Greenpro Capital Corp. (NASDAQ: GRNQ) a leading company primarily focused on the provision of cloud system resolution, financial consulting services, and corporate accounting services, released photo outtakes and details of its limited-edition exclusive series of 7,700 NFTs representing the 1957 Sputnik satellite launch.
At last check, shares of Greenpro Capital Corp. (GRNQ) increased 14.71%. In the past 12 months, the company’s stock has advanced 353.18%, and in the last week, the stock has moved down to -29.53%. The company had an earnings per share ratio of -0.06.
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About NFT investment
GRNQ acquired the limited-edition series of 7,700 NFTs for $16 million and paid 1 ETH each at the rate of $2,100. ETH has now appreciated in value to $4,164 giving the Company a profitable stance of $15,892,800. One of GRNQ’s core business focus is blockchain and financial technology. GRNQ investment in the limited edition NFT series has doubled in value in 14 days to reach $32 million, with the company forecasting a full-year profit.
The animated Sputnik NFT series was purchased by Millennium Fine Art Inc. (MFAI) MFAI has set up an NFT studio business with leading artists making use of animation studios. The strategy establishing a strategic relationship with leading studios will facilitate the vision of the company and allow the company to penetrate into new markets. It will also help to produce a flow of new fresh content based on the original art carvings.
Carvings such as the original ‘First man on the moon and the world’s most influential people to wonders of the world such as the Pyramids and the historic Sputnik launch, will all be produced into detailed animated NFTs. The content generated will form the basis of the partnerships with leading global digital artists and their interpretations through NFT animations to give these pieces an aesthetic representation.
GreenPro CEO Dr.CK Lee said: “I’m proud to report that GRNQ will be profitable this quarter, furthermore we anticipate a full year profit. We are planning a series of corporate actions around this unique NFT series to reward our shareholders.”
GRNQ also operates in venture capital businesses, inclusive of business development for onset businesses and high growth companies focusing on finance, technology, FinTech, and health.
Conclusion
Investments and product line diversification into the lucrative field of NFT’s combined with the usage of Cryptocurrency such as Ethereum have peaked investor expectation from the company with GRNQ stock up 14.71% at last check.
Furthermore, the exclusivity of the NFT has surged its demand with emphasis on interpretation of NFT animations by leading digital artists.