Shares of Funko (NASDAQ: FNKO) , the collectible toys maker, are on a tear Tuesday afternoon, up 17.4% as of 2:30 p.m. EDT. Why? Apparently, investors are jumping on a comment the CEO dropped, to the effect that Funko is about to dive into the market for a form of cryptocurrency known as " non-fungible tokens " in the near future.
As website toynewsi.com reported yesterday, Funko CEO Brian Mariotti just revealed in an interview that Funko wants to "be out in the market" for non-fungible tokens, or NFTs. "Fairly soon," said Mariotti, he aims to "tie digital NFTs to our fan base and link entities with physical products."
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For further details see:
Why the NFT Craze Has Funko Stock Popping -- but Jiayin, Oriental Culture, and Hall of Fame Stocks Dropping