Shares of entertainment marketing and premium content production company Dolphin Entertainment (NASDAQ: DLPN) have surged on Tuesday after the company announced it has formed a new division dedicated to designing, producing, releasing and promoting non-fungible tokens (NFTs).
The NFTs will be created for both itself and its clients within the film, television, music, gaming and technology industries.
Dolphin Entertainment’s share price rocketed on the news and is currently trading 128.44% higher at $12.45 per share.
WELCOME BONUS - Free Share Bundle When You Invest £50!
Open a UK Investment Account: Shares, ISAs, Managed Portfolio
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
IG
View Offers
Empfohlener Broker
Multi Asset Platform
“NFTs, whether as digital art in their own right, or as collectibles, or simply as promotional items, have entered the realm of pop culture and entertainment, which is where Dolphin lives,” said Bill O’Dowd, CEO of Dolphin Entertainment.
O’Dowd added: “We believe Dolphin’s best-in-class entertainment marketing companies are uniquely positioned to capitalize on the expanded promotional capabilities that NFTs represent, as well as to maximize their potential revenue streams.
“We expect several upcoming projects and partnerships that will combine our creative and marketing expertise to bring exciting offerings to the NFT marketplace.”
Should You Invest in Dolphin Entertainment Shares?
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It’s a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now