FBC Holding Inc (OTCMKTS:FBCD) Stock Surges After Launching Exclusive NFT Project

The FBC Holding Inc (OTCMKTS:FBCD) stock was one of the biggest movers on Thursday as it ended up with gains of as much as 50% following a significant announcement.

Trading Data

On Thursday, FBCD stock surged 50% to $0.0003 with 2.19 million shares, compared to its average volume 48.19 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trade at $0.0003.

FBC Holding, Inc. (FBCD) Launches Exclusive NFT Project

The company announced yesterday that it had finally been successful in launching its NFT (non-fungible token) Project through its fully owned subsidiary company Formrunner Apparel Inc. The announcement came as a source of considerable optimism for investors and the FBC Holding stock soared. In this regard, it should be noted that over the course of the past months, Formrunner has been working hard to get into the NFT and Metaverse spaces.

Yesterday, the company finally succeeded in launching its NFT collection. The Chief Executive Officer and President of the company Lisa Nelson spoke about the latest development as well. She noted that a unit of Thuggy Bunny NFT launched by Formrunner is going to cost 0.2 ETH excluding gas fees. Moreover, only 100 units have been made available and thereby the NFTs are going to be rare in nature. It is now going to be interesting to see if the stock can continue to hold on to its momentum and end the week with further gains.

Key Quote

President & CEO Lisa Nelson states “Each Thuggy Bunny NFT will cost approximately 0.02 Ethereum excluding gas fees and there will only be 100 available ranging in rarity!” Lisa Nelson also states, “By joining our community, people will get access to exclusive merchandise vIRL (Both Physical & Digital), discounts, and a bunch of other surprises in the Sandbox once development of our virtual clothing store is completed!” These NFTs (non-fungible tokens) will be available on the secondary markets for purchase and will have a reveal once all 100 are bought.