PETALING JAYA: MY E.G. Services Berhad (“MYEG”) today announced the Company’s official entry into the non-fungible token (NFT) space with the launch of NFT Pangolin (www.nftpangolin.com). The global NFT marketplace supports the issuance and trading of NFTs and is set to operate on the soon-to-be- launched Zetrix Layer 1 blockchain network which serves as a parallel chain to the International Backbone and Supernodes of Xinghuo, China’s national blockchain infrastructure.
NFT Pangolin currently supports Ethereum but will also introduce Zetrix-based NFTs, providing for lower gas fees and carbon footprints which not only decreases financial barriers to entry for participants but is also eco-friendly and in line with the industry’s move towards sustainable ESG practices. Hence, the support of multichain NFTs will be a unique value proposition offered by NFT Pangolin. Furthermore, issuers of NFTs on NFT Pangolin will be able to market these NFTs in China as digital collectibles where there are strict regulations on trading of NFTs but collectors may buy them as long-term collectibles.
Mr. Wong Thean Soon, Group Managing Director of MYEG commented: “With Zetrix’s plans to enable a new wave of innovation and the increasing tokenization of all forms of asset ownership, the introduction of Zetrix-based NFTs in our Marketplace is an important step towards achieving that objective. We believe that the application of NFTs will go far beyond digital art and we will be pioneering NFTs which are pegged to ownership of mainstream assets, for example, ownership of your vehicle registration number for a start.”
NFT, a non-interchangeable unit of data, token or asset stored on the blockchain that can be authenticated, sold and traded, has seen exponential growth in popularity among artists and investors alike in recent years. As an ever-evolving company, MYEG sees this as a springboard into a global market to support the creative arts and unlock future innovations built atop smart contracts.
As NFTs have started to become available on multiple chains across the globe, Zetrix will strive to enable the cross-chain trading of NFTs.
NFT assets may be associated with digitalized files, such as photos, videos, and audio and its applications can also include physical items, such as physical art.
With this launch, NFT Pangolin aims to be the platform of choice for ASEAN NFT creators and has set a bold target of reaching a global audience. The platform allows users to mint, sell and trade NFTs via https://nftpangolin.com/.
In the meantime, the platform is working with Imperium Universe, which has listed artists like Vinn Pang and Faezal Tan, and will be adding others in the coming months. Moreover, as part of its aggressive expansion plans, NFT Pangolin will announce key partnerships in the coming months to make the platform an ASEAN-wide home for talents. It is welcoming more artists and partners to join its platform on its journey in pushing the boundaries of this new digital frontier.
In fact, the platform has already onboarded both traditional and digital artists alike, such as Yazeed Kayoom and Johan Ishak, with their collections now available for sale on the platform. NFT Pangolin offers aspiring NFT artists, celebrities and creative talents, including brands, full product development and marketing services, including a lazy minting option for fixed priced items, where the minting cost is paid by buyers during the purchase.
"We are building support for physical artworks as we have received a lot of interest from traditional artists and art galleries who want to enter the NFT space", said Mohamad Johan Nasir, the Business Development Director (SEA) of NFT Pangolin Technologies Sdn. Bhd.
"While the regional space of creative talents is excited to get into the NFT industry, there's still a lot of work needed to educate the mass market of buyers about the benefits and value of owning any NFTs and their potential application outside of the creative world. To solve part of this, we are building a gamified educational tool for upcoming campaigns with influencers, celebrities and brands", said Johan.
The platform is confident that, as a product of the well-established MYEG, it will be able to overcome the barriers to not only reach its targeted potential customers worldwide, but also to nurture the public’s acceptance of NFTs.
"Another disadvantage for the individual issuers is the high marketing costs needed to promote their products to the world. We understand that pain. Being part of the NFT Pangolin tribe and MYEG ecosystem will enable them to get the much sought-after exposure, as we expand our marketing efforts," added Johan.
While there may be a lot of hype associated with NFTs globally, the entry of MYEG, as a public listed company, into this space only hints at more exciting things to come as the new NFT marketplace player in the region. With NFT Pangolin and Zetrix, MYEG takes another step ahead in its digital transformation plans towards an innovative and integrated future.
Media Statement
Thu Mar 10 2022
MYEG today announced the company's official entry into the non-fungible token (NFT) space with the launch of NFT Pangolin (www.nftpangolin.com).
'Kekurangan maklumat mekanisme rasionalisasi subsidi antara punca sentimen pengguna lemah'
Kekurangan maklumat mengenai rasionalisasi subsidi dilihat antara penyebab mengapa sentimen perbelanjaan pengguna berkemungkinan kekal lemah selain inflasi yang tinggi.
