ZK International Group Co. Ltd. (ZKIN) stock prices surged by 14.74% early on in the trading day on August 26th, 2021. This brought the price per share up to USD$4.48 early on in the trading day.
ZKIN Stock’s Partnership with Maxim
August 26th 2021 saw the company form a wholly owned subsidiary, xSigma Collectibles, and having entered into a partnership agreement with Maxim. The collaboration will facilitate the launch of MaximNFT.com, which will be an exclusive non-fungible token Marketplace of the iconic men’s lifestyle brand. As per the agreement, xSigma’s world-class developers and NFT designers will operate the NFT platform. The platform will be endorsed and promoted by Maxim.com across its digital, social, and publishing assets. Furthermore, maximNFT will be the exclusive seller of Maxim.com’s own NFTs.
About MaximNFT
MaximNFT seeks to provide the best customer experience and innovative NFT solutions. This will allow customers to create and sell NFTs on carious blockchains. These blockchains include, but not limited, to Ethereum, Binance Smart Chain, and Polkadot. Some of the collectibles will come with unique real-world experiences for owners of the NFTs. Additionally, the MaximNFT Marketplace will offer an innovative NFT tokenization feature. This feature will allow for customers to trade fractions of any NFTs in the market.
About Maxim
Maxim is a lifestyle brand that has consolidated itself as an industry leader over the past 25 years. Maxim.com and its social platforms report engaging more than 10 million men on a monthly basis. xSigma is confident in the partnering company’s team’s ability to add significant value to the new NFT marketplace. This will be via the opening of doors to models, athletes, artists, musicians, and others that drive the culture and are looking to connect with the Maxim audience through collectible NFTs.
Expansion of ZKIN Stock’s Market
MaximNFT will be focusing on sports and celebrities’ collectibles in conjunction with gaming content. The company is forecasting the continued rise of gaming and the utilization of NFT technology for in-game purchases and collectibles. Further consolidating the strength of its release, MaximNFT will be combining NFTs with emerging AR and VR technologies.
Future Outlook for ZKIN Stock
The company reported a strong quarter, consolidated by its recent partnership with Maxim. ZKIN stock is poised to capitalize on the opportunities afforded to it. Current and potential investors are hopeful that management will be able to leverage the resources at its disposal. This is hoped to facilitate significant and sustained increases in shareholder.
