What Are NFT Stocks? And Where And How Can You Buy Them?

FxBrokerReviews.org – With the rising popularity of the NFT marketplace, you all must be aware that it is a digital asset based on blockchain technology, similar to cryptocurrency. The non-fungible token is a unique piece that cannot be exchanged or manipulated in any way. NFTs can be in the form of an image, painting, video, GIF, tweet, audio recording, tweet, or more. 

But then what are NFT stocks? Companies that allow you to invest in NFTs either by releasing NFTs themselves or betting on them are known as NFT stocks. The stocks can be issued by NFT marketplaces, metaverse companies, entertainment industries, and more. 

If you are looking to learn more about NFT stocks and how to buy them, this guide will provide you with a detailed understanding of the marketplace and list some of the best NFT stocks to buy today.

What is NFT stocks? 

NFT stocks are quite similar to the normal stocks of any other company listed on a public stock exchange. In the traditional stock markets companies that have gone public, issue their stocks by listing them on a stock exchange market. Similarly, NFT stocks are issued by companies or investment funds that directly or indirectly invest in NFTs crypto, also they are traded on the NFT marketplace. 

An investor can invest in NFT stocks through NFT art, games,  music, and more. Investors buy the NFT stocks and give the company the funds to invest in other things and get a return in profit in the form of dividends. 

The companies that issue NFT stocks are regulated by the Commodities Trading Commission or Securities Exchange Commission (U.S.) whenever they want to go public. These bodies make sure that the companies safeguard the funds of the investors and prevent them from getting into investment scams by unlisted companies.

Best NFT stocks to buy in 2022

Now that you understand the meaning of NFT stocks let us take a look at some of the best NFT stocks you can invest in.

1. eBay

Market cap: $32.24 billion

eBay, is a commerce company that connects traders globally to buy and sell all types of commodities. The company trades on the NASDAQ exchange and has a market cap of over $30 billion. Recently, the commerce company has allowed the trading of NFTs. 

It allows investors to trade NFTs based on cards, images, videos, artwork, and other things. Trading NFTs through eBay is possible either by a fixed price or an auction listing. Moreover, traders can even buy and sell goods and services using cryptocurrencies.

The company also announced it was expanding to allow blockchain-based digital collectibles on the platform.  NFT sellers have to pay a commission of 5% of the total sale amount for using eBay to sell NFTs.

2. Tamadoge 

Market cap: $54 million.

Next on the list of top NFT stocks to buy in 2022 is Tamadoge. The project involves P2E gaming that has plans to integrate into the metaverse. It offers in-game earning opportunities to all investors. The token of the NFT is TAMA and you can buy NFT through an ERC-20 token which is a tax-free purchase.

Once you own a pet you can involve them in battle in the Tamadoge battling arena with other players and earn some Dogepoints. These pets grow by buying NFTs to feed them. The growth of the pet shows the player’s ranking on the leaderboard.

If you are looking for an NFT crypto that is both rare and reliable then Tamadoge is a suitable choice for you. The price of TAMA today is $0.04788 and has a market cap of $54 million.

3. Dolphin Entertainment

Market cap: $33.86 million 

Dolphin Entertainment is a media company that provides marketing, publicity, and content development services through its subsidiaries like 42West, The Door, and Shore Fire Media. The company also offers its services in social media marketing and influencer marketing. 

The company has partnered with FTX, a crypto exchange to get into the world of crypto and NFT projects. The company along with FTX has launched an NFT marketplace for major sports and entertainment brands. Moreover, it also has plans to partner with the Hall of Fame Resort and Entertainment for NFT projects.

4. Funko 

Market cap: $1 Billion 

Funko – NASDAQ: FNKO is a toy maker market, which has an exceptional track record in growing its top and bottom-line results. Funko launched its NFT called Digital Pop! last year and has partnered with leading NFT marketplace Droppp. Additionally, it has also acquired an NFT platform called TokenWave, which is among the leading NFT marketplaces. Furthermore, Funko has purchased a collectibles business Mondo. These investments have majorly contributed to the growth of the company and the popularity of its NFT marketplace. 

5. Nike 

Market cap: $140.12 billion

Nike is one of the top legacy brands to step foot in the NFT marketplace. Last year the brand acquired  RTKFT Studios — an organization that enables users to create unique digital sneakers and, artifacts. And now it is also planning to expand its reach in the metaverse. 

In addition,  RTFKT Studios is quite popular for its virtual sneaker collections. Elon Musk was one of the big names who bought a pair for over $90,000. Nike’s brand loyalty coils play a huge role in its NFT price and make it one of the best NFT stocks to buy this year. 

DraftKings [DKNG]

Draft king is a fantasy sports and betting company that has recently entered the NFT marketplace. The company has launched its NFT marketplace, which focuses on sports and athlete-related digital art and media. While NFTs may not replace traditional trading cards, NFTs have a place alongside them. The platform allows Investors and traders to buy exclusive pieces of digital art of popular athletes and sports people. The marketplace of DraftKing is quite reliable and has an easy process of buying and selling NFT stocks. It provides a piece of detailed information about the asset and makes sure that each investor knows what they are getting hence, reducing the chances of frauds or fakes.

