As someone who has been closely following the digital revolution in the gaming industry and the burgeoning world of NFTs, I must say that Ubisoft’s latest move into blockchain gaming is nothing short of intriguing. With my years of experience as both a gamer and an investor, I can see the potential this move holds for the future of gaming and the value it could bring to players worldwide.
Every day, the popularity of unique digital assets known as Non-Fungible Tokens (NFTs) continues to grow. A multitude of digital collectibles are being created and traded on a daily basis, captivating the interest of numerous cryptocurrency devotees, particularly in the realm of NFT art.
On the other hand, numerous investors are keen to explore this novel market through the acquisition of NFT stocks. Given that multiple companies are pouring resources into the NFT sector, identifying the best NFT stocks to invest in remains tricky.
In this piece, we’ll guide you on identifying top-notch NFT stocks worth investing in for 2024. However, before diving into the investment aspect, it’s crucial to familiarize yourself with Non-Fungible Tokens (NFTs).
What Are NFTs and NFT Stocks?
In the realm of digital assets, I’ve come to understand that an NFT, or Non-Fungible Token, serves as a proof of ownership for one-of-a-kind items. This could be anything from a unique piece of art, a rare item in a video game, a concert ticket, or even a musical composition. Just like Bitcoin and other cryptocurrencies, these NFTs are based on blockchain technology, ensuring their authenticity and security.
Most NFTs are based on the Ethereum network, but other digital artworks operate on different blockchains, like Solana and Polkadot. These digital tokens are similar to virtual certificates showing proof of ownership for a particular digital asset or piece of art.
Furthermore, Non-Fungible Tokens (NFTs) can also secure ownership of specific tangible items, like real estate, collectibles, or original artwork pieces. Investing in stocks tied to NFTs, specifically companies involved in the development or trade of NFTs, provides a means for investors to participate and capitalize on the burgeoning NFT market.
In simpler terms, NFT stocks originate from businesses engaged in the creation or trade of Non-Fungible Tokens (NFTs). Essentially, these stocks represent ownership in companies dealing with NFTs. By investing in NFT stocks, individuals can capitalize on the expanding NFT market.
A growing number of investors seek out stocks associated with NFT (Non-Fungible Token) industries as a means to invest in businesses pioneering advancements in digital and blockchain technology sectors. These NFT companies are spearheading this movement, opening up fresh avenues and molding the future landscape of digital assets.
Instead of directly purchasing NFTs from specialized marketplaces like OpenSea or Rarible, there’s also the option for newcomers to enter the NFT world by taking part in airdrops and giveaways. These are unique events hosted by fresh projects within the industry. During these occasions, these crypto initiatives provide free pieces from their NFT collections to users chosen at random or those who complete straightforward tasks.
How to Choose the Best NFT Stocks to Buy
Not every NFT stock out there is a worthwhile investment opportunity. The following tips could help you identify the top NFT stocks currently available on the market.
Invest in Something You Like
As you search for top-notch NFT stocks to purchase, it’s wise to zero in on the initiatives that pique your curiosity. Essentially, this implies investing in something that captures your attention and aligns with your personal preferences.
Do Your Research
When it comes to the abundance of NFT projects available, how can one determine the top NFT investments without delving into minimal research? Picking an NFT project is only the beginning; from there, it’s crucial to delve deeper into that particular project. Besides reading reviews about the project, you should familiarize yourself with its creators, community, and brand.
Instead of Non-Fungible Tokens merely representing a concept or idea, they actually symbolize real people behind each project. Therefore, it’s crucial to familiarize yourself with the individual driving your preferred project. Investing in these projects can be likened to backing your favorite sports team, based on faith in their abilities to succeed. To find the top NFT tokens to invest in, evaluate the creator’s past achievements, social influence, and capacity to create and sustain brand recognition.
