Shares of KYN Capital Group (OTCMKTS:KYNC) ended with marginal loss of Thursday after announcing a key update.
On Thursday, KYNC stock lost 3.90% at $ 0.0074 with more than 53.93 million shares, compared to its average volume of 65.45 million shares. The stock has moved within a range of $0.0072 – 0.0079 after opening the trade at $0.0079.
Holding company for entertainment, acquisitions, blockchain, cryptocurrency, NFT, and touchless payments, KYN Capital Group (OTCMKTS:KYNC) on November 18, 2021, announced partnering with PXLBRD and Terence Crawford, world champion, 37-0 Professional Boxer as well as several successful ventures.
The exclusive NFT collection will be launched on November 19, 2021. And these commemorate the WBO Welterweight Champion title defense against Shawn Porter the next night in Las Vegas.
Las Vegas is prepared for the bout. Terence is the first athlete looking to sell an NFT and is engaging KYN Capital Group for advertising, publicity, and marketing of the entire collection. The collection includes five unique NFTs which would be released on November 19th.
Every collection is unique and every holder of NFT will be becoming an executive member of the boxer’s exclusive club. This will entitle a person to ticket access, future Esports Boxing Club perks, merchandise opportunities as well as invitations to private VIP events with Terence.
KYN Capital Group CEO Rick Wilson said that the company is looking forward on working with PXLBRD in the new market.
A part of the proceeds from the NFT collection will facilitate funding an innovative new project in Omaha, Nebraska. This will help inner-city youth gain equitable access to technology as well as aid in programs focusing on career development opportunities in esports.
“We are excited about what NFTs mean to the crypto eco system and how they fit into our Koinfold™ strategy. We are looking forward to working with PXLBRD in this exciting market,” announced KYN Capital Group CEO Rick Wilson.
KYNC stock is trading below the 20-Day and 50-Day Moving averages of $0.0098 and $0.0133 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0106. The stock is down 50% in the past month.