- The stock price of Liquid Media Group Ltd (NASDAQ: YVR) increased by over 40% during intraday trading. This is why it happened.
The stock price of Liquid Media Group Ltd (NASDAQ: YVR) increased by over 40% during intraday trading. There appears to be a sympathy play involving NFTs.
Investors appear to be interested in the recent trends around non-fungible tokens (NFTs). “Everydays: the First 5000 Days,” a collage of images sold for $69,346,250 on March 11, 2021, which made it the third most expensive artwork by a living artist (created by Mike “Beeple” Winkelmann). And it was the first purely non-fungible token to be sold by Christie’s.
Last week, another China-based electronic platform for artists called Takung Art Co., Ltd. (NYSEAMERICAN: TKAT) also saw its stock price increase. TKAT is also up more than 30% today as well. OCG also went up more than 30% today as well.
What does Liquid Media Group have to do with NFTs? Last week, Liquid Media Group signed a distribution agreement with Atari. And a couple of days ago, Atari had announced it entered into a strategic partnership with Bondly (an e-commerce platform for digital assets) in order to launch NFTs across gaming, music, etc.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.