Why Shares of Hall of Fame Resort & Entertainment Are Starting the Week on a High Note

Shares of Hall of Fame Resort & Entertainment (NASDAQ: HOFV) were up more than 33% in the final hour of trading today. The stock continues to reap the benefits from its recent announcement that it plans to jump into the non-fungible token (NFT) space.

NFTs are digital files such as art, video, audio, and other files stored on blockchain, which is the digital ledger technology that powers cryptocurrencies like Bitcoin. Some NFTs have already sold for millions of dollars.

Hall of Fame Resort & Entertainment is a company that seeks to create football-themed resort and entertainment experiences. Investors had already been pumping the stock on speculation that it might jump into the NFT space.

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Source Fool.com