Medigus Ltd. (MDGS) stock prices were up by 3.55% as of the market closing on October 12th 2021. This brought the price per share up to USD$1.46 at the end of the trading day. Subsequent premarket fluctuations have seen the stock rise by 2.05%, bringing it up to USD$1.49.
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MDGS Stock’s Foray into NFTs
October 13th 2021 saw MDGS stock announced its foray into the non-fungible token marketspace. The company will invest in Safee, which is an NFT technology company. This investment will leverage Safee’s social network, which allows creators and collectors to easily create, own, engage, control, and trade digital goods. The partnering company’s mission is to increase the scope of NFTs to mass market buyers and creators, digital artists, illustrators, photographers, musicians, regular consumer digital content creators and more. The company will invest USD$400,000 in Safee, after which it will own a roughly 2.5% share in the company.
Scope of NFTs
With more and more everyday users turning to digital media production, creation, and art, the origin of digital creations is more convoluted as the basic ownership model of the physical world does not translate into the digital world. Historically, digital asset management has required a special crypto wallet application. Safee has created a simple, engaging, and disruptive way to apply ownership to any personal digital media using NFT technology. This facilitates a simplification of the process and fosters accessibility for a wider audience. This development will help enable regular users and digital creators alike in establishing originality, foster engagement and exchanges, and monetize their creations in the digital world. The NFT revolution is one of ownership, monetization, and the proliferation of digital rights to a wider general audience rather than a specialized one.
About MDGS Stock
MDGS stock is a technology company that is based in Israel. It focuses primarily on innovative growth partnerships, with a focal point in advanced medical solutions, digital commerce, and electric vehicle markets. The company’s affiliations in the medical solutions market include ownership in ScoutCam Inc. and Polyzion Ltd. Affiliations in the digital commerce space include Gix Internet Ltd., Jeff’s Brands Ltd., and Eventer Tech Ltd.
Future Outlook for MDGS Stock
The company is keen to establish and expand its market footprint in the burgeoning NFT marketspace. With crypto and blockchain technology making immense strides in today’s economy, MDGS stock is poised to capitalize on the extensive scope of opportunities at its disposal. Current and potential investors are hopeful that management will be able to effectively leverage the resources at their disposal. This is hoped to translate into consistent and organic increases in shareholder value over the long term.