What Are NFT Stocks
NFT stocks or NFT-related stocks function like normal stocks for any other company listed on a public stock exchange. Companies that have gone public, issue them by listing their shares on a stock exchange like New York Exchange. Except that we call them NFT stocks because they are issued by companies or investment funds that are directly or indirectly invested in NFTs.
A fund, for instance, an ETF that issues these stocks on a public stock exchange, can, in turn, be invested in NFT companies, NFT games, NFT art, NFT music, NFT collectibles, NFT marketplaces, and NFT technologies or services.
The company issuing these NFT-related stocks usually undergoes normal rigorous checks by the Commodities Trading Commission or Securities Exchange Commission (if in the U.S.) whenever they want to go public. These checks guarantee that the companies will safeguard investor funds to a more acceptable extent than unlisted companies.
Thus, investors investing in these stocks are legally guaranteed a return in profit as dividends. In short, investors buy stocks and give the company the funds to invest in other things it cares about.
Market Trends
NFT sales currently stand at over $60 million per month. The market is projected to reach $7.63 billion by 2028. Over $25 billion of sales were dealt in the last 12 months, although this is way too low compared to other research that shows $40 billion.
Currently, there is no exclusive stock that invests directly in NFTs and the so-called NFT stocks or NFT-related stocks deal in mixed businesses.
Best NFT Stocks You Should Buy
Are you thinking about the best NFT Stocks You Should Buy? This tutorial will help you select by comparing the top NFT stocks to invest in:
NFTs, which are digital assets of value based on blockchain technology, are so popular nowadays that the market surged to over 41 billion in 2021. The market recorded an over 20,000% in value growth compared to 2020 data.
NFT stocks can be issued by companies leveraging NFT technologies, entertainment companies, metaverse companies, NFT marketplaces, collectible companies, those earning income from NFTs, or those funds tracking NFT indexes.
Although it is hard to get companies issuing exclusively NFT stocks, this tutorial lists the top NFT stocks or stocks that invest in NFTs.
#1) Dolphin Entertainment (NASDAQ: DLPN)
#2) Defiance NFT ETF (NFTZ)
#3) PLBY Group Inc. (NASDAQ: PLBY)
#4) eBay Inc. (NASDAQ: EBAY)
#5) Cloudflare (NET)
#6) Funko Inc (NASDAQ: FNKO)
#7) Takung Art (NYSE AMERICAN:TKAT)
#8) CurrencyWorks (OTCMKTS: CWRK)
#9) ZK International (NASDAQ:ZKIN)
#10) Oriental Culture Holdings (NASDAQ:OCG)
#11) DraftKings (NASDAQ:DKNG)
#12) Liquid Media (NASDAQ: YVR)
#13) Coinbase (NASDAQ:COIN)
#14) Jiayin (NASDAQ:JFIN)
#15) Shopify Inc. (SHOP)
Expert Advice:
Do your research to determine the value of NFT stocks. The risk exposure depends on what the company deals in, as well as the value of the top NFT stocks, technologies, NFT art, collectibles, marketplaces, collectibles, etc they invest in.
All the top NFT stocks in this list provide NFT exposure but also deal with other assets like investing in blockchain companies, crypto companies, DeFi, etc.
NFT art and celebrity NFTs are the most popular or top NFTs to buy, but the most volatile. Also consider NFTs that represent real-world assets, gaming assets, music and media, event tickets, gaming, virtual fashion, and Big Sports Moments.
What are the NFTs
NFTs are non-fungible digital assets of value based on a blockchain and represent other real-world or virtual assets of value, like real estate, entertainment purposes, or collectibles.
Each NFT carries its peculiar digital signature and thus cannot be exchanged for one other unit. However, that lone unit can be stored in a digital crypto wallet, sent or received in one, exchanged on a peer-to-peer basis, or traded on an NFT marketplace.
Why should You Invest in NFTs
The latest accelerated boom or expected future boom in non-fungible tokens and their prices should be the number one reason for individual or company investors interested in the space. The latest boom has caused stocks of companies dealing in NFTs to spike. It is the reason many more NFT companies are going public and issuing stocks.
Some people and companies who already know what is NFT in stocks may have other reasons for investing in them, like diversifying investments.
A company can also invest in NFTs because it is interested in developing these technologies or serving other companies with them. It can do so through traditional procedures like registering as a startup in the field, through acquisitions, mergers, or amalgamation.
**NFT SIMTOKENART (STAR)**
*SIMTOKENART NFT Project created in December 2021
*SIMTOKENART (STAR) is part of the Opensea platform that produces digital artwork in the form of non-fungible tokens and made it famous all over the world.
*Come join us to collaborate and develop our NFT project🤝*
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