More people want to be a part of the NFT sphere as it grows in popularity in early 2022. However, some people may be put off by some aspects of the new industry. Not to mention the significant initial investment required for the best-performing NFTs. It can also be difficult to access the place as a novice. This is where investing in NFT stocks on the stock exchange comes into play.
Many folks are on the fence when it comes to NFTs right now. They are aware of the growing interest in the space but are cautious to purchase one. If this describes you, you might wish to explore for interesting prospects in NFTs on the traditional stock market. Fortunately, you’ve arrived at the ideal location.
Why should you think about NFT stocks instead of, or in addition to, NFTs?
Let’s start by defining the term “NFT stocks.” These are publicly traded equities in the market for companies that are involved in NFTS in a relevant way for the purposes of this article.
The term “NFT stocks” may appear to be an oxymoron. After all, NFTs and the Web3 environment in which they exist are all about disruption. They depict individuals having fun in a sandbox outside of the establishment. Those who, with the help of new technologies, are creating a road into the unknown. The stock market, on the other hand, is far from that.
While this is true, many people still treat and discuss NFTs in the same way they do equities. There is, in fact, a common language connecting the two. And, in truth, there are many people who are interested in and have invested in both.
Of fact, the stock market differs from other markets in ways that may be significant to individuals. The stock market, for example, is significantly more established. For those who care about decentralisation and other Web3 cornerstones, this could be the biggest turn-off. In reality, it provides a superior level of protection to the majority of non-crypto natives.
By the same token, it may appeal to individuals who are wary about the lack of regulatory certainty surrounding NFTs and crypto.
Volatility is another important consideration. The stock market, to be sure, can be extremely turbulent. However, today’s NFT and crypto markets are a very different storey.
With that said, let’s take a look at some of the main corporations that are investing in NFTs.
Note: The opinions expressed about the firms listed here are solely educational and do not constitute financial advice. Before making any investments, it’s critical to complete your homework.
NFT Stocks for Marketplace Companies
Coinbase (Stock: COIN)
When Coinbase revealed that it will start its own NFT marketplace, it shocked the NFT community. It’s become a badge of honour for the NFT projects it picked to trade on its platform when it first launched.
When Coinbase went public last April, it had already attracted Web3 believers as the largest crypto exchange in the United States. It’s an even more intriguing company to monitor now that Coinbase NFT is coming up soon.
Because of its entrance into NFTs, the video game shop has already experienced some market movement. To explain, last week’s price of the de facto mascot stock of retail investors increased by more than 30%. GameStop’s announcement that it, too, would be creating an NFT marketplace contributed to the spike.
Dolphin Entertainment (DLPN)
Dolphin is a management and entertainment firm with large NFT goals. To give you an idea, the corporation has a whole division devoted to NFTs. Not only that, but it also released “Creature Chronicles: Exiled Aliens,” a generative NFT collection.
The fact that the company teamed with the large cryptocurrency exchange FTX to build an NFT marketplace is the most crucial aspect. NFTs from sports and entertainment brands are the focus of the platform.
eBay was one of the few companies to endure and grow after the late-’90s internet boom and bust. As a result, many NFT platforms today will aspire to follow eBay’s lead. Today, the company is using NFTs to innovate.
eBay began permitting the sale of NFTs on its platform in May 2021. It could be a key player as NFTs become more mainstream, thanks to its extensive history and well-known brand.
NFT Stocks for NFT-Heavy Brands
There is no need to introduce the social media behemoth. At the same time, the fluctuation of its stock prices cannot be attributed primarily to NFTs. In any case, the connection between Twitter and NFTs is obvious.
For one thing, the NFT community’s principal social media platform is Twitter. In addition, the company has been working on a feature to verify NFTs. It will undoubtedly raise the profile of NFTs on the platform once it is launched.
Funko is one of the most well-known collectibles brands. As a result, it’s no surprise that it was an early adopter of NFTs. To that purpose, the business made a number of NFT collections available on the WAX blockchain.
The NFTs depict characters from popular pop culture franchises, just like the IRL Funko models. Furthermore, last year, the corporation acquired a majority share in TokenWave. To clarify, TokenWave is a company that makes an app for tracking NFT holdings.
Another prominent player in the NFT field is Mattel, a toy maker. Its bets include a Hot Wheels collection and a collaboration with VeeFriends, a blue-chip NFT.
The debut of Mattel’s Barbie brand into NFTs, as part of a cooperation with premium fashion house Balmain, is the company’s most recent release.
Stocks in the NFT Industry are Expected to Grow Alongside NFTs
Last year, the NFT market boomed, with sales breaking all prior records. Throughout 2022, the industry will probably certainly continue to attract attention. Big business, without a question, is taking notice and investing in the space.
In reality, NASDAQ, the world’s largest stock exchange, has published a series of articles forecasting significant development in the NFT field.
This article is just for educational purposes.
Make your own exploration before making any form of investment, as always.
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