GSDT Fintech Group Inc (OTCMKTS:GSDT) Stock In Focus After Latest News

While the crypto market maybe in a bit of a turmoil in recent times, companies have continued to work on fresh NFT launches and the latest one to do so was GSDT Fintech Group Inc (OTCMKTS:GSDT). The company came into the news cycle yesterday after it announced the launch of a new and exclusive NFT program.

Market Action

On Wednesday, GSDT stock ended flat at $0.5100 with 575 shares, compared to its average volume 32 shares. The stock moved within a range of $0.5100 – 0.5100 after opening trade at $0.5100.

The company claimed that the new NFT initiative had a broad scope and could in fact prove to be a unique proposition in the NFT landscape. As it happens, the company had earlier launched the NitroBall NFT series to coincide with the 2022 FIFA World Cup.

That NFT collection had been made up of as many as 2022 different NFT avatars and offered more than 110 skins, which signified the different countries which participated in the global event. GSDT Fintech Group announced yesterday that it was going to continue to develop and expand its NFT offerings with similar sort of product lines.

The company also noted that it was also going to continue to add features to the collection on a regular basis. The latest announcement was a significant one and it would be interesting to see if the GSDT Fintech Group manages to find any traction or not.

Key  Quote

“We plan on continuing development in this area as it moves forward and takes the lead in the Web 3.0 space” said CEO Saeb Jannoun. “We believe that the NFT market is still in its absolute infancy at this point in history. Digitization in general will only increase and be adopted by yet-unserved areas of the globe, and we believe that NFTs will enjoy a central role in that adoption.”

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