What happened Shares of DraftKings (NASDAQ: DKNG) climbed sharply higher on Wednesday, surging as much as 6.5% early in the session. As of 12:28 p.m. EDT, the stock was trading up 5.9%. The online betting and fantasy sports company surged on news it had inked a deal with non-fungible token (NFT) platform Autograph to launch a marketplace for digital, collectible content. Image source: Getty Images. So what DraftKings Marketplace will be the exclusive purveyor of officially licensed digital sports collectibles offered by Autograph, which was co-founded by NFL quarterback Tom Brady. DraftKings will also host curated releases of digital sports memorabilia, as well as act as a facilitator for the secondhand market. Sports aficionados will be able to buy, sell, and trade their virtual collectibles using a new or existing DraftKings account. Autograph boasts a laundry list of high-profile professional athletes including Tiger Woods, Wayne Gretzky, Derek Jeter, and Naomi Osaka. Now what NFTs have been all the rage lately, and can represent ownership of any virtual asset, including digital artwork, music, or literature. Ownership of these NTFs is tracked using blockchain, the same technology that underpins cryptocurrency. Each NFT is unique and can have only one owner. One of the most high-profile examples took place earlier this year. Mike Winkelmann, known professionally as digital artist Beeple, sold a digital work of art via Christie's auction house for a whopping $69 million. What constitutes a NFT varies widely, however. Jack Dorsey, the co-founder and CEO of Twitter, sold the digital rights to his first tweet on the platform for roughly $2.9 million. With interest in NFTs surging, DraftKings could attract a host of new users to its platform. 10 stocks we like better than DraftKings Inc.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and DraftKings Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Danny Vena has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Twitter. The Motley Fool has a disclosure policy.Source