Lion Group (NASDAQ:LGHL) stock is on the move Friday after the company announced a new NFT marketplace and MetaWords plans.
Let’s dive into that news below with all the details investors of LGHL stock need to know about.
- First off, the company launched its Lion NFT market platform today.
- To go along with that launch is its MetaWords NFT art project.
- This has it teaming up with Chinese calligrapher and conceptual artist Xu Bing.
- The company notes that this is an evolution of Bing’s book, Book from the Ground, into the metaverse.
- This has it pulling from his work for character NFTs.
- The goal here is to create a new meta-language for the metaverse based on these characters.
- Basically, think of it as an advanced form of emoji or hieroglyphics tied to the blockchain.
- Lion Group will be selling the first phase of Metawords during an auction on Monday.
- This will include 30 characters of Metawords.
- It will also be selling blind boxes to customers at this same time.
- Lion Group is also promising revenue sharing for creators and owners of new Metawords on its platform.
- That includes any time another person chooses to use those characters in their own work.
Today’s metaverse and NFT news has LGHL stock seeing heavy trading. As of this writing, more than 800,000 shares of the stock have changed hands. That’s above its daily average trading volume of about 536,000 shares.
LGHL stock is down 8.3% as of Friday morning!
Investors looking for more crypto and stock news will want to stick around!
We’ve got all the latest news on both fronts that traders need to know about today! Among that is what’s happening with bank stocks, Dogecoin (CCC:DOGE-USD) taking off, as well as the latest XRP (CCC:XRP-USD) news. You can find all of that at the links below!
More Stock & Crypto News for Friday
- Bank Stocks: What’s Going on With JPM, WFC, BLK and C Today?
- DOGE Crypto News: Dogecoin Prices Surge on Tesla Merch Catalyst
- XRP Crypto News: The Latest Lawsuit Victory XRP Fans Should Watch
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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