Here in this post, we are going to tell you the top 7 NFT Stocks to watch & buy now before it’s too late.
Shocking Fact: The market of NFT is projected to increase by whooping 231 Billion USD by 2030.
Do you want to learn about NFTs but don’t know where to start? There is an assumption that NFTs are overpriced or that they lack utility. This could explain why some people are hesitant to make investments in NFTs. If this is the case for you, you should consider investing in NFT stocks.
Let’s first know what NFT is, and then we further move to NFT stocks.
What Is the Meaning of NFT?
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NFT is a shortened form for non-fungible tokens. These digital assets can represent almost any type of ownership, including:
- Art, whether digital or physical
- Music
- Tweets
- Real estate
- Videos
- Video game avatars
NFTs were first introduced in 2014 when the shift toward cryptocurrency made it possible to invest in digital assets. They’re becoming a more popular investment option nowadays.
What is an NFT Stock?
In a nutshell, NFT stocks are regular stocks of companies involved in the NFT market. Simply put, buying NFT stock means buying shares of a publicly traded company that has gone deep into web3 development services.
However, unlike traditional digital assets such as Bitcoin or Ethereum, each NFT is unique. As a result, content creators can now represent the value of a product or brand in digital format.
Take A Closer Look At Those 7 NFT Stocks (2023 List)
Here in this section, we are going to tell you the top 5 NFT stocks that you can buy now.
1. Dolphin Entertainment (DLPN)
Number one on our list of best NFT stocks is Dolphin Entertainment (DLPN). The market capitalization of this company is about 26.56 million USD. However, the year range of this company is $2.34 – $9.77, and the average volume is nearly 24.30K.
This development company specializes in entertainment marketing and premium content. In terms of crypto, it has partnered with FTX, one of the largest US-based cryptocurrency exchanges. They’ve created an NFT marketplace for major sports and entertainment brands. Dolphin also works on NFT projects with Hall of Fame Resort and Entertainment.
2. Cloudflare (NET)
At number two, we have Cloudflare (NET). The market capitalization of this company is nearly about 15.38 billion USD. However, the year range of this company is pretty high, which is around $37.37 – $205.79, and the average volume is nearly 5.93M.
Cloudflare is a popular technology stock that is involved in securely delivering content via the cloud. It has one of the largest networks in the industry and can provide lightning-fast execution speeds.
On the other hand, In its current state, the Cloudflare platform does not allow you to create NFTs directly. As a result, you’d still need to rely on a third party, such as OpenSea.
3. eBay (EBAY)
Number three on our list of best NFT stocks is eBay (EBAY). The market capitalization of this company is about 24.54 billion USD. However, the year range of this company is $35.92 – $73.60, and the average volume is nearly 6.23M.
eBay is a global online marketplace where users can buy and sell items without leaving their homes. The company was founded in 1995 and became a publicly traded company three years later.
However, since May 2021, customers have been able to buy and sell NFTs on the eBay website.
4. DraftKings (DKNG)
At number four, we have DraftKings (DKNG). The market capitalization of this company is nearly about 15.38 billion USD. However, the year range of this company is average, which is around $9.77 – $36.57, and the average volume is pretty huge, which is 23.01M.
DraftKings is a fantasy sports contest and betting company based in the United States. Its platforms allow users to participate in daily and weekly fantasy sports contests and win money based on their performance.
On the other hand, the headquarter of this company is in Boston, Massachusetts, United States. The company operates a marketplace where it sells exclusive NFTs and promotes Celebrity NFT drops. The marketplace was created in partnership with Autograph. NFTs from athletes such as Tiger Woods, Wayne Gretzky, Tonny Hawk, Naomi Osaka, Derek Jeter, and Tom Brady is available in the marketplace.
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5. McDonald’s (MCD)
At number five, we have McDonald’s (MCD). The market capitalization of this company is nearly about 200.15 billion USD. On the other hand, the year range of this company is pretty high, which is around $217.68 – $281.67, and the average volume is nearly 3.38M USD.
McDonald’s isn’t the first company that comes to mind when someone mentions “NFT stock.” Still, the fast-food chain company already has one foot in the metaverse.
However, the company is planning to provide a “virtual restaurant featuring actual and virtual goods.”
6. Nvidia (NASDAQ: NVDA)
At number six, we have Nvidia (NVDA). The market capitalization of this company is nearly about 635.41 billion USD. On the other hand, the year range of this company is around $108.13 – $289.46, and the average volume is nearly 51.31M USD.
Nvidia Corporation (NVDA) is an American multinational technology company that specializes in designing and manufacturing graphics processing units (GPUs), system-on-a-chip units (SoCs) and other specialized computing hardware. The company was founded in the year of 1993. On the other hand, the headquarter of this company is in Santa Clara, California.
Nvidia’s GPUs are used for various applications, including gaming, professional visualization, data center management, and artificial intelligence. The company’s products are used in various industries, including automotive, aerospace, healthcare, and finance.
Nvidia is known for its high-performance graphics cards, which are popular among gamers and computer enthusiasts. The company’s GPUs are also widely used in the machine learning and artificial intelligence fields, where they are used to accelerate complex computations.
7. Shopify (NYSE: SHOP)
At number seven, we have Shopify (SHOP). The market capitalization of this company is nearly about 56.25 billion USD. On the other hand, the year range of this company is around $23.63 – $78.00, and the average volume is nearly 20.08M USD.
Shopify (NYSE: SHOP) is a Canadian e-commerce company that provides a platform for businesses to create and manage online stores. On the other hand, the company was founded in the year of 2006. The headquarter of this company is in Ottawa, Canada. Shopify’s platform enables businesses to sell their products and services through online marketplaces, social media platforms, and in-person point-of-sale systems.
Shopify’s platform includes website hosting, payment processing, inventory management, shipping, and order tracking features. The company also offers a range of tools for marketing and analytics to help businesses optimize their online sales.
Conclusion
This is the end of this post, which is about NFT stocks. However, in this post, we mentioned the top 7 NFT stocks which you can buy now or consider buying in 2023.
On the other hand, many established companies from various industries have entered the NFT space. And by investing in such companies, you can gain some exposure to NFT Stocks.
Note: It is crucial for you to do proper research before buying any NFT stocks which are mentioned above.
FAQs
Q1. Why Invest in NFTs?
The NFT market was valued at nearly $18 billion in 2021, a stunning 21,350% year-on-year increase. However, the value has yet to reach its peak. According to the experts at Statanalytica, the NFT market will be worth $35 billion in 2022 and more than $80 billion in 2025.
Q2. Are NFT stocks a good investment?
The market is expected to serve as a gateway to the metaverse, which is expected to become a trillion-dollar industry. As a result, there are many things to like about NFT stocks. As a result, making them a good long-term bet. Here are the three best NFT Stocks: Dolphin Entertainment (DLPN), Cloudflare (NET), and eBay (EBAY).
