SINGAPORE, Sept. 23, 2021 /PRNewswire/ -- The9 Limited
(Nasdaq: NCTY) ("The9"), an established internet company, Polygon,
an Ethereum scaling platform, and Protocol Labs, Inc. ("Protocol
Labs"), a major contributor of open-source projects including
InterPlanetary File System, or IPFS, and Filecoin, today announced
that they are forming an ecosystem collaboration on The9's
Non-Fungible Token (NFT) platform NFTSTAR and GameFi Play-to-Earn
projects.
The9 announced NFTSTAR as one of its core businesses in
August 2021. NFTSTAR is a NFT trading
and community platform that provides users with purchase, trade,
and interactive activities. The platform will feature NFT
collections created by global stars' licensed IPs. Users can
purchase and own stars' limited NFT collections. Each NFT
collectible has a unique record on the blockchain, and the users
will obtain the ownership of the unique NFT collectibles 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 mainstream consumers to
participate. NFTSTAR (www.nftstar.com) is expected to be officially
launched in the fourth quarter of this year.
The three parties have formed an ecosystem collaboration on
NFTSTAR and GameFi Projects including but not limited to the
following areas:
- The9's NFTSTAR platform and the GameFi projects developed by
The9 will consider Polygon as the first priority of public
blockchain to support the technical operation and maintenance.
- NFT collectibles on NFTSTAR platform will be stored on IPFS and
Filecoin network through leveraging the decentralized systems to
enhance NFT products' security.
- The three parties will initiate discussions to form a GameFi
fund, which will seek promising GameFi projects to invest in and
provide financial and technical support to them. The three parties
will also collaborate to identify new partners for the fund and
continue to explore potential investment opportunities
globally.
Seeking to contribute resources and experience to stimulate the
development of NFT and GameFi businesses, The9 welcomes relevant
project teams or organizations to join this alliance, for a better
growth of the NFT and GameFi ecosystem.
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.
About Polygon
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.
If you're an Ethereum Developer, you're already a Polygon
developer! Leverage Polygon's fast and secure txns for your Dapp,
get started here.
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.
Website: https://www.the9.com/en
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SOURCE The9 Limited