Natraj Arts

These Are the Best NFT Stocks to Buy in 2023

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. As with any creative industry, there have been some problems with “counterfeit” NFTs. It is important to research the reputation of the original NFT seller.

  • According to GAAP, Dolphin Entertainment, Inc. (DLPN) recorded $0.02 in earnings per share for the third quarter, outperforming estimates by $0.01.
  • In December 2022, NFT sales dropped to their lowest level since July 2021, as reported by Bloomberg.
  • Whenever you invest in NFTs or stocks based on them, do your own research and study as much as you can about a company’s future plans and roadmap.

The company has more than 170 million active buyers and over 1 billion listings and is well-positioned to capitalize on the growth of the global e-commerce market. Alongside its marketplace, eBay has recently made strides in ether trader cryptocurrency efforts. These digital collectibles provide exclusive audio commentary from former NFL stars. The company recently started its own NFT marketplace together with FTX.US, simplifying the NFT buying experience.

Popular Guides

Investing in NFTs can be challenging for amateurs as it requires a combination of research, knowledge, and personal preferences. The best NFTs for beginners would be those that are unique, well-executed, and have the potential to grow because the market is highly volatile and subject to rapid changes. You need a cryptocurrency wallet in order to buy, sell or trade NFTs. However, you can invest in many NFT businesses through the stock market.

DraftKings Inc. is a sports betting and fantasy sports company based in Boston, Massachusetts. Coinbase’s NFT platform launch in 2022 should be a catalyst for the stock. Compared with their historic peak in November 2021, Coinbase shares are down more than 40%. The stock price consensus on Wall Street is a strong “buy” and suggests an upside of over 80% for the stock over the next 12 months. To give some context, OpenSea, the largest token marketplace saw sales volumes worth $3.4 billion, in the month of August alone. Dolphin Entertainment is an entertainment marketing and content development firm.

  • Using Ethereum from a Coinbase wallet, buyers can pick up NFTs with the push of a button.
  • The company launched in 2017, has been proactive enough in making itself visible in the last four years.
  • You need a cryptocurrency wallet in order to buy, sell or trade NFTs.
  • Takung Art is a renowned Asian company dealing with online trading platform services and artwork trade.
  • But many other NFT marketplaces may require cryptocurrency to make purchases.
  • Perhaps now is the ideal time to buy in before shares head upward again.

Sometime this year, collectors will be able to trade their NFTs on Mattel’s peer-to-peer platform. The company has allowed customers to buy and sell NFTs on the eBay website since May 2021. And in June of last year, it announced it had acquired KnownOrigin, a leading NFT marketplace, in a deal that could help eBay position itself as a top site for NFT collectors. Regarding NFTs, Funko offers its Funko Digital Pop platform, which is an NFT marketplace for acquiring exclusive and rare NFT collectibles, including NNFT drops. Users can access the latest limited edition NFT collectibles featuring Funko’s signature stylized figures through an account on the platform. Funko is a well-known pop culture consumer products company specializing in creating and selling licensed collectible toys, figurines, and merchandise.

Recession-Proof Royals: 3 Stocks That Thrive in Tough Economic Times

Follow along to find out our picks for the top NFT stocks to watch out for in July 2022. Jhonattan has been writing crypto and stock trading articles on Trading Platforms for 2 years. Before starting his career as a freelance writer, Jhonattan studied at the Universidad La Gran Columbia from which he graduated in 2019. Jhonattan describes himself as a crypto enthusiast and regularly writes price prediction articles for new projects. During his time as a writer, Jhonattan has gained great knowledge about the crypto space and has mastered technical analysis skills that he uses when writing token price predictions.

Can You Invest in NFT in the Stock Market?

Therefore, you don’t have to look far to get one or two marketplaces to start making your trades. Like many other brands and companies, Plby Group launched its NFT marketplace called Rabbitars in 2021. Plby is a lifestyle brand to improve the social life of people in the NFT community.

However, if you want to play it safe, then investing in NFT-related stocks may be a better choice. When it comes to investing in non-fungible tokens (NFTs), it’s important to strike a balance between exposure and risk. On top of the NFT stocks listed above, here are more of the best NFT stocks to buy and sell right now. Over the last half a century, Nike has become a powerhouse in the collectibles industry with its Air Jordan line and other popular shoes.

DraftKings Inc. (NASDAQ:DKNG)

With so many categories to choose from, you’re sure to find the perfect fit for your needs. And best of all, Fiverr is constantly adding new categories, so you can always find someone to help you with your latest project. If you’re willing to take on more risk for the potential of higher rewards, then buying an NFT may be a good option for you.

In particular, they can be used to gain entry into Playboy-sponsored events like parties or even meet-ups with other users. Funko has had a few NFT drops so far, and they show no signs of slowing down. With their experience Virtual portfolio in the industry and kid-friendly products, Funko is poised to become a major player in the world of NFTs. With its partnerships with multiple minting apps, minting and selling NFTs will be easier with Shopify.

Real Estate 2023: Will Mortgage Rates and Home Prices Ever Become Affordable Again?

Chicago photographer, Brittany Pierre was working for $15 an hour with $10 in her bank account when she learned about the potential of non-fungible tokens (NFTs). Within a year, she’d made more than $100,000 in the NFT market, completely changing the trajectory of her life. Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999. Over 750k Masterworks members are all asking themselves that very question right now after this art investing platform achieved 100% positive net returns on 14 exits. As with any investments, talk with an investment professional to find out how NFT stocks fit into your portfolio, do your research and never invest money you can’t afford to lose.

With this context in mind, here is our list of the 10 best NFT stocks to buy now. These were ranked keeping in mind analyst ratings, basic business fundamentals, and hedge fund sentiment. ZK international came into the light following the Project MaximNFT launch that would sponsor the world’s largest NFT event, NFT.NYC. The company partners with different entities – including celebrities, athletes, game developers, and creators, among other investors. The NFT frenzy has also made eBay, the eCommerce online retail site, include NFT trades on its platform.

To gain exposure to the NFT sector, finding the best NFT stocks to buy and investing in them can be a simple way to get involved. Go for NFT based stocks – companies related to the crypto and NFT scene – that you have researched in-depth and have a proven track record. Moreover, you also get 0% commission and pre-created investment portfolios for the best user experience.

With several companies investing in the NFT market, knowing the right best stocks to day trade is still a challenge. Additionally, it trades at just 0.92 times forward sales, making it one of the best investments at this time. As we advance, its 2.0 initiatives could usher in the business’s growth phase.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top