Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

After CryptoPunks, Bored Ape, Pudgy Penguins swept major social media platforms, now Phanta Bear (phantom bear) has become the most popular NFT avatar. I believe that there are always some friends in the social media circle of many friends who are following the trend of stars and change their avatars to “phantom bears” with star eyes.

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

Jay Chou posted on Instagram

Jay Chou couple and many other stars support

On December 31, 2021, Jay Chou and Kunling posted the Phanta Bear NFT image for the first time in Ins, and said that this was the “first special gift” they received. On the evening of January 3, Jay Chou posted the NFT avatar PHANTA BEAR #10000 he received again. He also posted, “In 2022, I will change my avatar for a few months and feel the feeling of the Metaverse.”

This Phanta Bear design wears the “18” jersey representing Jay Chou’s birthday, plus the overall shape of star-shaped sunglasses, wearing a hat and magic, all of which are full of Jay Chou elements.

In the following days, many stars such as Lin Junjie, Mayday Ashin, Xiu Kaijie and even Edison Chen changed their Instagram avatars to Phanta Bear NFTs.

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

Phanta Bear NFT will be issued on the Ezek platform at 11:00 on January 1, 2022, with a limited number of 10,000 pieces and a unit price of 0.26ETH. For a time, Phanta Bear, an NFT artwork jointly produced by Jay Chou’s trendy brand PHANTACi x Ezek, became a global hot topic.

However, JVR Music, a record company co-founded by Jay Chou, issued a statement on its official Weibo on January 3, saying that this business activity is not an NFT launched by Jay Chou. Jay Chou only received the “Phanta Bear” NFT gift from PHANTACi, and was happy with the success of the product’s sales, but Jay Chou did not participate in any planning and operation of this business activity, nor did he obtain any income.

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

New Year’s Day opening, Phanta Bear  NFT gains nearly 23 times

Phanta Bear sold 3,000 units in 5 minutes, and all were sold in about 40 minutes. The opening revenue was 10 million US dollars. After its release, it quickly ranked in the top three in Opensea, the world’s largest NFT secondary trading market , surpassing the NFT avatar inBetweeners collected by Justin Bieber, and leaving behind CryptoPunks, the originator of NFT avatars.

As of press time, Phanta Bear has a trading volume of 12,700 ETH, or about $40 million. The floor price has also risen from 0.26ETH at the time of sale to 5.9ETH, which is nearly 23 times the revenue from the currency price alone. At present, its popularity is still ranked fifth on the list, and its amazing sales and income quickly came out of the circle, and CNN and other international media also rushed to report.

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

Jay Chou has always kept a low profile on his sideline business. He has denied several times in the past that the PHANTACi, 300 Warriors Gym, and J Café that use his portrait are related to him.

Although Jay Chou stated that he did not invest this time, he still helped his friends to promote it in the community from time to time, which was uncharacteristically, causing many fans to mistakenly believe that it was NFT issued by him. After the popularity of Phanta Bear, on January 6, Jay Chou wrote on Ins more happily, “Brother must be the first in everything, even if you are a brother, but in the art world of the metaverse, I think third is okay. .”

Compared with Jay Chou’s vigorous forwarding and publicity in the community, Liu Genghong, one of the initiators of Phanta Bear NFT on the Ezek platform, only posted a picture of Phanta Bear NFT in the community after its release. “ETtoday” reported that Ezek platform Taiwan spokesman Jiang Chenggong responded, “We respect Jewell’s statement and thank everyone for affirming the value of Phanta Bear’s digital art.” Plans to buy virtual land and hold a Metaverse concert 

Liu Genghong is Jay Chou’s middle school classmate and a friend in the circle. Jiang Chengcheng, the spokesperson of Ezek platform Taiwan, once served as the agent of Wu Zongxian, the king of variety shows, and is now a producer of Jay Chou Films.

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

One of the initiators of NFT works on the Ezek platform that issued Phanta Bear is Jay Chou (second from right) and his friend Liu Genghong (first from right). (Photo taken from Jay Chou Ins)

It is reported that the trendy brand PHANTACi was founded in Taipei in 2006 by Jay Chou and Liu Genghong. Jay Chou invested NT$2 million to own more than half of the store, but was not responsible for day-to-day operations. In 2017, the trendy brand also entered the Sanlitun business district in Beijing. Since its establishment more than ten years ago, PHANTACi has cooperated with Nike, New Balance, CASIO, Stussy, Converse, PUMA and many other brands. Its iconic IP is the “phantom bear” with star eyes, and the founder of the parent company of Ezek, the NFT distribution platform, is also Liu Genghong.

Before the Phantom Bear NFT rush, Liu Genghong said that more collaborations with trendy entertainment NFTs will be announced in the future, as well as continuous expansion to create an interactive community that transforms traditional entertainment content into a new generation of digitally encrypted entertainment experience. Currently, Ezek is preparing for virtual concerts at the same time. Yes, the Ezek platform allows NFT owners to become Ezek Club members. In the future, they can use their NFT tickets to enter the latest VR/XR virtual concerts and related virtual real estate. Ezek club was established on Discord, and it has been in the 3 days since its establishment. More than 20,000 people around the world have joined, which shows that Jay Chou’s charm has also swept the currency circle.

Ezek’s official website also shows that in the first quarter of 2022, they will select 4 phantom bears from the NFT community vote and launch the physical version in the spring series. And will hold a Metaverse virtual concert in 2022.After Ezek’s virtual concert, in the second quarter they will buy a piece of virtual land in the Metaverse to create a membership club for future concerts to collaborate with film studios.

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

There are a lot of Phanta Bear and trendy PHANTACi design items on Ezek’s official website:

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

Among them, Ezek’s original intention and vision for creating Phantabear , the part about the project introduction wrote:

In 2013, while filming “The Roof,” which Jay Chou wrote, directed and performed, we couldn’t help but wonder if there was some way for audiences to go beyond just watching the movie and allow them to truly fully immerse themselves in the film’s scene experience.

PHANTACi is a fashion brand founded in 2006 by Jay, who has endless creative inspiration, and Ric, who has unique insights into the fashion industry. PHANTACi incorporates very flamboyant designs and ideas from what the word Phantom conveys as a unique and stylish idea.

Now we want to combine our artistic vision with the new blockchain era by creating the Phanta Bear NFT project .Phantom Bear has two bright star eyes, and his heart is full of the artistic talent of the Chinese king. 10,000 unique Phantom Bears feature PHANTACi’s signature fashion and offer a wealth of online and offline benefits, allowing their owners to enjoy life in and out of the virtual world.

Why is the Phanta Bear NFT supported by Jay Chou and other stars so popular

Under the influence of star endorsement and wealth creation, there are many people who buy this NFT, and the Opensea platform alone has more than 5,000 owners. Many investors carry “large sums” of 50 to 100 to madly sweep the goods.They believe that Phanta Bear is the NFT with the most opportunity to go out of the Bayc (boring ape) route in the current market. After all, the Meme effect is very strong now, and the upside cannot be estimated.

Rayan Wu, who spent $500,000 to buy Phanta Bear NFT works, said that some people think I bought this because of my feelings for Jay Chou. In fact, my feelings for him have been satisfied when I bought the first Phantom Bear, and the rest of those buying operations are investing.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/why-is-the-phanta-bear-nft-supported-by-jay-chou-and-other-stars-so-popular/
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