NFT sales exceeded $2 billion earlier this year, which spread trust that the bubble was about to burst. And after that, sales increased. And growth isn’t going to slow down anytime soon. However, NFT markets can be difficult to navigate. It is difficult to know a reasonable price. Though, you do not have to be an art enthusiast to benefit from NFTs. You are not required to invest in legitimate NFTs. That is why these NFT stocks exist.
Now let us start from the beginning. NFTs include a wide range of digital assets. Beetle’s digital collage, which sold for $69 million at a Christie’s auction, is one of the most well-known. They could, however, be snippets, music, collectibles, or even video games. The fact that the NFT data is saved on a digital ledger is vital here. And that ledger confirms that the questioned NFT exists.
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What Are NFT Stocks?
NFT stocks, also known as NFT-related stocks, work just like other stocks held by businesses that are traded on a public stock exchange. When a company goes public, it issues shares by listing them on a stock exchange like the New York Exchange. That we refer to them as NFT stocks because they are issued by businesses or investment funds with NFT investments, either directly or indirectly.
NFT companies, NFT games, NFT art, NFT music, NFT collectibles, NFT marketplaces, and NFT technologies or services can all be invested in by means of a fund, such as an exchange-traded fund (ETF), that issues these stocks on a public stock exchange.
When a company wants to go public, the Commodities Trading Commission or Securities Exchange Commission (if in the United States) typically conducts the usual stringent checks. These checks ensure that the businesses will protect investor funds to a greater extent than unlisted businesses.
As a result, investors in these stocks are legally guaranteed a dividend payout. In a nutshell, investors purchase stock and provide the company with funds to invest in other areas of interest.
Which are the best NFT stocks to buy?
Are you considering which NFT stocks to purchase? By comparing the best NFT stocks to invest in, this article will assist you in making your choice:
The market for non-fungible tokens (NFTs), which are digital assets of value based on blockchain technology, is expected to reach over 41 billion in 2021 due to their current widespread popularity. When compared to data from 2020, the market’s value increased by more than 20,000 percent.
Companies that make use of NFT technologies, entertainment companies, metaverse companies, NFT marketplaces, collectible companies, businesses that make money from NFTs, or funds that track NFT indexes can all issue NFT stocks.
This article lists the most popular NFT stocks or stocks that invest in NFTs, despite the difficulty of finding companies that only issue NFT stocks.
Cloudflare (NET)
Cloudflare is an infrastructure play in NFTs. It is a cloud services provider that secures and improves internet performance. Cloudflare Stream, a product of the firm, enables video creators to link their information to NFTs, with the company claiming that it allows “creators to incorporate their NFT claim to ownership into their video on Cloudflare Stream.” The concept is to restrict access to a video to those who have earned it.
Cloudflare is one of the best NFT stocks, finding ways to make NFTs a valuable digital asset. Beyond just trying to sell JPEGs, there are numerous possible uses for NFTs, so if businesses began writing contracts with NFTs or tying tangible asset ownership to NFTs, this could be a massive market. Videos could be the key to unlocking so many assets and NFT frameworks.
Cloudflare is an excellent form of investment in the growing infrastructure needs of NFTs. Given the company’s history of cloud-edge innovation, this could be a real winner in the long run.
Website: https://www.cloudflare.com/
Funko Inc. (NASDAQ: FNKO)
Funko Inc. company was founded in 2017. You’ve probably heard of Funko through pop culture collectibles. Amidst its youth, it already has proven to be agile in the face of economic volatility. It aims at building on that victory with its new product. The company’s sales increased by more than 140% in the second quarter. And the company is hoping to keep things on track.
On top of that, it has brought in the most revenue per share so far. Sales increased in the second quarter compared to the previous year. It’s higher than last year’s level, indicating broad-based momentum across our products, networks, and geographies.
