GreenPro Capital Corp. (GRNQ) stock gains by 11.28% in the current market trading. Greenpro Capital Corp. is a startup incubator based in Kuala Lumpur, Malaysia, with regional offices across Asia. Its diversified business portfolio includes investment, telecommunications, insurance, CryptoSX, a certified crypto exchange for Securitized Token Offerings “STO’s,” health and wellbeing, and fine art.
What is happening?
GRNQ revealed on April 22, 2021, that it had purchased a limited edition exclusive series of 7,700 NFTs depicting the 1957 launch of the Sputnik satellite. GRNQ paid $16 million for this limited-edition series of 7,700 NFTs, which was paid through 4.32 million GRNQ restricted shares and 1 million MFAI shares that GRNQ had previously issued in May 2020 for the sale of 4% of the Millennium Sapphire. The NFTs are worth 1 ETH each.
Millennium Fine Art Inc. (MFAI), a GRNQ incubation firm from last year, is selling the animated Sputnik NFT series to GRNQ. MFAI has established an NFT studio enterprise for famous artists using animation studios. The Millennium Sapphire is owned by MFAI, which will launch a Security Token Offering (STO) in late May 2021. NFT production and fine art masterpieces are MFAI’s core market models.
GreenPro CEO Dr.CK Lee said that GRNQ is ecstatic to have acquired this valuable and limited-edition NFT series, which will not be sold or distributed anywhere. The GRNQ team is preparing a series of corporate actions based on this one-of-a-kind NFT series. Blockchain and fintech are two of GRNQ’s key industry areas.
The Sputnik Satellite is shown on the Millennium Sapphire as a millennia-long commemoration which is an important achievement for the modern and future generations.