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$HOFV a possible NFT play in the future?

NASDAQ:HOFV   Hall of Fame Resort & Entertainment Company
A former SPAC associated with the NFL is spiking on traders calling it a possible NFT play in the future.

is being circulated as a possible NFT play for investors. The company has a working relationship with the NFL in several areas and one Twitter account called the company the next NFT target play.

“Check this news the angle stands out clear as day,” the tweet read.

An article from NBC Sports was shared as part of the tweet that said the NFL is working on an NFT strategy.

The NFL has told teams they shouldn’t make their own NFT deals without checking with the league first. The article did not mention any names or call out Hall of Fame Resort & Entertainment.

“We are aware of the NFTs and working to understand them better,” a Hall of Fame Resorts spokesperson told Benzinga Friday.

NFTs, or non-fungible tokens, are a hot topic in 2021 and investors are looking for companies with exposure to the growing market.

The NFL could be looking to replicate the success of NBA Top Shot with its own NFT platform. Hall of Fame Resorts is a partner with the NFL but does not have experience in the blockchain market.

“We know that we have incredible content and are always looking at different ways to monetize our assets,” the Hall of Fame Resorts spokesperson told Benzinga.

Hall of Fame Resorts has a working relationship with the NFL. At this point, the company has no entry in the NFT market, so the rise in shares is based on speculation of a possible partnership.

www.benzinga.com/mar...on-nfl-nft-potential

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