Why DraftKings Is Soaring This Week

Shares of DraftKings (NASDAQ: DKNG) were up 12.4% for the week heading into Friday, helped along by the sportsbook announcing it would be introducing a marketplace for nonfungible tokens, or NFTs, the trendy new digital asset that uses blockchain technology to certify authenticity and prevent duplication of digital items.

The marketplace will also give collectors a place to buy and sell other digital sports-related memorabilia.

Image source: Getty Images.

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Source Fool.com