carvings.
From the Original ‘First man on the moon' carving to some of the world's most famous people to landmarks such as the Pyramids and the historic Sputnik launch. These carvings will all be developed into elaborate animated NFTs. Our studio photographer has just completed an elaborate photo shoot in the depths of a bank vault, in a secret location. The content produced, will form the basis of the collaborations with world famous digital artists and their interpretations via NFT animations to bring these pieces to life.
About Greenpro Capital Corp.
Headquartered in Kuala Lumpur, Malaysia, Greenpro Capital Corp. (Nasdaq:GRNQ) (a Nevada corporation) with strategic offices across Asia, is a business incubator with a diversified business portfolio comprising finance, technology, banking, CryptoSX, a licensed crypto exchange for Securitized Token Offerings "STO's", health and wellness and fine art. With 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. We also operate venture capital businesses, including business development for start-ups and high growth companies, covering finance, technology, FinTech, and health and wellness. For further information regarding the company, please visit http://www.greenprocapital.com.
Forward-Looking Statements
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the company, statements relating to goals, plans and projections regarding the company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Greenpro Capital Corp
Email: ir.hk@greenprocapital.com
Contact Dennis Burns. Investor Relations.
Tel (567) 237-4132
dburns@nvestrain.com
SOURCE: Greenpro Capital Corp.
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