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9GAG acquires NFT for $68,300

• Metaverse & Beyond • 112 views

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…

9GAG acquires NFT for $68,300

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:


The world of decentralized finance (DeFi) seems to be taking over the traditional finance scene with its innovative technological advancements. One such advancement that has grabbed the attention of the tech-savvy and creative people are Non-Fungible Tokens (NFTs).

NFTs are unique digital assets that are stored on the blockchain and cannot be exchanged for anything else as they hold a special value due to their uniqueness. NFTs come in various forms like videos, images, memes, collectibles, and even tweets.

On February 20, according to OpenSea data, an NFT called pfp.eth was sold to 9GAG for 40 ETH (around $68,300). OpenSea is a decentralized marketplace that facilitates the buying and selling of NFTs.

The sale of pfp.eth for such a high price is not surprising as it is a blockchain-based identity verification platform that offers a unique identity on the blockchain that cannot be stolen or duplicated. The platform offers secure, reliable, and easy-to-use identity verification services.

The buyer of pfp.eth, 9GAG is a Hong-Kong based social media platform that is known for its viral memes, comical videos and popular culture references. The platform has millions of followers and has managed to garner a substantial social media presence over the years.

The acquisition of pfp.eth by 9GAG is a strategic move on their part to expand their brand identity on the blockchain. It is a clear indication that the company is taking DeFi seriously and is looking to make its mark in the industry.

The purchase of pfp.eth by 9GAG also highlights the potential impact of NFTs on the creative industry. As more and more people start to adopt NFTs, it is expected that many creative content creators would adopt this innovative technology to monetize their creations.

In conclusion, the sale of pfp.eth to 9GAG for $68,300 brings to light the potential of NFTs and the impact it could have on the creative industry. As more and more companies start to embrace this new technology, it is expected that the NFT market will continue to grow, disrupting the traditional financial market as we know it.

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