Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Shares of Wildcat Petroleum (LON: WCAT) are soaring once again following its announcement that it has registered several new trademarks.
Wildcat Petroleum shares are up over 21.6% on Monday at 2.36p.
Wildcat registered the trademarks as non-fungible tokens (NFTs) on the advice of its newly appointed blockchain advisor, Professor Olinga Taeed.
NFTs are a blockchain-related product and, essentially, a one of a kind asset in the digital world. The digital tokens are certificates of ownership. Recently, a digital art collage by Beeple, the first purely digital NFT based artwork, sold for $69.3 million at auction.
Wildcat Petroleum has registered the following trademarks:
They have been filed under the classifications CLASS9 (Downloadable cryptographic keys for receiving and spending cryptocurrencies), CLASS 36 (Financial transactions via blockchain), and CLASS (Data storage via blockchain; Data authentication via blockchain; Certification of data via Blockchain; Blockchain as a Service (BaaS)).
Elsewhere, Wildcat said it is making steady progress towards acquiring an oil asset.
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