CRIPCO lists IP3 on FTX, and paves the way for ‘WADE NFT’ and other IP-based NFT projects
A total of three million ‘IP3 tokens’ were sold in CRIPCO’s Initial Exchange Offering (IEO) which took place on July 8, 2022at 13:00 UTC, on the FTX exchange. Despite the current bear market, the total amount of FTT (FTX Token) invested in this IEO was worth approx. USD 120 million. The IEO subscription price was 15 to 1. The price of public offer was approx USD 0.2 and per 00:00 July 12increased by approx. 440% to USD 1.08.
IEO’s success can be attributed to the high level of reliability and stability of the IEO listing and the participation of global leading venture capitalists, FTX Ventures and SOLANA Ventures, as investors. Consequently, FTX and CRIPCO believe that IEO exceeded expectations and that significant results were achieved for CRIPCO’s IP-based blockchain and NFT business vision.
“Individuals and members of the global blockchain and NFT industry ecosystem, including IP and blockchain companies, have expressed interest in CRIPCO’s unique IP-based NFT business model,” said an FTX official, who positively evaluated CRIPCO’s FTX IEO performance and response from industry.
With the construction of the ‘IP3 token’, CRIPCO is now building the ‘CRIPCO Marketplace’ and will introduce its first NFT project in August, ‘WADE NFT’. This project uses WADE IP, created by CRIPCO’s DAO key members, IPX (formerly) LINE FRIENDS), and KB LEE, a well-known street fashion artist. This marks the start of a collaborative project with SOLANA that will be promoted in the second half of 2022.
WADE is a virtual artist immersed in subculture. In addition to attending ComplexCon, a street fashion conference in the United States, WADE has collaborated with brands, including Leica, which exhibited WADE’s work on ‘O! Leica 2022 – Out of the Ordinary ‘photo exhibition in Seoulattracts international attention and establishes a new trend in the virtual IP area.
“WADE NFT” operates on the SOLANA chain and is the first IP NFT project selected by CRIPCO’s DAO. With the full support of DAO members, including NAVER Z (ZEPETO), Fujiwara HiroshiMUSINSA and KASINA, which showcase unique talents, creativity and inspiration, ‘WADE NFT’ is expected to generate high levels of synergy and anticipation.
Through DAO management, CRIPCO will continue various NFT projects, launch ‘CRIPCO Marketplace’ this year to maximize the use of IP and NFT for companies and individuals, and enable the implementation of its digital content businesses. Through this, the company plans to demonstrate the benefits of building the CRIPCO ecosystem in IP-based blockchain and NFT rooms.
About CRIPCO
CRIPCO is one Singapore-based global blockchain and NFT company that aims to popularize NFTs based on different IPs and has listed its original token ‘IP3 token’ on the FTX exchange on July 8, 2022. Investors and partners include FTX Ventures and SOLANA Ventures. CRIPCO’s management is based on a decentralized autonomous organization (DAO), which oversees all business-critical decisions from IP screening to IP-based NFT projects. CRIPCO DAO consists of companies from various fields, renowned artists and other influential members across industries, such as IPX (formerly LINE FRIENDS), NAVER Z (ZEPETO), Marciano MMG, Fujiwara Hiroshi, Edison ChenKB LEE (Kyubum Lee), and James Fauntleroyetc. In addition to attracting investments from global blockchain venture capital and a major fashion platform, CRIPCO has secured partnerships with companies in the blockchain industry and is building its ecosystem to realize its ‘IP 3.0 Hub’ vision.
To learn more about CRIPCO, please visit https://cripco.com
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