Token Wave is a firm that monitors NFT holdings. Funko recently announced the acquisition of a controlling interest. In addition, Funko Digital Pop NFTs are introduced as part of the company’s product line. Each bundle only costs $9.99. They are now available for purchase on the WAX platform, a decentralized entertainment network. Even before Funko entered the NFT zone, the stock was in high demand. However, the addition of this new revenue source elevates it to the status of one of the most promising NFT stocks available right now.
Website: https://www.funko.com/
DraftKings (NASDAQ: DKNG)
DraftKings has introduced an NFT marketplace, mainly for NFTs involving athletes. Making the transition to NFTs could be an organic fit for the company, which has become a big star in sports betting. It’s one of the best NFT stocks to buy.
Sports cards had also long been a popular way to obtain sports-related collectibles, and DraftKings appears to perceive NFTs in the same light. Existing NFT drops resemble sports cards, but with a little more distinctiveness and ease of trading. If young collectors start buying NFTs instead of cards, this might be a good decision for DraftKings, which sells NFTs from sportsmen like Tom Brady, Wayne Gretzky, and others.
DraftKings’ program will operate on Ethereum Layer 2, a leveling solution to manage the enhanced transition load on the Ethereum network, and the company wants its NFTs to be transferable to external e-wallets by the end of the year. DraftKings could be a market winner if sports NFTs take off.
Website: https://www.draftkings.com/
eBay Inc. (NASDAQ: EBAY)
eBay, one of the first internet marketplaces, is also dabbling in NFTs. The company lets the sale of certain NFTs on its typical online platform, but this may only be the beginning if it expands to include cryptocurrencies and other virtual currencies.
eBay’s approach to NFTs differs from that of some of its competitors. Rather than relying on a cryptocurrency, which is used in the majority of NFT transactions on OpenSea, the company is still focusing on dollar sales for the time being. Acknowledging traditional currency may make an eBay NFT more available to people than a cryptocurrency-focused NFT platform.
A legacy company like eBay might not have been the best place to start selling disruptive NFTs. But as the cryptocurrency market continues to experience wild volatility, there may be a necessity for some kind of stabilizing force. eBay could be an organic buyer, as well as a highly liquid one, especially if the crypto and NFT markets experience a major panic.
Website: https://www.ebayinc.com/
Dolphin Entertainment (NASDAQ: DLPN)
Through its subsidiaries like 42West, The Door, and Shore Fire Media, Dolphin Entertainment provides services for marketing, publicity, and content creation. The company is interested in crypto and NFT projects in addition to digital services like influencer marketing and social media marketing.
Regarding cryptocurrency, it has collaborated with FTX, one of the largest cryptocurrency exchanges based in the United States. An NFT marketplace for major entertainment and sports brands has been established by the two. For NFT projects, Dolphin also works with Hall of Fame Resort and Entertainment.
Website: https://www.dolphinentertainment.com/
Defiance NFT ETF (NFTZ)
In 2021, New York-based Defiance launched the first NFT-focused exchange-traded fund. Investors can gain exposure to cryptocurrencies, blockchains, and non-fungible tokens through the ETF. It invests in cryptocurrencies, blockchain, NFT issuers like Coinbase and Playboy, and NFT marketplaces.
One of the company’s ETFs is this one. The first 5G ETF, the QTUM quantum computing ETF, the SPAK spac ETF, the HYDRO hydrogen ETF, the PSY psychedelics ETF, the CRUZ ETF, and the BIGY big data ETF are some of the others.
The BITA NFT and Blockchain Select Index is the NFT-based exchange-traded fund that tracks the performance of portfolios of businesses that have exposure to NFTs, blockchain, and cryptocurrency.
These areas receive 25% of the fund’s total assets. It is passive, rebalanced quarterly, and non-diversified, which means it can invest more assets in single-issuer securities or fewer issuers than in a diversified fund.
In the year 2021, the ETF had a net asset of $11.50 million. It has 38 stocks in its portfolio, most of which are traded on the NYSE, and an expense ratio of 0.65%.
