Shares of Sino-Global Shipping America (NASDAQ:SINO) soared over 30% in NASDAQ premarket trading today after the company announced it will launch a new exchange for NFTs (non-fungible tokens) in collaboration with e-commerce public chain CyberMiles.
According to the company, the new NFT exchange will serve as a highly-secure, robust platform for collectors, artists, musicians and investors to create, sell and buy one of a kind, digital content represented as NFTs. The companies expect to officially launch their new NFT platform in July 2021, providing a critical link between the virtual blockchain world and the physical world.
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