Home Financial Markets Dolphin Entertainment Inc. (NASDAQ: DLPN) stock has fallen 25% the past month,...

Dolphin Entertainment Inc. (NASDAQ: DLPN) stock has fallen 25% the past month, Why is this happening?

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW), in partnership with Dolphin Entertainment (NASDAQ: DLPN), has announced that Heisman Trophy victor as well as Pro Football Hall of Fame Enshrinee Tim Brown is in the position to release his initial non-fungible tokens (NFTs) in the current month.

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At last check-in after-market trading, shares of Dolphin Entertainment Inc. (DLPN) were unchanged of 0.0% at $9.45.DLPN stock closed last session at $9.45, decreasing -1.05% or -$0.1. Shares of the company fluctuated between $9.41 and $10.09 throughout the day. DLPN shares have dropped by -14.94% in the last five days, while they have lost -25.00% in the last month.

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About NFT

An exclusive NFTas well as a special edition collectible NFT will initiate the series produced by the new partnership between HOFV, Dolphin Entertainment and H2H, the brand which represents the sole ten men in the history of football to be winners of the Heisman Trophy and be stamped into the Pro Football Hall of Fame.

Both NFTsemphasize upon Brown’s magnificent contributions to the sport, as a result, fans will be able to connect with the athlete on a profound level.

The NFT was produced by Dolphin Entertainment’s Digital Studio partnering up with Shane Griffin, a visual artist, and an NFT developer. Recently Griffin has worked on several projects that included Wiz Khalifa, Kanye West, and brands such as Nike, Apple, Adidas and Givenchy. He also won PRINT Magazine’s New Visual Artist and ADC Young Guns award.

Details of the second offering are expected to be announced in the upcoming days and will be the first in a special H2H limited edition series of NFT’s which will be available on a massive scale. “Reference” will be emphasizing upon bring the pivotal moments of their careers, reaching the viewer to experience them through their perspective.

Mike Crawford, CEO of HOFV comments, “We couldn’t be more excited to share our first NFTs with the world, highlighting Tim Brown, one of the best to ever play the game of football.”

The Tim Brown 1-of-1 NFT offering also consists of exclusive “In Real Life” bonuses, a virtual meet-and-greet call from Tim to the auction the winner’s choosing, a customized set of memorabilia, and a couple tickets to the future Pro Football Hall of Fame Enshrinement Ceremony of the winner’s person of choice.

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Conclusion.

Savvy partnerships combined with the entry into the NFT space has served a positive outlook for the company. However, skepticism by the investors has reduced interest with DLPN stock falling substantially the past month.

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