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Seeking Alpha 2021-05-03 20:19:41

Topps trading card SPAC Mudrick Capital Acquisition II gains on NFT hype

SPAC Mudrick Capital Acquisition II (MUDS) ,which is taking Topps trading card company public, rose 9.3%and has now gained 36% over the past week at least partly on enthusiasm on non-fungible tokens or NFTs.eBAY (EBAY) CEO Jamie Iannone earlier today said that the company is looking at NFTs and how they can used on eBay."Collectibles is a core category and trading cards is a key part of that," Iannone said in a CNBC interview. "We've already done a $1B in GMV in the first quarter and that's more than we did in half of all of last year's record setting levels. So we actually think collectibles will continue to be an important focus for us."MUDS received a lot of attention on social media today with comments on on Twitter and other places.Last month, MUDS gained after Topps began selling NFT baseball cards. MUDS has risen 78% since the day before the SPAC deal with

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