Why Hall Of Fame, Dolphin Entertainment Stocks Are Skyrocketing Today
The shares of Hall of Fame Resort & Entertainment (NASDAQ:HOFV) and Dolphin Entertainment Company (NASDAQ:DLPN) are skyrocketing in the pre-market session on Wednesday, benefiting from the non-fungible token trend.
What Happened: Hall of Fame shares are trading 98% higher at $7.98 at press time. Dolphin Entertainment shares are up 80.6% at $33.10.
Speculations were rife earlier this month on Hall of Fame’s entry into the NFT space. The former special purpose acquisition company, or SPAC, has a working relationship with the NFL.
Why It Matters: NFTs continue to inspire interest, with Beeple following his $69 million NFT sale with another one — this time with the goal to promote climate change awareness.
Beeple said earlier this week, the NFT space is certainly in a bubble, but hoped that the technology will be able to survive the burst of the metaphorical bubble.
Dallas Mavericks owner Mark Cuban has also launched an online gallery displaying NFT art.
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