Shares of Hall of Fame Resort & Entertainment (NASDAQ: HOFV) surged 32% Monday, fueled by excitement over its potential opportunity in the booming non-fungible token (NFT) market.
Interest in NFTs has reached a fevered pitch in recent weeks. Blockchain technology makes it possible for people to own unique digital items, such as artwork, music, and video clips. Some of the most popular NFTs have sold for hundreds of thousands and even millions of dollars.
NFL-themed NFTs could be popular among fans and investors alike. Image source: Getty Images.
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Why Hall of Fame Resort & Entertainment Stock Soared Today