Where to buy NFT stocks?

According to forex broker reviews, these are some of the best marketplaces if you are looking for platforms to buy NFT stocks. Take a look below :

1. OpenSea

OpenSea is our top recommendation to buy NFT crypto and NFT stocks. It is the largest NFT marketplace in terms of the trading volume. The platform enables all investors to easily mint and sell NFTs by offering various tools and features. Opensea supports more than 150 cryptocurrencies to trade NFTs and is built on the Ethereum blockchain. The marketplace also supports other blockchains like polygon and Klatyn. It allows users to buy, sell and mint NFT stocks in various categories like music, Art, Digital collectibles, Domain names, Sports, Photography, Trading Cards, and Virtual Worlds.

2. E-toro 

E-toro is undoubtedly the best platform to trade NFT stock. The platform supports almost all the top NFTs listed in the NFT stock chart to buy in 2022. trades can invest in NFT stocks without paying any commission and are only required to risk $10 per NFT stock.

It allows investors to explore various markets, including the UK, Canada, France, Hong Kong, Germany, Amsterdam, and more.  Furthermore, the platform has expanded its services to metaverse stocks and also allows to invest in cryptocurrency tokens like Bitcoin, Ethereum, Dogecoin, and more. 

Payment methods include Visa, MasterCard, bank transfer, and e-wallets like  Paypal, Neteller, and WebMoney. The eToro platform also has a user-friendly mobile app that is available on both iOS and Android.  eToro is heavily regulated by the FCA, ASIC, and CySEC.

How to buy NFT stocks?

Read the detailed step-by-step procedure on how to buy NFT stocks 

Step 1: Choose a platform and register with it.

As mentioned above, trading NFT stocks is quite similar to trading the traditional stocks. Find a reliable and suitable platform and sign in with your details and password. Once you complete the document verification process you can proceed to buy your NFT stocks. 

Step 2: plan your investment goals

Once you have completed the registration process, the platform will ask you to fill out a questionnaire about your profession, income, type of investment you want to make, and plans for the same. Make sure you decided prior whether you want a short-term or long-term investment as it helps to find the type of NFT project you can invest in. 

Step 3: Deposit funds 

Having an investment plan, furthermore makes it easy to make a budget and deposit funds for trading NFT stocks. You need funds in order to be able to buy or even sell the NFT stocks. The minimum deposit amount on some platforms is fixed, while most of them start from 0. You can choose from various payment methods to deposit funds, like e-wallets, bank transfers, VISA, and more. Simply click on “Deposit Funds”, select the amount and currency and your funds will be added to your wallet. 

Step 4: Choose an NFT stock to invest in 

The next step is to choose the type of stock you wish to invest in. Make sure you research well and choose the one which suits your requirement the best. To look up for the stocks, use the search bar at the top of the website and type in the NFT stock you’re looking to purchase. Click on the Trade button to open the order window, or press on the stock icon to open its dedicated page where all of the related data is present. 

Step 5: Make your investment

Finally, once you are satisfied with the NFT price and type you can proceed to make the investment. Click on the trade button on your platform and enter the amount you wish to buy (either in your base currency or in units). To make sure you do not suffer from losses you can employ a stop loss or even use leverage if you have insufficient funds. 

Should I invest in NFT stocks?

Even though buying NFT stocks is not the same as buying an NFT, you are still trading with the asset involved with it. So if you are considering to buy NFT stocks, there are several things to keep in mind.

Investing in NFT stocks depends on you, but you need to keep in mind that you should not invest in a business that you do not know. If you are a beginner and new to the NFT marketplace, we would recommend you to research well before you plan on investing. As a new investor, you can stick to trading and minting NFTs through marketplaces like Opensea and Binance. However, experienced investors can consider trading in NFT stocks. 

You can check out the list above to find some of the best NFT stocks to buy in 2022 October. 

Final Thoughts ‍

There are several established and listed companies that belong to a variety of sectors in the industry. Industries from spaces have since entered the NFT space. Simply, buying an NFT stock means buying shares of a publicly traded company that entered the NFT marketplace. 

NFT stocks provide a way for investors to bet on NFTs without needing any insider knowledge to get started.

As we mentioned earlier in the guide, two of the top NFT stocks of the year are Tamadoge and e-bay. Several big brands like NIKE are also involved in trading NFT stocks. 

FAQ’s 

Q1. What are NFT stocks? 

Ans: NFT stocks, are issued by companies that enable you to invest in the non-fungible token industry without actually buying them, through traditional stocks. 

Q2. Can I invest in NFT stocks?

Ans: yes, if you find a company that suits your trading requirements you can easily buy NFT stocks. 

Q3. Where to buy NFT stocks?

Ans: there are several marketplaces and platforms that allow buying and selling NFT stocks, commission free. 

Q4. What are some popular NFT stocks?

Ans:  Popular NFT stocks, include the likes of eBay, Nike, McDonald’s, DraftKings, and Hasbro.

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