Greenpro Capital (GRNQ) Acquires $16 million in Non-fungible Tokens

April 22, 2021 9:08 AM EDT
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Greenpro Capital Corp. (NASDAQ: GRNQ) today announced that it has acquired a limited edition exclusive series of 7,700 NFTs depicting the 1957 Sputnik satellite launch.

GRNQ bought this exclusive series of 7,700 NFTs for $16 million paid via 4.32 million GRNQ restricted shares and 1 million MFAI shares owned by GRNQ previously issued in May 2020 for its sale of 4% of the Millennium Sapphire. The NFTs are valued at 1 ETH each.

The animated Sputnik NFT series is being sold to the Company by a GRNQ incubation company from last year, Millennium Fine Art Inc. (MFAI) MFAI has built a NFT studio business with prominent artists utilizing animation studios. MFAI owns the Millennium Sapphire and is conducting a Security Token Offering "STO" in late May 2021. MFAI's main business model is NFT production and fine art masterpieces.

Millennium Fine Art CEO, Daniel Mckinney said: "we are proud to be working with GRNQ on this ground breaking institutional NFT deal. GRNQ continues to innovate in digital assets and trail blaze."

GreenPro CEO Dr.CK Lee said: "We are thrilled to acquire this valuable and exclusive NFT series which will not be sold or available anywhere else. We are planning a series of corporate actions around this unique NFT series. One of GRNQ's primary business focuses is blockchain and fintech."

The representation of the Sputnik Satellite on the Millennium Sapphire is a millennia-long commemoration of this significant accomplishment for the current generation and those to come.

Please view the Sputnik lapis prototype: https://www.mstoken.art/sputnik



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