Creatd Shares Rise 42% on Sale of Donald Trump Photos
By Chris Wack
Creatd Inc. shares were up 42% to $5.81 Monday after the company
said its OG Gallery division was releasing new non-fungible token
The company said the NFT offering is a series of three
photographs of former President Donald Trump.
Volume for the stock was 22.1 million shares at 10:20 a.m. ET,
compared with a 65-day average volume of 3.3 million shares. The
stock hit its 52-week low of $2.10 on Oct. 12, and 52-week high of
$9.80 on Friday. The company has 14 million shares outstanding.
Creatd said the photographs were first unearthed by Creatd
founder and co-Chief Executive Officer Jeremy Frommer within a
collection acquired from creditors of Bob Guccione, the CEO of
Creatd said the asking price for the Trump photo NFT is 240
ethereum, or about $990,000 at current ethereum rates. The buyer
will also receive the original high-resolution JPG of the
photograph, plus a large scale 1/1 print of the photograph in a
gilded frame, all authenticated by the OG Collection curation team,
the company said.
Write to Chris Wack at firstname.lastname@example.org
(END) Dow Jones Newswires
October 25, 2021 10:37 ET (14:37 GMT)
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