Website: https://www.defianceetfs.com/nftz/
PLBY Group Inc. (NASDAQ: PLBY)
Playboy is a lifestyle brand that is owned by PLBY Group. The brand has a collection of NFTs, including the PlayBoy Rabbitars, which were just released, and the Liquid Summer NFT, which will be available in 2021. The Ethereum blockchain serves as the foundation for Rabbitars, a collection of 11,953 individual NFT rabbits.
Each Rabbitar is made from more than 175 traits, such as far, ears, facial expressions, clothing, accessories, and other traits.
The business deals in apparel and lifestyle content and consumer products. Gaming, art, music, playtime activities, and grooming and beauty products are among its offerings for sexual wellness. The group’s most well-known consumer brand is Playboy.
Website: https://www.plbygroup.com/
Takung Art (NYSE AMERICAN: TKAT)
Investors and art collectors who are interested in sharing ownership of Asian and other fine art can trade on Takung Art’s online trading platform. Calligraphy, jewelry, paintings, precious stones, and other forms of art belong to this category. This art can be bought and sold by investors and collectors without worrying about price fixing or counterfeiting.
Takung Art, which has been flourishing amid the NFT boom, will launch an NFT marketplace this quarter. As a result, NFTs will be traded on the platform and listed. Additionally, the company will offer companies involved in the release of NFTs consulting services based on the blockchain. As a result, the stock has significant exposure to NFTs.
Website: https://www.nftoeo.com/
CurrencyWorks (OTCMKTS: CWRK)
CurrencyWorks is a company that helps other businesses develop and implement blockchain technologies into their operations. Zer00, the company’s platform, invests in crypto mining in addition to the full-service blockchain.
The CurrencyWorks NFT platform for feature films is also operated by the company. Famous artists’ film NFTs, rare collections, and behind-the-scenes footage are available on the platform. Additionally, there is a Motoclub NFT that sells exclusive automobile collectibles. These rare or well-known automobiles are featured in these collectible NFT packs.
Website: https://metaworksplatforms.io/
ZK International (NASDAQ: ZKIN)
ZK International is a Chinese engineering firm that constructs and invests in cutting-edge, cutting-edge technologies. Xsigma Corporation’s wholly-owned subsidiary works on blockchain-based smart contracts, distributed ledgers, supply chain management, and other efficiencies. Nearly 2,000 projects are currently managed by it.
MaximNFT, its subsidiary, is its NFT project. They sponsor NFT events to bring together NFT fans, developers, influencers, and leaders. MaximNFT is a marketplace for NFT tokens and collectibles. NFTs can be created, discovered, purchased, and sold on the market.
Website: https://www.zkinternationalgroup.com/
Coinbase (NASDAQ:COIN)
Coinbase doesn’t need to know anything about the cryptocurrency industry. By trading volumes, it ranks among the largest cryptocurrency marketplaces. Both crypto-to-crypto and fiat-to-crypto transactions are supported. This is true for both commercial and institutional goods.
NFTs can be created, collected, discovered, showcased, and traded through Coinbase’s marketplace. The market is currently being tested in the United States, with the intention of expanding later to other nations. At the moment, individuals from other nations are able to join waiting lists.
Website: https://www.coinbase.com/home
Shopify Inc. (SHOP)
Shopify is a global e-commerce platform for listing, selling, and purchasing online goods and services. Additionally, it aids businesses in establishing online sales and purchasing channels. They can then use the platform to advertise products on social media and pay for goods and services using traditional payment methods.
Order management, data tracking for buying and selling, shipping, and payment tracking are also available to businesses.
Anyone can now mint, list, buy, and sell NFTs on Shopify. The NFTs that customers purchase can be claimed and added directly to their wallets. Trader payments for NFTs can be made with credit cards, cryptocurrencies, and other cryptocurrencies through the platform’s NFT marketplace.
Website: https://www.shopify.com/
Conclusion
When blockchain was first introduced, it was a game-changer, but now NFTs have the same potential. They are also getting popular. Collectors’ interest in these coins has increased as of the beginning of 2021. And this interest shows no signs of abating anytime soon. As a result, shareholders support the NFT stocks, which are available.
