Why the NFT Craze Has Funko Stock Popping -- but Jiayin, Oriental Culture, and Hall of Fame Stocks Dropping
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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Source Fool.com
