Takung Art is an online art trading company based out of Hong Kong. Nasdaq However, it’s certainly possible and interested traders should keep their eyes open for developments. Takung has created a marketplace for shared ownership in fine art in Asia. SafeMoon Scam Allegations: A Crypto Hustle or a Rocket to Riches? Takung is not in the NFT space yet, but many believe the company could be prime a suspect to jump in because it runs an online platform that allows artists, art … Moreover, it’s potentially quite lucrative for Takung as the company earns multiple revenue streams, including “listing fees, trading commissions, management fees and authorized agent fees.”. In Wednesday’s regular trading, Takung … Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. It’s a novel idea, and Takung Art is an innovator in facilitating this unusual angle on art ownership. Copyright © After a work of art is listed on Takung’s app, the company divides it into “equal ownership units based on its appraised value.” Takung is based in Hong Kong, China, and most of the company’s art traders are located in mainland China. NFT’s are a super-hot commodity, with buzz going around about $1 million being offered for a single tweet-as-an-NFT. With Takung Art stock gaining more than 2,200 percent in the past three months, investors wonder if it will keep rising. Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Takung Art Stock Shows Plenty of Potential on Rising NFT Interest, 11 Bullseye Stock Picks in Today's Hottest Investing Trends >>> READ MORE, Louis Navellier and the InvestorPlace Research Staff, offering collectors units in carefully selected items, are stored on a digital ledger or blockchain, 7 Homebuilding Stocks to Buy That Are Ready for Another Round of Gains, A Small Biotech Stock That Has All The Right Ingredients for a Big 2021 Breakout, Top Stocks 2021: 11 Bullseye Stock Picks for Your Must-Buy List. Takung Art Co., Ltd. (NYSEAMERICAN: TCAT) is similar to OCG in that it’s a Hong Kong company in the art space. There’s no guarantee that Takung Art will get into the NFT business. Yet, that wasn’t even the end of the story, as the bulls kept charging ahead in March. These days it operates an on-line listing and trading service that allows artists, art … Takung Art Co. (TKAT) Investors love Takung Art because of the company’s innovative business model. But their current businesses could put them in a … Creatd OG Gallery News: 12 Things to Know About CRTD Stock and Its New NFT Art Gallery. Takung Art Co Ltd (NYSE: TKAT) is a Hong Kong-based provider of an online trading platform for art collectors and investors to acquire fractional ownership in … quotes delayed at least 15 minutes, all others at least 20 minutes. Its electronic online platform is located at www.takungae.com. NFT Stocks TKAT. Apr. Takung Art is a holding company that was formerly known as Cardigant Medical. In March of 2021, however, the big liftoff moment happened for TKAT stock. Admittedly, Takung Art doesn’t deal in NFT’s at the time of this writing. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Takung Art (NYSE: TKAT) is a Chinese-based online art trading platform that’s mainly remained unnoticed throughout its lifetime on the U.S. stock markets. Today, financial media pundits are discussing art — something they wouldn’t usually do. Copyright © 2021 InvestorPlace Media, LLC. by Shivdeep Dhaliwal. Find the latest Takung Art Co., Ltd. (TKAT) stock quote, history, news and other vital information to help you with your stock trading and investing. Takung Art (TKAT) TKAT stock is another bubbly play on NFTs if you're not worried about a market crash, but with one major distinction. Typically, we might think of a piece of artwork being owned by one person. If that happens, it could send the share price soaring. Shares of online-art trading platform Takung Art Co. Ltd. were out of favor for several years. by Shivdeep Dhaliwal. Takung Art is a holding company that was formerly known as Cardigant Medical. That’s why traders have jumped on potential companies like Takung Art, which could pivot into the NFT business rather easily. In the meantime, even if we don’t all appreciate fine art, at least we can appreciate Takung’s unique approach to facilitating art ownership. NFT Stocks TKAT. TKAT stock has soared on the digital NFT-enabled digital art … On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Published: March 23, 2021 at 10:51 a.m. All rights reserved. As of April 1, TKAT stock had pulled back to $33.50. Article printed from InvestorPlace Media, https://investorplace.com/2021/04/wave-of-interest-in-nfts-makes-tkat-stock-interesting/. Last year, the stock simply couldn’t get off the ground. Investors believe Takung Art will adopt NFT technology to enhance its art trading platform, which could lead to more revenues for the Hong … Shares of Takung skyrocketed 277.7% on Wednesday, the … Dogecoin Price Predictions: Where Will Dogefather Elon Musk Take the Crypto Next? Could TKAT stock be the right asset to add to your portfolio if you want to ride the NFT wave? 1125 N. Charles St, Baltimore, MD 21201. But instead of representing a stake in a crypto coin, an NFT signifies a stake in either something physical like a painting, photo, gem or piece of jewelry or something non-tangible such as a tweet. Of course, they’re interested in making money — and there’s nothing wrong with that. Meanwhile, Takung continues to run up buoyed by NFT hysteria with the company’s shares skyrocketing 664.88% over a seven-day period. Prior to 2021, Takung Art (NYSEAMERICAN:TKAT) mostly flew under the radar in the investing world. This would seem like an ideal platform to begin offering digital art, a large NFT category. Frustratingly, it spent the entirety of 2020 as a penny stock — defined by the U.S. Securities and Exchange Commission (SEC) as a stock that trades under $5 per share. 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. Takung Art is an online art trading company based out of Hong Kong. However, traders are wondering whether Takung might open itself up to selling crypto art as well since its platform is already selling art via an online marketplace. That includes Alchemy’s efforts in the space, companies such as Takung Art (NYSEAMERICAN: TKAT) and Jiayin Group (NASDAQ: JFIN) that investors should keep in mind, and more. Has the mainstream financial media suddenly gained an appreciation for fine art? InvestorPlace - Stock Market News, Stock Advice & Trading Tips. To be honest, not too many people were trading TKAT stock, or art stocks in general. NFTs are digital files such as art, videos, and audio stored on blockchain, which is the digital ledger technology that powers cryptocurrencies. Yet, investors are feverishly searching for stocks to trade in order to capture the NFT trend. License. NFT Stocks Are Soaring As Digital Asset Buzz Grows. By March 15, the share price had reached $8.39, effectively putting the stock above penny-stock territory. One of the first companies to jump aboard the NFT train in a big way was Takung Art.. Takung is seemingly looking to pivot from offering high-end … NFT Stock #1: Takung Art Co., Ltd. (NYSEAMERICAN: TKAT) TKAT stock is up 31.7% today. Takung Art is a small company based in China that operates a platform for trading art. Over the last year, shares of Takung have risen from $1.35 per share to roughly $26.60 per share now. Today, we’ll examine a recent wave of interest in the art world, and how Takung Art fits into the picture. NFT-related stocks have been on fire over the past few weeks as investors seek exposure to the red-hot digital art market. Not Just Takung Art, This Stock Skyrocketed 84% Today As NFT Play. For those unfamiliar, Takung has created a marketplace for shared ownership in … What’s going on here exactly? An innovative business model - and speculation about a move into the non-fungible tokens market - put TKAT stock into the spotlight. March 17, 2021 10:37 pm ... NFT art ranging from sneakers to memes have … NFT Stock #1: Takung Art Co., Ltd. (NYSEAMERICAN: TKAT) TKAT stock is up 31.7% today. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. According to the company, Takung’s business model is to “continually add to its fine art listings by offering collectors units in carefully selected items.”. 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