Why Takung Art’s Stock Continues to Swing Wildly

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Shares of the online art platform Takung Art (NYSEMKT: TKAT) dipped more than 24% as of 11 a.m. EDT, continuing its extreme volatility.

Wild stock price swings have become the norm for companies like Takung that investors are hoping will jump into the non-fungible token (NFT) space.

NFTs are digital files such as art, videos, and audio stored on blockchain, which is the digital ledger technology that powers cryptocurrencies like Bitcoin. Some NFTs have already sold for millions of dollars.

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