#5 - Hall of Fame Resort & Entertainment (NASDAQ:HOFV)
Another penny stock on this list of NFT-related stocks is Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV). I’ve written about this company for MarketBeat on a couple of different occasions. As its name suggests, the company is building many of its facilities near the Pro Football Hall of Fame.
The two organizations are separate entities, but they do share a common vision. That’s why I’ve referred to it as a picks and shovel play on the National Football League (NFL). And that’s what gets the company into the NFT discussion.
In 2021, HOFV entered into a partnership with Dolphin Entertainment. The companies are collaborating on Playbook – an NFT collectible series that will highlight significant moments in the careers of six well-known athletes.
In addition to asset creation, Hall of Fame Resort & Entertainment is involved in media and gaming including sports betting. The long-term plan is that this company will begin to generate revenue from every vertical which will propel this small-cap stock higher.
About Hall of Fame Resort & Entertainment
Hall of Fame Resort & Entertainment Co is a resort and entertainment company, which leverages the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. The company was founded in 2015 and is headquartered in Canton, OH.
- Current Price
- $1.17
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
