10 NFT Stocks You Need to Know for 2022
NFT stocks are becoming popular as an affordable means of entry into the Web3 world Ideally, while many prefer to buy NFTs, blue-chip assets such as Bored Apps and Cryptopunks cost tens of thousands of dollars. The next best thing? Invest in Web3 stock.
In this guide, we’ll tell you everything you need to know about NFT stocks—what are they? How do you buy NFT stocks? We will also explore the best NFT stocks currently available So, let’s dive right in!
What are NFT stocks?
Simply put, NFT stocks are publicly traded shares Web 3 Company or companies with a strong presence in the NFT space In other words, any company using NFT/Web3 technology can issue NFT stocks. This can be anything from technology companies to NFT marketplaces, Web3 startups and entertainment companies, among others.
Moreover, NFT stocks act like shares of other companies listed on public stock exchanges. Obviously, stock trading has been around much longer than NFTs. This makes it easy for newcomers to enter the huge NFT market and gain significant market exposure.
How to buy NFT stocks?
Like regular stocks, you can buy NFT stocks directly from stock exchanges like Nasdaq and the New York Stock Exchange. Alternatively, if you are new to trading, retail trading apps like Robinhood are a great starting point. They are easy to use and make investing more accessible
Although NFT stocks are not based on the blockchain, their value usually depends on the NFT market. As a volatile asset, you need to be incredibly careful when making investment decisions. Always remember the golden rule – do your own research!
Best Web3 Stocks to Know in 2022
Now that we’ve covered the basics, let’s take a look at the popular Web3 stocks you should know
1. Coinbase
One of the world’s leading crypto exchanges, Coinbase launched its NFT marketplace this year. Although its first public day was a disaster, the platform dropped some notable collections, including Bill Murray’s Biographical NFT Collection. Additionally, Coinbase is cementing its Web3 presence through several partnerships. Take for example the recent collaboration with Ethereum Enumeration Service (ENS) To develop unique cb.id username.
2. Draft Kings
Founded in 2012, DraftKings is a fantasy sports and sports betting company that went public in 2019. The company has been steadily releasing curated NFT collections from celebrities through its NFT Marketplace. Some of its most popular collections include the Interactive UFC NFT and Autograph to Preseason Access Collection. What’s more, it entered recently I am happy today As its brand ambassador.
3. Nike
Sports giant Nike continues to expand its Web3 presence and was one of the first global brands to hop on the NFT bandwagon. One of its biggest moves was the acquisition of digital sneaker maker, RTKFT Studios in December 2021. Since then, the sneaker and apparel brand has released an AR hoodie and even a real-life preview of it. Cryptokick sneakers. NFT As an iconic brand with a focus on fashion, Nike stocks are worth keeping an eye on this year
4. Meta
Meta (formerly Facebook), made its big metaverse move last year by rebranding itself and announcing its ambitious metaverse plans. However, that was just the beginning—its NFT integration was on Facebook and Instagram It went live in August this year. The move aims to benefit artists and creators on the platform by giving them a way to share and promote their work. Also, Instagram’s NFT integration has already expanded to 100 countries. All things considered, it’s safe to assume that Meta is set on growing its Web3 footprint.
5. eBay
A big move, the auction giant eBay has acquired NFT marketplace KnownOrigin In June this year. Soon, it integrated the marketplace into its website. In other words, investors can now buy NFTs on eBay. Of course, as a platform that auctions collectibles, incorporating NFTs is a natural next step for the firm. For now, eBay only sells NFTs from a curated list of creators. It probably won’t be long until the platform expands its offerings.
6. GameStop
Gaming retailer, Gamestop, is another major company that has launched its NFT marketplace. Earlier this year, it also launched a beta wallet. Moreover, immediately after launch, GameStop Marketplace sales surpassed Coinbase! Further, it recently partnered with crypto exchange platform FTX to offer real-life FTX gift cards at select GameStop stores. Its meme stock history aside, the gaming retailer is clearly doubling down on its NFT strategy.
7. NVIDIA
All praise to NVIDIA CEO, Jensen Huang Metaverse. According to him, “we’re right here” in the metaverse, which we could one day use to “simulate the future”. Meanwhile, NVIDIA has partnerships with four NFT marketplaces: TurboSquid, CGTrader, Sketchfab and Twinbru. Additionally, NVIDIA’s B2B Omniverse software is perfect for 3D simulation and virtual collaboration—important aspects of the Metaverse. In fact, last year, the company used a VR version of NVIDIA’s Office to test virtual work.
8. Funko
Based in the United States, Funko is world-renowned for its pop culture-themed collections. Last year, the company entered the NFT sector with the launch of the digital Funko Pop collection. Interestingly, NFT holders also get a chance to redeem a free, physical version of their digital collectible. Meanwhile, Funko has dropped its NFTs Strong warrior, Avatar Legend, Bob Ross And Star Trek, to name a few. Most recently, it launched a collection featuring game of thrones Character.
9. Dolphin Entertainment
Dolphin Entertainment is a content development company providing marketing, promotion and content development services. It has a number of subsidiaries including 42West, Viewpoint Creative, The Door and Shore Fire Media. Within the Web3 space, it recently launched an NFT division called Dolphin Digital Studio to help brands launch NFT. In addition, the firm has partnered with FTX.US to create an NFT marketplace focused on sports and entertainment. What’s more, it recently dropped Creature Chronicles: Exile Aliens and Olympic Winter Sports Champion NFTs. It seems certain that NFTs are going to be Dolphin’s long-term plan, making it a good option for stock traders.
10. Shopify
Global e-commerce platform, Shopify has a range of NFT offerings. First, it allowed its merchants to sell NFTs on their Shopify stores early last year. In February 2022, it launched a NFT app In partnership with GigLabs to simplify NFT integration. Earlier this year, Shopify hosted a Doodle NFT Gifts! Its more recent plans include “token gated stores” – stores where users will need an NFT to enter Basically, these stores give customers access to exclusive merchandise or events Also, Shopify’s NFT stock price is much lower this year than in 2021.
Should you invest in NFT stocks?
As profitable as they can be, investing in NFT stocks comes with various risks. First, you need to do your due diligence before making any investment. At the same time, it is noticeable how You do your research. Since you’re investing in Web3 stocks, it’s not enough to just see how well a company is performing. You must have adequate knowledge about their NFT strategies. For this, it is essential Learn all about NFTs and how they work.
Second, you need to consider how much the stock price is tied to the NFT. Generally, some stocks are more closely aligned with NFTs than others. Naturally, the more they rely on NFTs, the higher the risk—especially in the recent market crash.
Finally, make sure you understand the market and the associated risks well. These are simple measures you can take to avoid any rookie mistakes.
All investment/financial opinions published by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any type of investment.
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