NFT News Sent This Stock Exploding Today
Shares of Chinese live-streaming platform operator Scienjoy Holding Corp. (NASDAQ: SJ) were trading more than 55% higher as of 11:55 a.m. EDT Tuesday after the company announced a new strategic alliance with Snipp Interactive (OTC: SNIP.F).
Scienjoy is partnering with Snipp, which helps its corporate clients run their loyalty and rewards programs, to develop two major initiatives. The first will be a new rewards system that will enable Scienjoy broadcasters and users to earn more points on its platform, which they can then exchange for digital awards.
Scienjoy and Snipp will also explore ways to allow Scienjoy users to create their own non-fungible tokens (NFTs), which are digital files such as art, video, and audio, stored on a blockchain -- the same digital ledger technology that underpins cryptocurrencies.
Source Fool.com
