Top 7 NFT Stocks To Watch & Buy Now 2023 List

nft stocks to buy

Funko is best known for manufacturing licensed pop culture figurines, vinyl toys, and unique apparel. The company has been expanding rapidly into new markets and now offers digital assets through its blockchain platform. NFTs have exploded in popularity during the pandemic, leading many investors to wonder how to buy them. Artists, collectors, and speculators alike have flocked to the movement as cryptocurrencies and other digital assets have skyrocketed — and also plummeted — in price.

  • Going with the trend, Mark Cuban listed one of his tweets on Valuables as well for 0.56 ETH.
  • In October, PLBY launched its Rabbitars program with over 11,900 unique rabbit-themed NFTs.
  • The company is best known for its limited-edition vinyl records and screen-printed posters.
  • Its first offering, released in December 2022, was Series 4 of the Hot Wheels NFT Garage.

A given NFT is immutable on the blockchain, and everybody can see its transactions, Ozair says. An NFT, on the other hand, is a unique blockchain token that is not interchangeable with any other token found on that or any other blockchain. Let’s take a look at 10 of the top players in the NFT market for investors to keep an eye on. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

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Israel Englander, a billionaire who owns approximately 6 million shares of Cinedigm Corp. (CIDM), increased its stake in the company by 42% in the third quarter. A successful Mattel NFT auction could generate significant additional revenue for the company, potentially sending its stock price soaring. PLBY Group, Inc. (PLBY) was founded in 1953 by Hugh Hefner to manage is forex trade profitable Playboy Magazine and other relevant assets. In the spring of 2021, PLBY Group, Inc. (PLBY) launched its first non-fungible tokens collection, Liquid Summer, which was sold out in less than 3 minutes. According to Jefferies analyst Stephanie Wissink, Funko, Inc. (FNKO) has been upgraded to “Buy” from “Hold” with a price target of $25, compared to $21 on August 31.

nft stocks to buy

Full-year revenue increased 13% to $40.5 million, which met the company’s revenue goal and set a full-year record. Although the company has felt the effects of the FTX collapse, it has an analyst price target of almost 275% above its current $1.83 share price as of March 31. If you think NFTs show promise as an investment but you aren’t ready to buy individual tokens, consider investing in NFT stocks.

In contrast, finding the best NFT stocks, timing, and investment management are simpler. This is because NFT stocks are publicly traded companies, which means you can research the company’s financial details before investing. In a report published on August 2 by Alliance Global Partners, analyst Brian Kinstlinger raised the price target on Cinedigm Corp. (CIDM) to $3.25 from $3.00. Dolphin Entertainment, Inc. (DLPN)’s creative, and marketing side will be combined with FTX’s expertise in cryptocurrencies for the collaboration. Funko is an American company that creates collectibles, vinyl figures, bobbleheads, action figures, accessories, apparel, plush, and NFTs. Funko, Inc. (FNKO) offers licensed and limited edition products based on pop culture trends.

NFT Stock Is a More Accessible Way to Enter the Market

In a stride towards embracing the NFT wave, Visa introduced the Visa Creator Program in 2022, empowering digital creators to leverage NFTs and bolster their small businesses. Visa Inc. is a leading global payments technology company, fostering connections between consumers, businesses, financial institutions, and governments across 200+ countries and territories. Their VisaNet network, the world’s largest processing network, employs cutting-edge data encryption technology to ensure fast, secure, and reliable electronic payments.

nft stocks to buy

The analyst was increasingly confident about the company’s 10%-plus medium-term growth profile and its business trajectory. Cathie Wood increased her stake in DraftKings to 17.5 million shares, valued at $844.4 million, on January 11. ARK Investment Management, owned by Cynthia Wood, is also the largest stakeholder in DraftKings Inc. and one of the 28 funds that were bullish about DraftKings in the third quarter of 2021. In a research note on January 13, Truist analyst Barry Jonas lowered the price target on DraftKings Inc. to $30 from $50 and kept a Hold rating on the shares. The analyst notes that despite DraftKings’ position as a best-in-class pure-play online operator, sentiment has turned negative due to rising interest rates and tax rates. 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.

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 cryptocurrency efforts. Some companies already have NFT marketplaces in place, and others are still planning. Therefore, it’s safer to choose a company already in the NFT market but doesn’t rely solely on it for revenue. NFT stocks can be a good investment if you choose a unique solution company.

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. 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. Coinbase is a popular app for buying, selling, and managing cryptocurrency. The company was birthed out of the desire to make Bitcoin more accessible to the masses, now having over ten years in business.

The first known NFT, “Quantum,” was a video clip dubbed a monetized graphic. Since then, NFTs have grown into a $1.8 billion market, according to data from CoinMarketCap. Tokens based on a blockchain, NFTs are used to guarantee ownership of an asset. After you are done with all the steps, and your account is finally operational, you can add funds from your bank account to your portfolio, to invest in stocks. “Buy it because you like the art or buy it because you think the collectible is cool or the community is cool.

PLBY Group, formerly Playboy Enterprises, is a global media and lifestyle company synonymous with luxury and iconic branding. Their NFT marketplace is available in the US, Canada, and other selected jurisdictions. Moreover, Mattel has plans to launch a peer-to-peer trading feature later this year, allowing collectors to further engage with and trade their NFTs within the community. Moreover, last year, in June, eBay made a significant announcement regarding its acquisition of KnownOrigin, a prominent NFT marketplace. This strategic move aims to establish eBay as a key destination for NFT collectors, further solidifying its position in the NFT market. 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.

