9GAG Makes a Big Entrance to the NFT Market With the Purchase of pfp.eth
On February 20, according to OpenSea data, pfp.eth was sold at 40 ETH (about US $68300), and the buyer was 9GAG (memeland. eth).
Memeland.eth bought pf…
On February 20, according to OpenSea data, pfp.eth was sold at 40 ETH (about US $68300), and the buyer was 9GAG (memeland. eth).
Memeland.eth bought pfp.eth at 40 ETH
Interpretation of the news:
In recent times, Non-Fungible Tokens (NFTs) have been the go-to alternative for enthusiasts seeking to invest their cryptocurrencies in rare digital assets. As expected, the growing popularity of NFTs has attracted well-known entities to explore this new market, with several celebrities, athletes, and musicians entering this lucrative market. However, none of them have had the impact of 9GAG, who recently announced their acquisition of a popular NFT asset pfp.eth.
According to OpenSea data, pfp.eth was sold for 40 ETH, valued approximately at $68300, to the well-known meme sharing platform, 9GAG. This purchase marks the first of its kind by the company in the NFT market, making its entry into the space with an impressive acquisition of a valuable asset.
Pfp.eth has gained attention in the NFT market after being minted on January 27th, 2021, on the Ethereum blockchain. It features a digital face of a person with a pixelated background, reminiscent of artwork from the 80s and 90s. Since its inception, Pfp.eth has been a popular asset that has attracted several investors and enthusiasts seeking to acquire valuable NFTs.
The acquisition by 9GAG into the NFT market is a significant move, showing the company’s commitment to providing innovative products and services. As one of the most popular online platforms, with over 50 million followers on social media, 9GAG has created a wide-ranging impact with its unique blend of content since its inception in 2008. Now, with the acquisition of the pfp.eth NFT, 9GAG has voyaged into a new level in the digital asset market.
In conclusion, this recent acquisition signifies the growth and influence of the NFT market, drawing the attention of well-established companies alike. While 9GAG’s entry into the NFT market may spark even more intrigue in the NFT space, it demonstrates the vast potential of a market that was once undervalued. It stands as a signal for others to access and maximize the potentials that lie within the NFT market, providing new and diverse opportunities for investors to explore.
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