Integration stationAustralian media giant Integrated Media Technologies dips its toes into the booming world of NFTs.
- The stock soared nearly 70% in intraday trading on Thursday to hit its highest price since March before closing up 12.20% at a monthly high.
- The firm announced a new NFT trading platform, investing up to $1bn to take over the rights of a cooperation agreement with Ace Corporation (an NFT funding platform).
- NFTs have become a $40bn market in 2021, making it nearly as valuable as the global art market and a hot topic for investors and businesses alike.
Mo / Unsplash
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