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CRIPCO successfully lists IP3 token on the FTX, cryptocurrency exchange
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Renown VC firms, FTX Ventures and SOLANA Ventures, confirm expectations and interest in CRIPCO’s IP-based blockchain and NFT business
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‘WADE NFT’, the first NFT project in collaboration with SOLANA, will contribute to the establishment of the ‘CRIPCO Marketplace’ and the realization of IP3 tokenomics
SEOUL, South Korea, July 12, 2022 /PRNewswire/ — Global blockchain and NFT company CRIPCO has announced the successful listing of its native ‘IP3 token’ (ticker: IP3) on leading global cryptocurrency exchange, FTX.
A total of three million ‘IP3 tokens’ were sold in CRIPCO’s Initial Exchange Offering (IEO) that took place on July 8, 2022, at 13:00 UTC, on the FTX exchange. Despite the current bear market, the total amount of FTT (FTX Token) staked in this IEO was worth about USD 120 million. The IEO subscription rate was 15 to 1. The public offering price was about USD 0.2 and as of 00:00 a.m. July 12, increased by about 440% to USD 1.08.
The 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 capitals, FTX Ventures and SOLANA Ventures, as investors. Accordingly, FTX and CRIPCO believe that the 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 official at FTX, positively evaluating CRIPCO’s FTX IEO performance and response from the industry.
With the listing of the ‘IP3 token’, CRIPCO is now building the ‘CRIPCO Marketplace’ and will introduce its first NFT project in August, ‘WADE NFT’. This project utilizes the WADE IP, created by CRIPCO’s DAO key members, IPX (formerly LINE FRIENDS), and KB LEE, a famous street fashion artist. This marks…
