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Why Shares of Takung Art Are Surging Today

Why Shares of Takung Art Are Surging Today

Shares of the online platform Takung Art (NYSEMKT: TKAT) traded more than 31% higher as of 11:10 a.m. EDT this morning for no apparent reason. Shares of Takung continue to swing wildly as investors speculate whether the company will jump into the nonfungible token (NFT) space. NFTs are digital files such as art, videos, and audio stored on blockchain, which is the digital ledger technology that powers cryptocurrencies.