[Featured Stock] Krafton Rises 4% on Expectations for NFT Business 추진기대감

[Asia Economy Reporter Minji Lee] Krafton is rising more than 4% following news that it has secured partnerships related to non-fungible tokens (NFTs).

As of 2:30 PM on the 7th, Krafton is trading at 301,000 KRW, up 4.33% from the previous trading day.

On the same day, Krafton announced that it acquired 33,591 shares of Seoul Auction Blue for 2.99994 billion KRW and 10,872 shares of XbyBlue for 4.99977 billion KRW to secure NFT-related partnerships. Seoul Auction Blue is a subsidiary of Seoul Auction, an art auction company. XbyBlue is a digital art platform operated by Seoul Auction Blue, providing limited edition digital content of NFT artworks.

After the acquisition, Krafton's shareholding ratio in Seoul Auction Blue and XbyBlue stands at 5.88% and 11.11%, respectively.