NFTs experienced quite a stir in 2021. In 2022, this trend continued despite the bear market in cryptocurrencies. NFTs sometimes achieve very high purchase prices. NFT exchanges are constantly growing. But who is indirectly benefiting from NFT hype? These NFT stocks are capitalizing on the hype surrounding digital artwork.
In this article, you will learn about NFT stocks, which indirectly benefit from the hype surrounding NFT and the long-term price increase. Learn more about the companies that will be positively affected by the massive rise in NFTs.
What are NFTs?
NFT is a non-replaceable token. These codes are not replaceable. This means that NFTs are not repeatable and each has a unique digital signature. This signature is provided by the blockchain. Most of the NFTs are based on the popular blockchain, Ethereum.
However, NFTs can come at a very high price for their exclusivity. Especially in the art market, NFTs have become increasingly popular in recent months and years. NFTs of cartoon characters are traded at very high prices in digital auctions.
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What are NFT stocks?
When we talk about NFT stocks, we’re talking about stocks in companies that benefit from the hype surrounding NFTs and the growth of ecosystems. Because NFTs themselves cannot present their own posts as digital artwork. So we are talking about stocks whose prices are directly dependent on the success of the NFTs.
Several of the companies listed below have been instrumental in bringing NFTs into the mainstream for years. Other companies are indirectly benefiting from the hype and rising cryptocurrency prices.
How much has NFT sales increased in recent months?
If we want to see the volume of NFTs that has exploded in the past few months, we have to look at 2020 and 2021 sales by comparison. In 2021, approximately $25 billion in revenue was generated from trading NFTs.
In 2020, sales of NFTs are only about $100 million. This means that sales of non-fungible tokens have increased 250 times within a year. Also in 2022 there should eventually be a massive increase in sales again.
What are the important examples of NFT stocks?
The following companies are directly or indirectly affected by NFTs and digital token trading:
Coinbase is one of the most important and popular cryptocurrency exchange platforms around the world. You can buy, operate and trade NFTs on the platform.
The online eBay marketplace benefits greatly from the hype surrounding NFTs. More and more NFTs are being distributed on the platform since the hype around tokens hit the mainstream. On the platform, users can participate in auctions of digital artwork.
This is an American sports betting provider. However, you can also purchase several NFTs from the Draftkings Market.
Funko is a manufacturer of toys from the USA. In addition to physical products, the company also offers digital products in the form of NFTs.
Cloudflare offers Content Delivery Network and Internet Security Services as Services. The company also offers the NFT tool. This allows users to associate content with NFTs and secure property rights.
The company markets its entertainment and premium content services in the non-fungible token space. Among other things, Dolphin Entertainment wants to introduce the NFT sports market.
Where can I buy NFT shares?
If you wish to take advantage of one or more of these NFT stocks, You need a platform where you can buy said stocks, in order to take advantage of the noise surrounding NFTs. You can buy NFT shares on the following platforms:
eToro is an online broker where you can take advantage of a wide range of investment opportunities. The social trading platform is one of the largest and most popular brokers for private investors.
With eToro, you can invest in cryptocurrencies such as Bitcoin, Ethereum or Cardano as well as invest in NFT stocks. The platform is fully licensed, easy to use and very safe for new investors.
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You can also buy and trade the mentioned NFT shares on the Capital.com platform. The platform continues to offer trading in CFDs, ETFs, Funds and Stocks.
Another broker where you can trade both NFT stocks and cryptocurrencies like Bitcoin is Skiling. Skiling has no fixed costs for trades and generally offers an adequate fee structure.
What is the alternative to NFT shares?
If you’d rather go straight into the NFT rather than just buy NFT shares, You can also buy your NFT directly It may sell it in the future at a much higher price.
Please take a look at our NFT guide for all the important information about NFTs.
It is easiest to obtain NFTs on specialized NFT exchanges. The largest and most popular NFT exchange is OpenSea. Here you will find hundreds of NFT combinations. This also includes well-known and highly influential NFT groups, such as the Bord Ape Yacht Club.
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