WISeKey leads NFT related stock declines after doubling in previous day's session (updated)

Dolphin Entertainment

25/03/2021 15:23

(Updates prices)
    ** U.S.-listed shares of Swiss cybersecurity firm  WKEY.O 
 WIHN.S  down 33.1% to $13.74 ; putting it on track for a record
one-day percentage decline
    ** WKEY rocketed 100% to record high of $22.40 on Wed after
it announced launch of WISeArt, a non-fungible token (NFT) - a
type of digital asset authenticated by blockchain
    ** The buzz around NFTs has grown louder in recent months as
enthusiasts and investors use spare savings to buy up items that
exist online; Twitter Inc  TWTR.N  boss Jack Dorsey's first
tweet was sold for $2.9 mln in NFT  urn:newsml:reuters.com:*:nL8N2L95XZ
    ** Other NFT-related stocks were also falling on Thursday
after surging in recent days 
    ** Hall of Fame Resort & Entertainment  HOFV.O  down  21.3%
at $4.41 while its NFT partner Dolphin Ent  DLPN.O  off 25.2% at
14.3.  urn:newsml:reuters.com:*:nL4N2LL4I9
    ** Kuke Music Holding  KUKE.N , Oriental Culture Holdings
 OCG.O  both down ~13%
    ** U.S.-listed shares of Takung Art  TKAT.N  however were
less volatile, last down 2.3%  urn:newsml:reuters.com:*:nL1N2LK2C4  urn:newsml:reuters.com:*:nL4N2LM37G
 urn:newsml:reuters.com:*:nL1N2LK2QK
    ** As of last close, Nasdaq-listed shares of WISeKey close
to tripling YTD

 (Reporting by Susan Mathew in Bengaluru, Sinéad Carew in NY)
 ((susan.mathew@thomsonreuters.com; +91-80-6287-2704;))