Nike’s presence in this list adds a lot to its credibility and future as well. Seeing its reputation and levels of operation, Nike can beThe behemoth has recently showcased its desire to explore the NFT space, gaining a first-mover advantage. Its intentions to join the NFT bandwagon became even more apparent when it decided to patent CryptoKicks.

In addition to this, the development of user-friendly marketplaces and improved infrastructure contributed to growing sales. For example, Blend, a new peer-to-peer perpetual lending platform, made over $442 million in sales in May. Launched on May 1, Blur now represents 65% of the overall NFT market share, as reported by Fortune.

If you’re a prospective investor or collector, this alone should guide you on whether to invest in eBay NFT stocks or not. Since then, the company has expanded its operations as far as NFTs can go. It has collaborated with famous artists like Shantell Martin, including SuperRare and Metaverse events in Decentraland.

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Virtual land, which is space in the metaverse, can also be sold as an NFT. But after many multimillion-dollar purchases in 2021 and throughout 2022, the value of virtual land has reportedly declined by more than 66%. According to data from CryptoSlam, the average price among the $647 million in NFT sales in July 2022 was $115.15. It’s important to remember when you buy an NFT that “you’re buying a token ID to where that token is actually stored,” Georgiades says. Once the NFT is either minted, purchased from the marketplace or transferred to you by the NFT’s current owner, it will appear in your wallet. Each blockchain that supports NFT projects has its unique advantages and disadvantages, though.

Her expertise is in financial product reviews and stock market education. Its products encompass clothing lines for men and women, with jewelry and sports gear accessories. In October, PLBY launched its Rabbitars program with over 11,900 unique rabbit-themed NFTs. The site currently gives the option to pay in cash or common cryptocurrencies. Some popular Funko Pops designs feature Marvel characters, Disney characters, Harry Potter characters, and major sports stars.

While you can’t buy shares of NFTs themselves, you can buy stock in companies that are involved with NFT creation, trade or technology. Here’s a look at 10 of the best NFT stocks to consider investing in right now. Despite such performance last year, the overall NFT market showed signs of recovery in 2023. According to DappRadar, a total of 19.4 million NFTs were sold during the first quarter of 2023, up 8.5% from the previous quarter. The report also mentioned that the trading volumes climbed $4.7 billion during the quarter, showing a 137% growth from the preceding quarter.

Cloudflare – A Key Provider of NFT Infrastructure for Video Creators

The Jiayin Group is a Shanghai-based Fintech platform with a focus on NFTs. The tokens will utilize the ERC 271 tokens and the transactions will be recorded on the Ethereum blockchain. In case, you’re looking to stake or buy Ethereum to then buy NFTs, you can check out eToro. It provides endless features and security functions ensuring a transparent and smoother user experience.

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. Coinbase is a renowned name in the crypto industry, standing tall as one of the largest trading platforms with impressive trading volumes. Catering to both retail and institutional users, Coinbase facilitates seamless fiat-to-crypto and crypto-to-crypto transactions.

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. Here in this section, we are going to tell you the top 5 NFT stocks that you can buy now. Let’s first know what NFT is, and then we further move to NFT stocks. Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date.

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And by investing in such companies, you can gain some exposure to NFT Stocks. On top of the NFT stocks listed above, here are more of the best NFT stocks to buy and sell right now. Analysts predict strong returns for Coinbase stock over the next twelve months, with a median forecast of 86.3% and a high-end forecast of 306.5%.

On the other hand, anyone can hypothetically list anything on a decentralized marketplace. With values of art and sports NFTs soaring into millions of dollars, many investors wonder if NFTs are a good investment. A piece of art called “The Merge” by the artist Pak sold last year for $91.8 million. To date, it’s the most expensive piece of art ever sold by a living artist, but “The Merge” isn’t a painting or sculpture. It’s a promising new front in the world of technology, but risks abound when investing in any movement’s nascent stage.

Takung Art has gained recognition in the art market by specializing in selling physical Asian artwork, offering a unique feature of shared asset ownership. This innovative approach allows multiple investors to own a piece of art collectively, making the market more accessible to a broader audience. In 2021, PLBY Group ventured into the world of NFTs with its Rabbitar series. Despite facing a $5 million loss on Ethereum from NFT sales, the company recognizes the importance of embracing cryptocurrency and digital assets for future growth. In addition to its sports-focused services, DraftKings has ventured into the world of NFTs. Through its collaboration with Autograph, the company has launched a dedicated marketplace where exclusive NFTs are sold and NFT drops featuring renowned celebrities occur.

Since its inception, the company has seen a drastic rise in its shares of collectibles and artwork. Collectors, artists, and investors have flocked to the e-commerce platform to sell or buy these digital assets. NFTs were first introduced in 2014 as the shift toward cryptocurrency opened the door for investing in digital assets. What sets them apart from other investments is that each NFT is unique.

This is a well-known company with a longstanding reputation for excellent physical collectible infrastructures. And the main difference is the elimination of complexities that come with acquiring other NFT stocks. Hence, it makes the work of creators, artists, and brands quite straightforward. The benefit of investing in Shopify NFTs is the possibility of selling them in various ways. You can use credit cards, gateways, or cryptocurrency, among other methods.

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