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Only time will determine who is right in this contentious debate. But what can’t be argued is that many companies are looking to start building businesses in this part of the digital economy. One example is Coinbase (NASDAQ:COIN) which is launching its own NFT marketplace.
While COIN is a well-known and widely followed stock, I want to talk about another company that is also looking to utilize NFTs to augment its existing business – ScienJoy Holdings (SJ). SJ is a Chinese-based company that provides a mobile, live streaming platform for artists to connect with their fans. The company is launching a feature that would allow artists to monetize their songs or artwork by minting and selling NFTs.