List of the Best NFT Stocks to Buy
Based on thorough investigation into current market offerings, I’d like to highlight some top-performing NFT stocks that you might consider investing in:
1. Visa Inc. (NYSE: V)
- Headquarters: San Francisco, California, United States
- Revenue: $34.92 billion (year 2023)
- Market cap: $552.01 billion
- Average Volume: 8.67 million
- YTD: 7.31%
- Price: $279.37 (September 9, 2024)
- Number of Hedge Funds Holders: 617
Visa Inc., a prominent global player in payment technologies, facilitates interactions among consumers, businesses, banks, and governments across more than 200 nations. Their extensive VisaNet network, the world’s largest payment processing system, utilizes advanced data encryption to deliver swift, safe, and dependable electronic transactions.
To further engage with the NFT sphere, Visa launched the Visa Creator Program in the year 2022, providing digital artists with tools to utilize NFTs and strengthen their independent ventures.
Remarkably, the company drew attention last year when they purchased a Non-Fungible Token (NFT) worth $150,000. This move underscored their eagerness to delve into and support the vibrant realm of non-fungible tokens.
2. eBay Inc. (NASDAQ: EBAY)
- Headquarters: San Jose, California, United States
- Revenue: $10.2 billion (year 2023)
- Market cap: $28.95 billion
- Average Volume: 4.44 million
- YTD: 35.72%
- Price: $59.20 (on September 9, 2024)
- Number of Hedge Funds Holders: 55
eBay is one of the original online marketplaces that was established in 1995, making it one of the earliest e-commerce platforms. On this platform, users can both purchase and sell items through online auctions or fixed-price transactions. Typically, there are two primary options for products listed: “Buy It Now” (items with a set price) and “Auction-style” listings (where users bid on the item).
The business has expanded into the world of NFTs starting from May 2021, facilitating the sale of certain Non-Fungible Tokens through its conventional online marketplace. Unlike many other platforms, eBay is concentrating on cash transactions for NFTs instead of cryptocurrencies, which are commonly used in most NFT deals.
Furthermore, last June, eBay declared a notable step by revealing their intention to acquire KnownOrigin, a well-known NFT marketplace. This decision is aimed at positioning eBay as a top choice for NFT enthusiasts, thereby strengthening its presence within the NFT sector.
3. Cloudflare Inc. (NYSE: NET)
- Headquarters: San Francisco, California, United States
- Revenue: $1.48 billion (year 2023)
- Market cap: $25.99 billion
- Average Volume: 2.6 million
- YTD: -8.66%
- Price: $76.05 (on September 9, 2024)
- Number of Hedge Funds Holders: 44
Cloudflare runs a cloud-based platform offering enterprise solutions. This network is among the largest on the internet, providing services to bolster the security and efficiency of websites and online services. It ranks as one of the web’s most extensive networks, delivering dependable solutions for securing and improving the performance of digital platforms.
Additionally, Cloudflare provides a variety of services beyond its primary functions, one of them being Cloudflare Stream – an intuitive solution for seamless online video publishing. With Cloudflare Stream, you can share videos without fretting over quality, compatibility, storage space, or technical specifics. Notably, this video sharing platform, Cloudflare Stream, is also compatible with NFTs at present.
By using Ethereum’s ERC-721 protocol via an API, videos can be converted into Non-Fungible Tokens (NFTs), enabling a smooth connection between NFTs from various platforms and videos hosted on Cloudflare. This innovative functionality gives video creators the ability to sell their content as NFTs and establish smart contracts that guarantee they receive royalties every time their videos are re-sold.
4. Shopify (NYSE: SHOP)
- Headquarters: Ottawa, Ontario, Canada
- Revenue: $7.76 billion (year 2023)
- Market cap: $86.86 billion
- Average Volume: 9.277 million
- YTD: -13.98%
- Price: $67.01 (on September 09, 2024)
- Number of Hedge Funds Holders: 314
Shopify serves as a digital marketplace, enabling merchants from all over the globe to establish their online identity. It empowers individuals by simplifying the process of setting up, operating, and expanding an e-business.
The company believes the future of commerce has to do with more voices, not fewer. Shopify is making this possible by reducing the barriers to business owners to make business better for everyone.
Right now, Shopify is trial-running a program for Non-Fungible Tokens (NFTs) so that merchants can sell them through their stores. Despite this, it continues to be the top e-commerce platform without any significant challenge. However, potential investors should practice patience as the growth in stock prices might not be immediate, even if the future trend of the NFT market is promising.
