Wizard Brands Inc [OTCQB: WIZD] stock was roaring at the close of the previous trading session as share prices surmounted 127.00% to $4.750. Contrary to the 30-day average volume of 8.57K, the Wizard Brands stock recorded Volume of 121.58K. The last 52-week period saw the WIZD stock range between $0.1741 and $11.000. The boom came following a letter by one of its subsidiary regarding its non-fungible tokens (NFTs) plans.
What was the news that caused surge?
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Wizard Brands, Inc. optimizes performance and profits as it acquires, structures, and operates companies under Wizard Brands, Inc. It owns and operates divisions like Wizard World Virtual, Wizard World Vault, Wizard World Live, and Jevo.
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Wizard World Virtual aspires to build global communities that are interactive and reliable through global proprietary content and branded events by sourcing, producing, marketing, and streaming exclusive events & Signature Series. Among the memorabilia on Wizard, World Vault are some of the most popular items from the Wizard World Live and Wizard World Virtual events, as well as items from reputed art collections worldwide.
In North America, Wizard World Live produces comic and video game conventions, as well as pop culture conventions celebrating the best in pop culture. One of Jevo’s missions is to expand its applications and move toward a distributor-based model. Wizard Brands anticipates expanding Jevo’s applications and changing to a distributor-based model shortly.
In a press release yesterday, Wizard Brands’ division of Wizard World shared that through its recent launch of the interactive Signature Series, Wizard World connects fans’ past with their present with a collection of exclusive NFTs incorporating historical video footage and memorabilia items.
NFTs are unique non-fungible tokens derived from WIZD’s Wizard World convention videos, interviews, and other memorabilia spanning 25 years. Wizard World has progressed into a technology company through the launch of its NFTs.
How it will benefit WIZD?
This initiative will allow affinity groups to build online communities of their own by presenting, marketing, and stream exclusive events and Signature Series. Through Wizard World Vault and NFTs, unique content from the past and present can also be monetized and this bodes well for Wizard Brands (WIZD).