By Chris Wack

ATIF Holdings Limited shares were up 6% to $3.56 Tuesday after the company said internal tests shows that its non-fungible token art auction platform has been performing smoothly and has entered the alpha testing phase to evaluate the quality of the software and readiness for beta testing.

The company said its alpha tests are performed by developers in a virtual lab environment to ensure reliability, security, functionality, and usability. Quality assurance will be the top priority to ensure future customer satisfaction when beta testing occurs.

ATIF said the NFT platform, once launched, will provide an efficient and secure auction and trading marketplace for digital art assets, ensuring the scarcity and originality of NFT works. There will be a series of digital products on the marketplace, including but not limited to digital artworks, collectibles, digital signatures of celebrities and personal creations, it said.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

01-04-22 1009ET