Our weekly roundup of news from East Asia curates the industry’s most important developments.
Stephen Chow NFTs impress
Hong Kong director Stephen Chow, best known for the iconic filmKung Fu Hustle, has launched a novel NFT collection dubbed “Nobody.” It’s seen more than 10,609 Ether in total volume traded since its inception earlier this month.
On February 8, Ray Chan, the Hong Kongese co-founder of entertainment platform 9GAG, purchased a Nobody NFT avatar for 19.527 Ether, representing a premium of 3,155% to their current floor price of 0.6 Ether.
Nobody’s popularity on OpenSea reached a peak on February 7.
“One actor a year, Stephen Chow for a century; There are millions of little people, but the supreme treasure is unparalleled; Pictures are valuable, [but] memories are priceless,” Chan wrote in praise of the collection.
Amid its popularity, Chow himself changed his X and Instagram profile pictures to Nobody NFTs. “Does anyone have any great ideas forNobody’@realnobodyxyz’s community events? Leave your comments,” the director wrote in a post.
Nobody NFTs have a maximum supply of 10,000, a quarter of which were given away in a promo with crypto exchange OKX that attracted more than 125,000 applicants. They were created last December in collaboration with Chinese-American rapper Jin Au-Yeung, also known as MC Jin, and launched on the Moonbox platform created by the namesake Hong Kong startup.
UBS and OSL tokenize call warrant on Xiaomi stock in Hong Kong
Swiss multinational bank UBS’s Hong Kong subsidiary has tokenized a call warrant option on shares of Chinese smartphone maker Xiaomi using Ethereum. In the February 7 announcement, UBS disclosed that the tokenized financial derivative was sold to Hong Kong cryptocurrency exchange OSL.
Winni Chuek, head of sales at UBS Global Markets, said that the product “enhances transparency, reduces transaction fees, streamlines settlement processes, and allows for more flexible trading hours.”
Patrick Pan, the CEO of OSL, explained the firm is attempting to simulate the “whole product…
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