5. Mattel Inc. (NASDAQ: MAT)
- Headquarters: El Segundo, California, United States
- Revenue: $5.43 billion (year 2023)
- Market cap: $6.27 billion
- Average Volume: 3.85 million
- YTD: -2.33%
- Price: $18.44 (on September 09, 2024)
- Number of Hedge Funds Holders: 29
Mattel Inc., based in the United States, is a well-known international toy manufacturer with roots reaching back to 1945. Over the years, it has established itself as a global pioneer in designing and manufacturing captivating toys and games that spark the creativity of children across the globe. Its renowned brands, including Barbie, Hot Wheels, Fisher-Price, and UNO, have indelibly marked generations, providing fun, learning, and enjoyment during playtime.
Mattel Inc. has revealed its plans to delve into the realm of Non-Fungible Tokens (NFTs), driven by a desire for growth and innovation. They have recently unveiled an intriguing expansion to their collector and consumer-direct platform, Mattel Creations. This expanded platform now incorporates an NFT marketplace, providing unique digital collectibles for toy fans and collectors everywhere.
In December 2022, the NFT marketplace made its grand entrance by launching Series 4 of the Hot Wheels NFT Garage. Then, starting from January, it introduced fresh collections based on popular brands such as Monster High and Masters of the Universe.
One advantage of this marketplace is that it welcomes everyone, regardless of their previous experience with cryptocurrencies. In fact, you don’t need any specific knowledge about cryptocurrencies to buy Non-Fungible Tokens (NFTs) from the Mattel Creations Digital Collectibles Marketplace.
Furthermore, Mattel is planning to introduce a community-based trading system for NFTs by the end of the year, enabling collectors to interact more closely and swap their digital collectibles among themselves.
6. DraftKings (NASDAQ: DKNG)
- Headquarters: Boston, Massachusetts, United States
- Revenue: $4.3 billion (year 2023)
- Market cap: $17.05billion
- Average Volume: $9.33 million
- YTD: -0.40%
- Price: $35.11 (on September 09, 2024)
- Number of Hedge Funds Holders: 47
DraftKings is a well-known U.S. corporation that provides platforms for fantasy sports competitions and sports wagering. Users can join daily or weekly competitions and potentially win cash prizes depending on their results.
It offers a diverse selection of fantasy sports options, such as Major League Baseball, National Hockey League, National Football League, National Basketball Association, PGA Tour, English Premier League, NBA, UEFA Champions League, NASCAR racing, Canadian Football League, mixed martial arts, Tennis, and the XFL.
Beyond just offering sports-related services, DraftKings has also stepped into the realm of Non-Fungible Tokens (NFTs). In partnership with Autograph, they’ve unveiled a specialized marketplace for buying and selling exclusive NFTs. This marketplace also hosts NFT drops featuring well-known personalities.
As a passionate crypto investor, I’ve stumbled upon an exciting platform that highlights NFTs from renowned figures in sports and pop culture, such as Tiger Woods, Wayne Gretzky, Tony Hawk, Naomi Osaka, Derek Jeter, and Tom Brady. This digital marketplace offers me the opportunity to own unique pieces of their legacy and relive memorable moments, making me feel like I’m part of their journey.
Their NFT marketplace is available in the US, Canada, and other selected jurisdictions.
7. Coinbase Global Inc. (NASDAQ: COIN)
- Headquarters: San Francisco, California, United States
- Revenue: $5.38 billion (year 2023)
- Market cap: $36.61 billion
- Average Volume: 7.8 million
- YTD: -15.28%
- Price: $147.35 (on September, 2024)
- Number of Hedge Funds Holders: 50
Coinbase is a renowned online trading platform 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.
Enhancing its services, Coinbase features an active marketplace where users can delve into, design, display, and swap Non-Fungible Tokens (NFTs).
8. Funko (NASDAQ: FNKO)
- Headquarters: Everett, Washington, United States
- Revenue: $1.07 billion (year 2023)
- Market cap: $505.59 million
- Average Volume: $553,840
- YTD: 24.32%
- Price: $9.61 (on September 9, 2024)
- Number of Hedge Funds Holders: 46
As an analyst, I’d put it this way: I work with Funko, a renowned brand that focuses on the design and distribution of licensed collectibles. These include toys, figurines, and various merchandise, all tied to popular culture.
