The HUMBL Inc (OTCMKTS:HMBL) stock was on the move yesterday after the company announced that it was going to launch its own non-fungible tokens (NFTs) named Gallery.
The news seemed to have been welcomed with optimism by investors and the HUMBL stock jumped by as much as 9.5% following the announcement. The NFTs are going to be made available on the website HUMBLpay.com. Those who develop content will be able to create their own NFTs and consumers will have the option of purchasing those tokens.
Considering the recent popularity of NFTs, it is a significant new step for the company. While it is true that HUMBL is primarily involved in the mobile payments space, it should be noted that the company is also making a concerted effort to get into the blockchain-based tokenization space in a big way. This is one of the first steps taken by the company in that direction.