The week did not get off to a great start for Nano Mobile Healthcare (OTCMKTS:VNTH) shareholders as the stock tanked by as much as 8% amidst a selloff.
However, it is also necessary to keep in mind that despite the fall on Monday, the Nano Mobile stock is still up by as much as 25% over the course of the past week. The company, which is involved in crypto, gaming and NFTs (non-fungible tokens), made a key announcement yesterday with regards to the launch of NFTsByGamers.com. It was a significant announcement from the company considering the fact that NFTsByGamers.com is going to be an NFT exchange platform for gamers and by gamers.
In recent months, NFTs have grown into a highly lucrative business for many companies and this move from Nano Mobile could eventually prove to be a positive one for the company. However, it should be noted at the same time that the market did not react kindly to the announcement and it remains to be seen if the stock can make a rebound in the coming days. The company is looking to cash in on the opportunity for NFTs in the gaming market and its CEO David Kittle stated that Nano Mobile was pleased at the launch of the platform.
