FxBrokerReviews.org – NFTs are non-fungible digital assets based on a blockchain and portray other real-world or virtual value investments, such as real estate, entertainment, or collectibles.
NFT stocks or NFT-related stocks operate similarly to regular stocks for any other listed company on a stock exchange. Businesses that have gone public do so by enumerating their shares on a stock market like the New York Stock Exchange. Except they are referred to as NFT stocks because they are issued by corporations or investment funds directly or indirectly involved in NFTs.
Is NFT Worth To Invest?
According to experts, NFTs are still being prepared for primetime investing, and there are several facets of crypto you’ll want to be very comfortable with before investing in an NFT.
Buying an NFT is a complex process, according to Doug Boneparth, a financial advisor and leader of Bone Fide Wealth in New York. To get initiated, you’ll need an Ethereum-compatible crypto wallet and some ether, as well as the ability to connect your wallet to an NFT marketplace — many hurdles to jump through. NFTs are also vulnerable to cryptocurrency hacks and scams, which are becoming more common and sophisticated. A Google search for “NFT scams” demonstrates how easy it is to get into trouble.
Is NFT Considered Stock?
An NFT (non-fungible token) is digital money representing a physical object rather than a stock. Most NFTs are currently depictions of art, in-game items, music, and videos. NFT transactions are recorded on the blockchain, enabling you to prove possession and prevent others from copying them.
What Are The Best NFT Stocks To Buy?
For traders to invest in, companies such as Coinbase, eBay, OpenSea, and others have their fingers in the NFT space. This includes those who run marketplaces, sell NFT collections, and do other things. Consider investing in NFT stocks to test the waters. This article will examine the top ten NFT stocks to buy and hold in 2022.
Coinbase is one of the world’s most popular cryptocurrency trading and investing platforms. They’ve made buying, selling, and exchanging different cryptocurrencies simple. In existence, Coinbase has made purchasing cryptocurrency as simple, if not more straightforward, as buying a stock. Coinbase hopped on the NFT bandwagon after riding a wave throughout 2021 by constructing an actual NFT marketplace. This is how people all over the world can buy and trade NFTs.
OpenSea controls 97% of the NFT market. According to OpenSea revenue data, it produced a whopping US$76 million in August 2021 alone. Given that the NFT market is already worth more than US$1 billion, OpenSea, which has a market capitalization of US$1.5 billion, has much potential. It is one of the top NFT stocks to invest in 2022.
Nike is another major NFT player to keep an eye on. They have long been the world leader in high-value sneakers, and other apparel people enjoy collecting. Nike has now received a patent that allows them to create NFTs from many of its iconic shoes and designs. These digital assets will be for sale in their store, which is being built across multiple metaverses. It is one of the top NFT stocks to invest in 2022.
Can You Buy NFT Stocks
NFTs are purchased and sold through a dedicated NFT marketplace, similar to Amazon or Etsy, but for digital assets. These marketplaces, identical to the exchange system for buying and selling cryptos and stocks, could be used to buy an NFT at a fixed price or as a simulated auction. Prices for NFTs listed for sale are thus volatile, fluctuating in value according to demand. The higher the price, the higher the pressure.
NFT Stocks List
If you believe NFTs have investment potential but need more time to be ready to buy individual tokens, invest in NFT stocks. While you cannot purchase shares of NFTs, you can buy stock in a company that is involved in the creation, trade, or technology of NFTs. Here are the top ten NFT stocks to invest in right now.
- Dolphin Entertainment (DLPN)
- eBay (EBAY)
- Cloudflare (NET)
- McDonald’s (MCD)
- DraftKings (DKNG)
- Nvidia (NVDA)
- Funko (FNKO)
- Shopify (SHOP)
- Takung Art (TKAT)
- Jiayin Group (JFIN)
Also read: Learn How To Buy NFT Tokens And Make Money on The Marketplace
With the positive trajectory, it’s safe to say that NFTs aren’t going away anytime soon, and investing in established companies like McDonald’s and eBay is a relatively safe way to gain exposure to them. On the other hand, more speculative stocks may take off at some point — or prove worthless in the long term.