Hall of Fame Resort, Dolphin Entertainment surge on NFT deal

Dolphin Entertainment

23/03/2021 21:44

** Hall of Fame Resort & Entertainment's  HOFV.O  shares
jump 62% to $6.55 after the bell, while Dolphin Entertainment
 DLPN.O  gains 28% to $23.44 
    ** HOFV signs partnership with DLPN to offer non-fungible
tokens (NFT) - a type of digital asset that is authenticated by
blockchain - that will allow sports fans to buy and sell
exclusive content developed by HOFV and its partners 
    ** The partnership provides HOFV with another way to
generate revenue from its burgeoning media division  urn:newsml:reuters.com:*:nBw74Ts43a
    ** Earlier in the day, DLPN said it had formed a new
division dedicated to designing, producing, releasing and
promoting NFTs for itself and its clients  urn:newsml:reuters.com:*:nL1N2LL2MW
    ** NFTs have exploded in popularity during the pandemic as
enthusiasts and investors scramble to spend enormous sums of
money on items that only exist online
    ** So far this year, DLPN has risen ~60% and HOFV has jumped
more than four-fold in value 

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))