The 9 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 have established a strategic partnership to form 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 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 a strategic partnership on NFTSTAR and GameFi Projects including but not limited to the following areas:
1. 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.
2. NFT collectibles on NFTSTAR platform will be stored on IPFS and Filecoin network through leveraging the decentralized systems to enhance NFT products’ security.
3. 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 better growth of the NFT and GameFi ecosystem.
