Tuesday was a great day for investors of Valiant Eagle Inc (OTCMKTS:PSRU) as the stock emerged as one of the biggest gainers and ended the day with staggering gains of as much as 244%.
In this sort of a situation, it might be imperative for investors to take a look at the trigger that brought about the rally. The stock soared after the company announced that it inked a letter of intent with Cinevision Global by way of which Valiant Eagle’s NFT (non-fungible token) marketplace is going to be allowed on the former’s platform.
That is a major development for the company since the Cinevision platform is the biggest one that Valiant Eagle has managed to sign up for to date. In addition to that, NFTs have become a highly lucrative space for a number of companies and the tie up with a large pplatform seems to have excited investors in a big way.
The Valiant Eagle marketplace named Fungy is going to allow Cinevision to sell film and television catalogue that runs to over more than 2000 titles at this point in time. It remains to be seen if the Valiant Eagle stock continues to rally today or not.
