NFT Launch Announcement Sends Micro Cap Soaring

As the assets gain popularity, headlines pertaining to NFTs for small and micro cap stocks tend to move the price. That’s exactly what happened today after Bonanza Goldfields Corp. (OTCPK:BONZ) announced that it plans to acquire Marvion and that the group will be launching the world’s first hybrid-NFTs (h-NFTs) on the OKEx NFT marketplace on October 5. This sent the stock flying in late trade.

Bonanza Goldfields Corp is a mineral exploration company. It is engaged in exploring gold and silver properties located in the Goldfield and Comstock Mining Districts of Nevada, and the Chloride Mining District of Arizona, among other properties.

Traders were optimistic on the news as shares popped up to $0.0307/share (+33.48%) at the session high. This move is a strong continuation of the momentum this stock has seen over the last few sessions.