Tarikh akhir pengemukaan e-Borang Tahun Taksiran 2023 dilanjutkan ke 15 Mei
Ia meliputi pembayar cukai kategori Individu Pemastautin dan Individu Bukan Pemastautin.
Tahun kelima kempen 'We Care for Society’ Hada Labo terus bantu golongan terpinggir
RM50,000 disumbangkan dengan kerjasama Watsons Malaysia kepada Women of Will (WOW) dan Perstuan Kechara Soup Kitchen untuk salur bantuan kepada golongan memerlukan.
Ringgit susut berbanding dolar AS pada sesi awal
Pada 9 pagi, ringgit merosot kepada 4.7770/7825 berbanding dolar AS daripada 4.7745/7775 pada Khamis.
MAQIS tahan dua ekor anjing dari China, identiti mengelirukan
Pemeriksaan mendapati nombor mikrocip yang diimbas pada badan anjing tidak sepadan dengan nombor mikrocip yang diikrar dalam permit import.
Panggilan Google Meet kini boleh dipindahkan antara peranti tanpa henti
Pengguna kini boleh memindahkan panggilan Google Meet antara telefon pintar dan pelayar web tanpa henti.
Niaga SPOTLIGHT: Sustainability & palm supply chains
Kerentanan Android TV menyebabkan akaun Gmail boleh dirampas
Sebuah kerentanan yang agak serius wujud membolehkan sesiapa sahaja mengakses akaun Gmail yang di log masuk ke TV.
Rumah terbuka Selangor di Kuala Kubu Bharu Sabtu ini langgar akta - Bersih
Bersih persoal lokasi dan masa penganjuran rumah terbuka ini kerana majlis ini dianjurkan di kawasan dan ketika PRK Kuala Kubu Bharu.
AWANI Ringkas: Kedutaan AS sangkal dakwaan Prof Gilley
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
MyEG sambung semula pembaharuan PLKS dalam talian untuk pekerja asing
MY E.G. Services Bhd mengumumkan pembaharuan dalam talian Pas Lawatan Kerja Sementara (PLKS) untuk pekerja asing akan disambung semula pada 15 Januari 2024.
MyEG dan subsidiari dapat kontrak lanjutan tiga tahun JPJ
Kontrak lanjutan itu akan bermula 23 Mei tahun ini sehingga 22 Mei 2026.
KDN beri MyEG lanjutan dua tahun bagi perkhidmatan berkaitan imigresen
MyEG diberikan lanjutan selama dua tahun oleh KDN bagi perkhidmatan berkaitan imigresen.
Perkhidmatan dalam talian mengikut terma dan syarat yang ditetapkan oleh kerajaan - MYEG
MyEG Services Bhd menjelaskan perkhidmatan yang boleh didapati di platform dalam taliannya adalah mengikut terma dan syarat yang ditetapkan oleh kerajaan.
MoF lulus pelantikan MyEG sebagai ejen kutipan hasil kerajaan
Menurut MyEG, terma lanjutan akan dimuktamadkan berdasarkan perbincangan selanjutnya dengan kerajaan apabila tiba masanya.
Kontrak MyEG dilanjutkan 3 tahun, bukan lagi eksklusif - Loke
Loke menjelaskan pihaknya bersedia mempertimbangkan sekiranya ada penyedia e-kerajaan lain ingin membuat permohonan.
Tiga kadar zakat fitrah ditetapkan di Negeri Sembilan
Kadar zakat fitrah di Negeri Sembilan bagi tahun ini ditetapkan pada tiga kadar berbeza iaitu RM7, RM10 dan RM21.
Untung bersih MyEG meningkat kepada RM398.70 juta pada tahun kewangan 2022
Perolehan MyEG susut 10.11 peratus kepada RM651.18 juta daripada RM724.41 juta sebelum ini berikutan permintaan yang rendah.
Perkhidmatan perbaharui cukai jalan, lesen memandu menerusi MyEG tidak terjejas
MyEG turut memberi jaminan bahawa perkhidmatan berkaitan lesen memandu dan cukai jalan berkenaan tetap berjalan lancar.
MyEG meterai perjanjian bagi miliki, kendali Xinghuo BIF International Supernode
Dengan teknologi dan keupayaan perkhidmatan awamnya, Xinghuo BIF akan menyediakan perkhidmatan blockchain kepada negara ASEAN.