NFT News: Top Pick WKEY - HOFV, DLPN, TKAT, JFIN, ZKIN, OCG, KBSF, ABXXF

Our top NFT pick WKEY pulled back 30% after doubling on Wednesday on more great news on the digital security and NFT front. It announced the introduction of WISe.Art, a digital certificate of authenticity — a “non-fungible token” (NFT) — that lives forever on the blockchain, unchanged and unchallengeable, as proof of buyer’s ownership. This is the company's fifth NR in eight days, and second one it released during market hours, killing shorts. Traders should be aware of the likelihood of great news releases during market hours, usually around 1pm Eastern. The stock could see buying pressure tomorrow and every day going forward during lunch hour in expectation of another big release. Today's pullback makes for a great loading up opportunity in our opinion. WKEY's market cap is $271 million, far less than TKAT's $445 million market cap even though WKEY clearly has the better and more important news in the NFT space and is based in Switzerland, an important financial hub and more trusted jurisdiction than China. TKAT's market cap topped out at over $800 million on this run. WKEY could do the same.

In addition to TKAT rising today, OCG also rose while JFIN and ZKIN dropped. But the leader in Chinese NFT or NFT-rumored stocks was KBSF, rising 31%.  KBSF has recently combined with a company that owns Luxventure, a social media platform offering cross border merchandise through online and off-line channels and luxury tourism experiences to its members. So it's a good candidate for NFT speculation. It also has only 1.6 million share float. This is four times smaller than TKAT's 6 million float, so it can really move on any rumor. DLPN and HOFV had a quiet Thursday, the day after announcing a partnership.

ABXXF, Abaxx Technologies, is a blockchain technology platform in Canada setting up a commodities exchange powered by Ethereum that could be an NFT play. Like WKEY, it's also developing remote document signing services. ABXXF was up again today. CEO Josh Crumb recently tweeted about his contribution to NFT back in 2017/18 with a colleague and hinted at plans in the future for Abaxx. 















Disclosure: We own shares in WKEY, ABXXF, KBSF

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