Dolphin Entertainment stocks leap after NFT announcement

Dolphin Entertainment

23/03/2021 19:43

** Shares in Dolphin Entertainment  DLPN.O  rose as much as
226%on Tuesday and trading volume spiked after the entertainment
marketing and production company announced the creation of a
non-fungible token division
    ** NFTs - a type of digital assets authenticated by
blockchain - are the latest trend popularized by social media to
spur massive volatility in equities of companies making NFT
announcements and companies involved in online art businesses
    ** DLPN shares were last up 195.2% at $16.09 after rising as
high as $17.79 earlier in the session
    ** So far more than 160 million shares have changed hands in
DLPN's busiest trading session by far since it listed in 2006
    ** DLPN announced earlier in the day that it had formed a
new division dedicated to designing, producing, releasing and
promoting NFTs for itself and its clients within the film,
television, music, gaming, epicurean, and technology industries urn:newsml:reuters.com:*:nACSptxZ6a

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