Recently, Ray Chan, the CEO and co-founder of the well-known entertainment platform 9GAG, created a stir in the NFT market when he purchased a Stephen Chow “Nobody” NFT for an astounding 3,155% more than the collection’s floor price. The acquisition, which costs 19.527 Ether, or $47,300, gives Chan’s collection a special “Monkey King”-themed NFT with a rare Sun attribute that is present in fewer than 0.01% of the series.

The Nobody NFT Collection by Stephen Chow is gaining traction.

Known for his iconic films like Kung Fu Hustle, renowned Hong Kong director Stephen Chow made his debut in the NFT market this month with the release of the Nobody NFT collection. The Moonbox platform has enabled the collection, which was developed in partnership with Chinese-American rapper MC Jin, to amass a substantial trade volume of over 10,516 Ether. A recent collaboration with OKX yielded 2,500 Nobody NFTs for free, drawing in an astounding 125,000 applications.

Ray Chan of 9GAG: From Memes to NFTs

In addition to being known for selecting content based on popular memes, 9GAG was a leader in the adoption of Web3 technology. Not only is Ray Chan the CEO of Memeland, a Web3 venture studio connected to 9GAG, one of the most popular humor websites on the internet, but he is also a collector of NFTs. Chan recently discussed how his NFT purchases during the bull market taught him important insights that shaped his approach to the Memeland project.

9GAG’s Continued Entry Into Web3 Technologies

9GAG is actively looking for a blockchain engineer as part of its commitment to investigating the possibilities of blockchain technology. In order to create “resilient, gas-efficient, and secure Smart Contracts on Ethereum,” the selected candidate will be instrumental. This action demonstrates 9GAG’s commitment to integrating Web3 technology into its platform and is part of a larger industry trend where entertainment platforms employ blockchain to improve user engagement and security.

Ray Chan’s Lyrical Appreciation of the Stephen Chow NFT Deal

In a poetic statement, Ray Chan emphasized his admiration for the Stephen Chow NFT purchase by saying, “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.” This lyrical homage highlights the cultural and emotional importance of NFTs, transforming them into treasured memories in the entertainment industry rather than merely digital assets.

The acquisition of the Stephen Chow NFT by Ray Chan demonstrates the convergence of blockchain innovation, technology, and entertainment, as well as the growing interest of industry leaders in the fast-changing world of NFTs and Web3 technologies.