NFT Technologies Inc (OTCMKTS:NFTFF) Stock Takes a Hit: Here is Why

Recently NFT Technologies Inc (OTCMKTS:NFTFF) was one of the companies to have come into the news cycle in a big way following a key announcement last week and it may be a good move to look into it prior to the opening of the markets.

Market Action

On Monday, NFTFF stock lost 9.09% to $0.0400 with more than 114.30K shares, compared to volume of 19.92K shares. The stock moved within a range of $0.0400 – 0.0500 after opening trade at $0.0500.

NFT Tech Expands Into Golf with its Unique Approach to Combining Web3 and Live Sports Data

Back on January 23 the company announced that it had decided to turn its focus on the gold industry so as to get involved with some of biggest golf tournaments in the world. The company is primarily involved with providing its clients with the tools to speed up entry into the web3 space through advanced technologies. The latest announcement could prove to be a new chapter for NFT Technologies as a company.

This development is particularly interesting since NFT Technologies has already been involved in providing its innovative technologies to two other sports, namely, table tennis and tennis. The collaborations that the company is trying will include digital collectibles, web3 strategies, digital experiences and metaverse experiences.

One of the things that investors need to keep in mind is that NFT Technologies is a pioneer in the field of combining live sports data with non-fungible tokens and that is expected to be a feature of the collaboration too.

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