What to know and companies to watch

What to know and companies to watch


The emergence of NFTs has proven to be a boon to artists and creators around the world. But it has also become incredibly tempting investment opportunities for those seeking quick – and sometimes significant – returns on their investment.

but there is a problem. Unless you have hundreds of thousands of dollars to throw at Boring Monkey, Cryptopunk, Moonbird, etc., finding good margin bets requires Many from work. To get a real pulse of what’s happening in space, you’ll need to live practically on Twitter or Discord. Information moves quickly in the NFT space, and so does the value of any given NFT project, once it starts to gain traction.

Fortunately, there may be a solution for the daring NFT investors who are taking your first steps in these foreign waters. Look no further than NFT stocks.

wait what be NFT stock?

Simply put, buying NFT stock just means buying shares of a publicly listed company whose tentacles have sunk deep into Web3. This is what NFT stocks stand for in a nutshell – the common stock of companies operating in the NFT market. But while investing in cryptocurrencies and NFTs, which are purely digital assets, may be a relatively new concept, investing in stocks is not.

This is why NFT stocks are a great way for newcomers mostly interested in the speculative nature of cryptocurrency and NFT to dip their toes into the vast ocean that is Web3. Essentially, NFT stocks provide a way for any savvy investor to bet on NFTs and Web3 without needing any inside knowledge to get started.

How do I buy NFT shares? And how can I invest in it?

Like any other stock, NFT stocks are not based on blockchain technology – but they are tied to the NFT market. Fortunately, gone are the days when you needed it know a man To start buying and trading stocks. These days, you have all-in-one apps like Robinhood to begin with. At this point, it’s just a matter of choosing which stocks to invest in – and how much.

If all of this sounds like a simple affair, it isn’t. While these are useful for beginners, it goes without saying that careless investing is one of the worst things you can do with your hard-earned money. If you are truly You want to be careful when starting out, so you don’t have to get caught up right away. Another option is to engage in CFD Trading.

Through this method, you will not necessarily be king The stocks you invest in, but you will be privy to any income you generate over time due to the price change. Apart from that, you will also be able to invest in stocks at a lower cost than you would pay by buying the stocks directly. This method of investing in stocks does not come without its downsides. All investments carry some degree of risk. With CFD trading, these risks include a “potential lack of liquidity, the need to maintain adequate margin”, According to Investopedia. We encourage you to do an extensive research on the form of investment that best suits your needs.

Short list of NFT stocks to buy

dead

Meta logo. Source: Meta

Let’s start with something obvious. Regardless of your sentiments on Facebook, there is no doubt that the company has made great strides in the past decade in bringing virtual reality into the mainstream. When Facebook acquires Reality Labs In 2014 – the original developers of the Oculus VR headset – little public knew that the acquisition would be the first step in a years-long quest to make the metaverse mainstream.

However, the metaverse is far from the only Web3 concept that Meta has embraced. Meta also indicated a strong interest in integrating NFTs into Facebook and Instagram. In fact, NFTs are already on Instagram today, which is supposed to benefit artists, photographers, and other creatives who use the platform to promote their goods and services. It’s also possible that NFTs will continue to evolve on the photo-sharing platform, as Instagram has expanded support for NFTs in 100 new countries.

ebay

Muhammad Ali NFT is previously available for purchase on eBay. Source: OneOf

You can buy just about anything on eBay. And yes, that includes NFTs. Aside from hosting OneOf drops – like Muhammad Ali Group – the online auction giant also has its own NFT marketplace. With eBay’s acquisition of Known Origin, it looks like one of the dot-com bubble’s best success stories will come as the entire Internet moves to Web3.

At the heart of eBay’s strategy focused on Web3 is a deep understanding of itself as a platform. Since one of eBay’s most popular use cases is buying and selling collectible items, it only makes sense to expand its market into the realm of digital collectibles. “eBay is the number one stop for people around the world looking for that perfect, hard-to-find or unique addition to their collection, and with this acquisition, we will continue to be a leading site as our community increasingly adds digital collectibles,” said eBay CEO Jamie Iannone at press release.

Jim Stop

Night shot of the outside of the GameStop branch.
Night shot of GameStop. Source: JJBers / Flickr

Remember that bizarre saga of last year that saw Redditors turn GameStop stock into Certified meme stock? GameStop definitely does that. However, even with that in mind, the recent forays into NFTs toy stores show the company’s commitment to keeping itself relevant to the far future — meme stock situation damned. Add to that the declining popularity of physical games, and it’s easy to see how important GameStop’s new strategy is in securing its future as a company.

So what has GameStop done? For example, it launched its own NFT Marketplace and Crypto Wallet. Despite the mild reception of the new NFT market, the company hopes to contribute more to the growing NFT ecosystem by offering gift cards for FTX – its first official partner NFT Marketplace – at select stores.

nike

Nike Dunk Genesis Banner
NFT from the Nike Dunk Genesis collection. Source: Nike / RTFKT

Surprisingly enough, Nike was one of the first big old brands to ride the NFT hype train. After some speculation, the sportswear giant announced in December 2021 that it would acquire RTKFT Studios – an organization best known for its tools that enable users to create unique digital sneakers, and of course “artifacts”.

Since that acquisition, Nike has pushed to expand its reach into the metaverse. With Nike’s cultural character as one of the leading brands of athletic footwear and apparel, it’s a safe bet to assume that Nike is poised to be a leader in the burgeoning apparel-focused NFT field. And they’re far from the only apparel companies that have shown interest in Web3. Recently, Puma also revealed the metaverse experience at New York Fashion Week 2022.

Are NFT Stocks Right for Your Portfolio?

Well, it depends on you. Basic investment advice still applies here. However, the most relevant investment advice when it comes to NFT stocks is to make sure that you never invest in a business that you don’t understand.

Yes, the companies we just discussed have fairly straightforward business models. But what about their NFT projects? This is the main factor to consider. these be NFT stocks, after all. So instead of viewing them as common stocks, think of investments in NFT stocks as an obligation on your part to learn more about the NFTs themselves. Keeping track of the performance of these companies – especially in relation to their NFT projects – is a great way to take your first steps into the vast world of NFTs.



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