The9 Limited is an entrenched internet company (Nasdaq: NCTY) (“The9”). It joins Polygon, a scaling platform for Ethereum, and Protocol Labs, Inc. (“Protocol Labs”), which is a large contributor to open-source projects. These projects include IPFS and Filecoin. These two have today announced a strategic partnership to collaborate on The9’s Non-Fungible Token (NFT) platform in a collaborative ecosystem.
In August 2021, The9 introduced NFTSTAR as one of its primary operations. NFTSTAR is an NFT trading platform as well as a community. It allows users to buy and sell NFTs, while also offering interactive experiences. NFT collections produced by licensed IPs of worldwide stars will be available on the site. Users may buy and own limited edition NFT collections from celebrities. Each NFT collectible has its own blockchain record, and users will be able to acquire ownership of these unique NFT collectibles by purchasing them on the platform or exchanging them on NFTSTAR’s marketplace. To make it simple for mainstream customers to join, NFTSTAR will allow a variety of payment options, including credit cards. The formal launch of NFTSTAR (www.nftstar.com) is anticipated in Q4 of 2021.
The three parties have established a strategic collaboration on NFTSTAR and GameFi projects, which include but are not limited to:
Polygon will be the primary public blockchain to sustain the operation and maintenance of The9’s NFTSTAR platform and the GameFi projects created by The9.
NFT collectibles on the NFTSTAR platform are to be kept on the IPFS and Filecoin networks, using decentralized methods to improve the security of NFT goods.
These three parties will begin talks to establish a GameFi fund. The objective of the fund is to look for potential initiatives to invest in related to GameFi and to assist financially and technically. The three will also work together to find new fund partners and continue to look for possible investment opportunities across the world.
The9 invites interested project teams or companies to join this alliance in order to help expand the NFT and GameFi ecosystem by contributing resources and expertise.
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.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 500+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.
About Protocol Labs
Protocol Labs is an open-source research, development, and deployment laboratory. Our projects include IPFS, Filecoin, libp2p, and many more. We aim to make human existence orders of magnitude better through technology.
We are a fully distributed company. Our team of more than 100 members works remotely and in the open to improve the internet — humanity’s most important technology — as we explore new advances in computing and related fields.
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.
For further information, please contact:
Ms. Connie Sun
Investor Relations Specialist