|Color Star Technology to develop NFT; shares rise 40%|
Mar. 30, 2021 6:17 AM ET Color Star Technology Co., Ltd. (CSCW) By: Jignesh Mehta, SA News Editor
Color Star Technology Co. (NASDAQ: CSCW) is developing a non-fungible token (NFT) business for the production, release, and promotion of NFT through its wholly-owned subsidiary, Color China Entertainment.
The Company's NFT business will focus on copyright procurement, concert videos and ticket sales, and music and artist interaction.
The new development of NFT should help create and launch NFTs for all of Color Star's partners, including online museum collections, online concert videos, ticketing, customized celebrity products, producer copyrights.
Shares +40% premarket.