A company with ties to the Pro Football Hall of Fame in Canton, Ohio, benefited from not only one apparent investment bubble, but from two. Now the air is leaking fast.
SPAC Mudrick Acquisition II gains after Topps began selling NFT baseball cards
SPAC Mudrick Acuisition II (NASDAQ:MUDS), which is in a deal to take Topps public, climbed 6% a day after the company began selling baseball card non-fungible tokens or NFTs through the WAX blockchain.
Playboy is up 143% since going public via SPAC this year as the adult lifestyle brand lures investors with pivot to NFTs
Playboy’s stock has been on a tear as investors cheer the adult entertainment company’s reinvention and foray into non-fungible tokens.
NFTs, Bitcoin, SPACs, Sneakers: Too Many Crazes to Count
The use of special purpose acquisition companies to take startups public has hit astronomical levels. Of the 302 IPOs so far this year, 80% are SPACs.