STOCK TITAN

The9 Limited Announced Its NFTSTAR is Planned to be Officially Launched on December 17 Global Pre-registered Users Exceeded 180,000

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

The9 Limited (Nasdaq: NCTY) announced that its NFT platform, NFTSTAR, has reached 180,000 pre-registered users from 176 countries ahead of its official launch on December 17, 2021. The platform features NFTs from various global sports stars, including Christian McCaffrey and Giannis Antetokounmpo. Users can purchase and trade NFTs while using conventional payment methods like credit cards. All pre-registered users will receive a unique NFTSTAR Community ID as a limited edition collectible at launch. The9 aims to create a significant portal to the metaverse through this platform.

Positive
  • NFTSTAR has attracted 180,000 pre-registered users globally.
  • Official launch of NFTSTAR on December 17, 2021, expected to enhance user engagement.
  • Partnerships with high-profile athletes increase platform visibility and credibility.
Negative
  • None.

SINGAPORE, Nov. 19, 2021 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established internet company, today announced that following the recent signing of partnering stars, its NFT community and trading platform NFTSTAR (www.nftstar.com) has proliferated to 180,000 pre-registered users from 176 countries. The platform is planned to be officially launched one week before Christmas on December 17, 2021.

As of today, NFTSTAR has announced several partnering stars including the NFL football star Christian McCaffrey, Portuguese football legend Luís Figo, Korean football star Son Heung-Min, and two-time NBA MVP winner basketball star Giannis Antetokounmpo and his three brothers.

NFTSTAR is a NFT community and trading platform for users to purchase, trade, and interact. The major transaction contents of the platform are NFT collections developed with global superstar licensed IPs. Each NFT collectible has a unique record on the blockchain, and the users will obtain the ownership of the unique NFT collectible through purchase on the platform, or through trading on NFTSTAR's marketplace. NFTSTAR will accept general payment methods such as credit cards to make it easy for global users to participate.

The NFTSTAR community platform will cover superstars in various fields, including but not limited to sports, entertainment, art and celebrities in different industries. NFTSTAR community platform aims to create a significant portal to the future metaverse through superstars' NFT collections, trading, and community interaction.

All pre-register users will receive a limited edition NFT collectible "NFTSTAR Community ID" presented by NFTSTAR when the platform is officially launched. Each NFTSTAR Community ID has a unique record on the blockchain which will be the user's identity certificate in the NFTSTAR community.

The9 will continue to announce other exclusive partner athletes and artists. NFTSTAR will become a unique "Star Community".

About The9 Limited

The9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 aims to become a global diversified high-tech Internet company, and is engaged in blockchain business including the operation of cryptocurrency mining and a Non-Fungible Token platform NFTSTAR.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond The9's control. The9 may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about The9's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: The9's goal and strategies; The9's expansion plans; The9's future business development, financial condition and results of operations; The9's expectations regarding demand for, and market acceptance of, its products and services; The9's expectations regarding keeping and strengthening its relationships with business partners it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in The9's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Cision View original content:https://www.prnewswire.com/news-releases/the9-limited-announced-its-nftstar-is-planned-to-be-officially-launched-on-december-17-global-pre-registered-users-exceeded-180-000--301428951.html

SOURCE The9 Limited

FAQ

What is NFTSTAR and when is its launch date?

NFTSTAR is an NFT community and trading platform by The9, set to launch on December 17, 2021.

How many pre-registered users does NFTSTAR have?

NFTSTAR has over 180,000 pre-registered users from 176 countries.

Who are some of the partnering stars for NFTSTAR?

Partnering stars include Christian McCaffrey, Luís Figo, Son Heung-Min, and Giannis Antetokounmpo.

What unique collectible will pre-registered users receive?

Pre-registered users will receive a limited edition NFTSTAR Community ID at the platform's launch.

What payment methods will NFTSTAR accept?

NFTSTAR will accept various payment methods, including credit cards.

The9 Limited American Depository Shares representing three

NASDAQ:NCTY

NCTY Rankings

NCTY Latest News

NCTY Stock Data

60.21M
2.68B
6.66%
0.24%
0.07%
Capital Markets
Financial Services
Link
United States of America
Shanghai