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The9 Limited. (NCTY) stock declines during pre-market trading session. Here’s what you should know?

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The9 Limited. (NASDAQ: NCTY) stock gained by 1.30% at the last close whereas the NCTY stock price declines by 6.95% in the pre-market trading session. The9 Limited is a 2004 NASDAQ-listed Internet firm. The9 aspires to be a global, high-tech, diverse Internet corporation.

NCTY stock’ Current Development

The9 Ltd. Has decided to create an ecosystem collaboration on two very important platforms which are The9’s Non-Fungible Token (NFT) platform NFTSTAR and GameFi Play-to-Earn projects.

In August 2021, The9 introduced NFTSTAR as one of its key operations. NFTSTAR is a community and trading platform for NFTs that allows users to buy, sell, and engage in interactive activities. NFT collections formed by licenced IPs of global stars will be available on the platform. Users may purchase and own limited edition NFT collections from celebrities. Each NFT collectable has its own blockchain history, and users will be able to acquire ownership of these unique NFT collectibles by purchasing them on the platform or exchanging them on NFTSTAR’s marketplace. To make it easier for mainstream customers to join, NFTSTAR will allow a variety of payment options, including credit cards. The formal launch of NFTSTAR is scheduled in the fourth quarter of this year.

Furthermore,

The three parties have created an ecosystem partnership on NFTSTAR and GameFi projects, which includes but is not limited to:

  • Polygon will be the prime focus of public blockchain to fund the technical management and operation of The9’s NFTSTAR platform and the GameFi projects produced by The9.
  • NFT collectibles on the NFTSTAR platform will be kept on the IPFS and Filecoin networks, utilising decentralised mechanisms to improve the security of NFT goods.
  • The three parties will begin talks to establish a GameFi fund, which will look for promising GameFi initiatives to invest in and assist financially and technically. The three parties will also work together to find new fund partners and continue to look for possible investment opportunities throughout the world.

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