Jay Chou's camp denies he profits from PhantaBear NFT

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Jay Chou
    Jay Chou
    Taiwanese singer, songwriter, actor

10 Jan – Despite selling out the non-fungible token (NFT) series called Phanta Bears, Jay Chou's camp recently stressed that the singer did not profit from the sales at all.

In a statement released by his record label JVR Music, the company stated that the NFT was not launched by the Taiwanese multi-hyphenate himself but via his fashion brand PHANTACi, and that he did not earn a dime from it.

"We're very happy with the success of the NFT, but Jay has not participated in any planning and operation of this business activity nor has he made any profit," the company added.

On the other hand, Mark Geng, the spokesman for the platform Ezek where the NFT was debuted, stated that they will respect JVR's statement and thank everybody for affirming the value of Phanta Bear digital art.

It is noted that 10,000 pieces of the Phanta Bear NFTs were sold in less than 40 minutes, earning Jay's fashion brand PHANTACi USD 10 million, with each bear sold for 0.26 ETH, equivalent to nearly USD 1,000 dollars.

Each virtual Phanta Bear NFT has its own unique feature
Each virtual Phanta Bear NFT has its own unique feature
Jay Chou and Ric Chiang founded PHANTACi in 2006
Jay Chou and Ric Chiang founded PHANTACi in 2006

(Photo Source: Jay Chou Instagram, PHANTACi Instagram, Cool Style)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting