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Chan co-founded the online entertainment platform 9GAG as a side project, which grew into a global social media website with over 200 million users.

Ray Chan graduated with a Bachelor of Laws (LLB) from The University of Hong Kong, where he was also the captain of the university's debate team.

Chan launched Memeland, a Web3-focused venture studio by 9GAG, to build and invest in social products with community ownership, starting with NFTs.

CoinDesk recognized Ray Chan in its annual list of the most influential figures in the crypto industry for his work in bridging meme culture with Web3.

Chan acquired a controlling stake in a Hong Kong-listed company, renaming it MemeStrategy Inc. to create a virtual asset ecosystem venture.