Dolphin Entertainment (DLPN) – Get Article shares soared for another day Thursday, climbing as more than 50% following the entertainment marketing and content development company signed a relationship with Hall of Popularity Hotel & Entertainment (HOFV) to offer non-fungible tokens, or NFTs.
Dolphin Entertainment jumped 51.25% to $27.72 in trading on Wednesday, settling the stock on the right track for a near six-fold gain before two trading days. Hall of Popularity Resort shares also surged, jumping more than 60%.
Dolphin stock surged more than 236% on Thursday following the company said it established a fresh NFT division that will allow fans of professional football and sports entertainment to trade exclusive content developed by Hall of Popularity Resort and its own partners.
“We are excited to be partnering with Dolphin, an emerging thought head in the NFT market, to accelerate our entry in to the space,” Hall of Popularity Resort CEO Michael Crawford said in a statement. “This partnership will provide us with another chance to unlock extra value from the one-of-a-kind press projects we’ve in development.”
NFTs and other digital possessions have become popular in recent weeks as shareholders pour money into solution advantage classes amid an archive run for shares.
On Mon, Twitter (TWTR) – Get Statement CEO Jack Dorsey sold the tokenized version of his first tweet as an NFT within an public sale with an absolute bet of over $2.9 million.
“Unlike security tokens, NFTs aren’t backed by any actual property other the NFT itself, whether something comparable to a JPEG, GIF, or meme or other digital creation,” Real Money’s Tim Collins explained in a column about NFTs on March 15.
Daniel Roberts, editor-in-chief of Decrypt, joined TheStreet’s Katherine Ross recently to go over NFTs and set up style was here to remain.
Tal Elyashiv, CEO of San Francisco-based SPiCE, a venture capital stable providing its shareholders exposure to the large growth of the blockchain and tokenization ecosystem, said NFTs definitely weren’t a trend.
From digital sports activities cards from “The Gronk” to a limited premiere music release from the band Kings of Leon to a single digital copy of a Banksy being burned, Elyashiv told TheStreet that NFTs were here to remain – and beginning a fresh digital realm of buying, offering, trading, collecting – and investing.