Non-fungible tokens, or NFTs, have been a hot topic in the world of finance and investing. With NFTs gaining more and more mainstream attention, it’s no surprise that investors are starting to take notice of companies that are involved in the NFT market. In this article, we’ll be taking a look at the best NFT stocks to watch right now.
Coinbase, the popular cryptocurrency exchange, went public in April 2021 and has been making waves in the world of NFTs ever since. The company has made it easy for users to buy and sell NFTs through its platform, and has even partnered with popular NFT marketplaces like OpenSea and Rarible.
As the largest publicly traded cryptocurrency exchange, Coinbase is a great way to invest in the growing NFT market. The company is also poised to benefit from the increasing popularity of cryptocurrencies, which are often used to purchase NFTs.
Sotheby’s, the renowned auction house, has been involved in the NFT market since early 2021. The company has already sold several high-profile NFTCrypto, including the digital artwork “Everydays: The First 5000 Days” by Beeple, which sold for a staggering $69 million.
Sotheby’s is well-positioned to take advantage of the growing interest in NFTs among high-end art collectors. The company’s reputation and expertise in the art world make it a trusted source for buying and selling NFTs.
Funko, the company known for its pop culture collectibles, has recently entered the NFT market. The company plans to release its own line of NFTs featuring popular franchises like Marvel, DC Comics, and Star Wars.
Funko’s foray into the NFT market could be a smart move, as the company already has a large and loyal customer base. If the company can successfully tap into the NFT market, it could see a significant increase in revenue.
Takung Art Co. (TKAT)
Takung Art Co. is a Chinese company that operates an online platform for buying and selling artwork. The company recently launched a new platform called Takung NFT, which allows users to buy and sell NFTs.
Takung Art Co. is an interesting investment opportunity, as it allows investors to gain exposure to the NFT market in China. The company has already seen success with its traditional art trading platform, and could see similar success with its NFT platform.
Dolphin Entertainment (DLPN)
Dolphin Entertainment is a media and entertainment company that recently acquired a majority stake in crypto and NFT firm, Comerica. The acquisition gives Dolphin Entertainment exposure to the NFT market and could potentially lead to new revenue streams.
Dolphin Entertainment’s investment in the NFT market is a smart move, as the company already has a strong presence in the entertainment industry. The company’s connections and expertise in the industry could help it succeed in the NFT market.
In conclusion, these are the best NFT stocks to watch right now. As the NFT market continues to grow and evolve, it’s likely that we’ll see more companies enter the space. Investors who are interested in gaining exposure to the NFT market should keep an eye on these companies, as they are well-positioned to benefit from the growing popularity of NFTs. As with any investment, it’s important to do your own research and consult with a financial advisor before making any investment decisions.