NFTs Continue To Dominate Headlines

For those who thought they’ve seen it all in terms of investments and assets alike, just as cryptocurrencies took the world by surprise, Non-Fungible Tokens (NFTs) have exploded in terms of popularity.

There is so much hype that we’re already seeing publicly traded companies get involved with this newly developed industry. This is exactly what we saw when the announcement came out that Blockcahin Foundry Inc. (CSE:BCFN) has entered into a blockchain development agreement with House of Kibaa to build an exclusive extended-reality NFT marketplace.

Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses. The company operates in only one business segment, namely consulting services. Its Primary services include Project-based contracts and Proposals. Some of its solutions are Syscoin Spark Wallet, Syscoin Price Peg Server, and Blockmarket suite. The company's geographical segments are the Americas and the Caribbean.

Traders were excited about this announcement as shares ripped up to a session high of $0.31/share (+19.23%). This move captures just how much demand there is to gain exposure to those getting involved with the evolving NFT industry.