A leading Internet company, The9 Limited, has announced that it entered the Non-Fungible Tokens “NFT” space. NFTSTAR, is a Singapore-based subsidiary of The9 Limited, to launch an NFT trading and community platform in the fourth quarter. An incentive program for users registering before the launch is currently underway.
The9 has also announced the appointment of Mr. Gagan Palrecha as Chief Operations Officer (COO) of NFTSTAR. He was formerly the VP of Operations at Dapper Labs. A key responsibility of Palrecha is developing business partnerships with celebrities and strategic partners, as well as managing product strategy and business operations. Palrecha is also going to establish a North American operation team.
Chris Shen, CEO of NFTSTAR said, “We are very glad that Mr. Palrecha is joining NFTSTAR. NBA Top Shot, developed and operated by Dapper Labs, has already achieved great success in the NFT market. Mr. Palrecha has extensive experience and resources for the operation of the NFT platform. He will work with the management team to further formulate both short-term and long-term product and operation strategies.”
NFTSTAR is an NFT trading platform and community that allows users to trade, purchase, and engage in interactive activities. NFTSTAR will show collections by global stars licensed from NFT. The site allows users to buy blind boxes based on their levels of interest and to own stars’ limited NFT collections. Through NFTSTAR’s marketplace, users can purchase individual NFT collectibles and acquire ownership of the unique coins. NFTSTAR will accept standard payment methods, such as credit cards, to make it easier for mainstream consumers to participate.