Why Hall of Fame Resort & Entertainment Stock Skyrocketed Today

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Shares of Hall of Fame Resort & Entertainment (NASDAQ: HOFV) soared 39% on Wednesday after the company announced a partnership with Dolphin Entertainment to create non-fungible tokens (NFTs) for NFL fans. 

HOFV and Dolphin Entertainment will work together to create NFTs that will allow fans to buy and sell digital collectibles based on HOFV’s exclusive football-themed content. “We are thrilled to be partnering with Dolphin, an emerging thought leader in the NFT market, to accelerate our entry into the space,” Hall of Fame CEO Michael Crawford said in a press release.

Hall of Fame Resort & Entertainment’s stock price surged on Wednesday. Image source: Getty Images.

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