Sino-Global Shipping America Ltd. (NASDAQ: SINO) is commanding an impressive climb in stock price today. SINO stock was buoyant at $10.10 as of the writing advancing 17.85%. The soaring Sino-Global stock came after release of the news about the NFT exchange.
What has SINO been aiming for?
Based in the United States since 2001, Sino-Global Shipping is shipping, chartering, and logistics company that also provides related services. However, SINO has begun expanding in the burgeoning cryptocurrency and non-fungible tokens (NFTs) markets as well. In addition to its headquarters in New York, Sino-Global has offices in Hong Kong, Mainland China, Australia, Canada, and Los Angeles.
In collaboration with e-commerce public chain CyberMiles, Sino-Global today announced it would launch a new exchange for NFTs.
With the new NFT exchange, collectors, artists, musicians and investors will have easy access to creating, selling, buying, and trading unique digital content represented by NFTs. By July 2021, the companies anticipate being able to launch their new NFT platform, creating a crucial link between virtual blockchains and the physical worlds.
CyberMiles and Sino-Global will collaborate to develop a truly world-class NFT platform that will rely on the years of technical expertise and the performance of the team at CyberMiles. Besides developing NFT and blockchain, this platform is designed to become a continuous optimization program, along with creating a symbiotic and self-expanding relationship.
NFT as one of the most important and important basic application technologies has enabled the digitalization of social information to be turned into a marketable product. The investment by Sino-Global in the growing cryptocurrency market parallels SINO’s diversification efforts that have led to its recent investment in the new NFT vehicle.