$TKAT stock price was trading around $6 a month ago and we’ve seen the price almost double since then. Rig. They haven’t started selling NFT’s yet but provide the platform for artists to promote and sell artwork directly to buyers. This is big for the NFT space, as there are not a lot of publicly listed NFT stocks.
If you want some perspective on the art market, and how it might relate to NFT and TKAT then you should check out this short documentary
Essentially if TKAT release a statement that they are getting into NFT’s this will run. It has already gained based on investors if they will get into the NFT space, so it may be a case of buy the rumour and sell the news.
Based in Hong Kong, Takung Art Co.’s online trading platform provides a secure and easy way for art collectors and investors to acquire shared ownership in Asian and other fine art – including paintings, calligraphies, jewelry and precious gems - and participate in the booming Asian art market without fear of price manipulation and forgery.
Takung Online is a new e-commerce platform that enables artists to promote and sell entire pieces of artwork directly to buyers. The platform allows consumers to easily set up accounts, browse, and receive information on recommended artworks, most of which cost less than $15,000.
Overall a risky investment but a decent play for a swing trade or scalp. Let me know your thoughts.