SINGAPORE, Nov. 18, 2021 /PRNewswire/ -- The9
Limited (Nasdaq: NCTY)("The9") today announced that NFTSTAR,
a wholly owned subsidiary of The9 for NFT trading and community
platform, has signed an exclusive license agreement with two-time
NBA MVP, Giannis Antetokounmpo, and his three brothers,
Thanasis Antetokounmpo, Kostas Antetokounmpo and
Alex Antetokounmpo. NFTSTAR will develop, sell, and trade
NFT collections authorized by the Antetokounmpo brothers, and the
brothers will become global ambassadors and shareholders of The9
Limited and NFTSTAR.
The 2021 NBA Finals MVP and Champion, Giannis is a global
superstar and one of the most exciting players in the NBA. The
five-time NBA All-Star has been named to the All-NBA First Team
three times, All-NBA Second Team twice and was named the 2020 NBA
Defensive Player of the Year. Originally from Athens, Greece, Giannis and his family emerged
from humble beginnings and have flourished into one of the most
recognizable families in sports around the world.
With family at the center of everything the Antetokounmpo's
stand for, Giannis will be joined by three of his four brothers,
who are all professional athletes, in this partnership. Thanasis,
the second eldest Antetokounmpo brother, is a forward for the
Milwaukee Bucks and a member of the Bucks' 2021 Championship team.
Kostas, who was drafted in the second round of the 2018 NBA Draft,
won his first NBA championship in 2020 with the LA Lakers. The
power forward is currently signed with LDLC ASVEL, a French
professional basketball team in the top-tier level French Pro A
League. The youngest of the Antetokounmpo brothers, Alex, currently
plays with the Raptors 905 in the NBA G League, after winning the
2021 NBA Summer League Championship as a member of the Sacramento
Kings.
The four brothers will work with NFTSTAR's creative team and
artists to develop a series of NFT collectibles, including videos,
animations, and other digital artworks. These collectibles will
chronicle and highlight their careers, personal growths, and
important beliefs.
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.
NFTSTAR Community will feature celebrities from various fields,
including but not limited to sports, entertainment, art, and other
industries. NFT Community aims to create and empower the
'Metaverse' through trading, collection, and engagement with NFT
collectibles which the IPs are authorized by the celebrities.
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.
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SOURCE The9 Limited