The company is famous for its unique and stylized vinyl figures, commonly known as “Pop! Vinyls,” which feature characters from movies, TV shows, video games, and more.
Funko is adored by collectors and enthusiasts of pop culture from all around the globe, thanks to their extensive collection of items and partnerships.
About Non-Fungible Tokens (NFTs), Funko provides its own digital marketplace called Funko Digital Pop. This platform is where users can purchase unique and scarcely available NFT collectibles, including drops of Non-Standard NFTs (NNFTs). Through a user account on the platform, individuals can gain access to the newest limited edition NFT collectibles showcasing Funko’s iconic stylized figurines.
9. PLBY Group (NASDAQ: PLBY)
- Headquarters: Los Angeles, California, United States
- Revenue: $39.4 million (year 2023)
- Market cap: $40.68 million
- Average Volume: 323,312
- YTD: -44.94%
- Price: $0.55 (on September 09, 2024)
- Number of Hedge Funds Holders: 10
The company once known as Playboy Enterprises, now called PLBY Group, operates on a global scale, focusing on media and lifestyle sectors, with a reputation for luxury and recognizable brand identity.
Originating from the 1950s, the PLBY Group has grown far beyond its initial role as a men’s magazine. Today, it stands as a multifaceted entertainment hub, providing an extensive selection of goods and experiences.
In various sectors such as media, digital initiatives, gaming, fashion, and unique experiences, PLBY Group reshapes its identity, emphasizing enjoyment, style, and luxury.
As a crypto investor in 2021, I embarked on an exciting journey with PLBY Group into the realm of Non-Fungible Tokens (NFTs) through their Rabbitar series. Regrettably, this venture resulted in a $5 million loss during Ethereum-based NFT sales. However, the company acknowledges the significance of adopting cryptocurrencies and digital assets for future expansion and growth, making me optimistic about their prospects in this dynamic market.
The Playboy Group intends to connect the old with the new by utilizing a variety of modern artists, delving into their historical records, and drawing on wisdom from the cryptocurrency community for each unique Non-Fungible Token (NFT) endeavor.
These recent assemblages such as Vandalz, Weedman, and The New Surrealists demonstrate their dedication towards fostering ingenuity and artistic expression.
10. Nike
- Headquarters: Beaverton, Oregon, United States
- Revenue: $51.39B(year 2023)
- Market cap: $120.9 billion
- Average Volume: 15.29 million
- YTD: -25.73%
- Price: $80.63 (on September 09, 2024)
- Number of Hedge Funds Holders: 60
Nike, renowned for sports equipment and trendsetting designs, has ventured into the realm of Non-Fungible Tokens (NFTs) to explore novel methods of engaging its fanbase. Having dominated the physical market for shoes and clothing, they recognized the potential of technology evolution to expand into the digital sphere and the NFT industry. This shift in focus towards NFTs marked the beginning of an exciting new journey, which kicked off with two significant initiatives: Swoosh and RTFKT.
The Swoosh serves as Nike’s exclusive platform for trading Non-Fungible Tokens (NFTs), where individuals can purchase, swap, and amass virtual goods, such as shoes. This online marketplace invites users to delve into the realm of digital art, offering them opportunities to interact with distinctive items in the world of NFTs.
From my perspective as an analyst, it’s fascinating to note that the company I’m analyzing, having acquired RTFKT in 2021, now delves into the realm of digital collectibles production. Specifically, they focus on creating virtual sneakers through RTFKT. This move signifies their commitment to merging physical and digital products. An exemplary manifestation of this fusion is the launch of CryptoKicks, a line of digitized sneaker NFTs that have garnered immense popularity among collectors. These ventures underscore how the brand has seamlessly incorporated NFT technology into its identity, opening up innovative prospects for its devoted followers.
Nike’s step into NFTs reflects their forward-thinking strategy to remain at the forefront of the rapidly changing digital landscape, while providing unique experiences for their devoted clientele. This strategic move has also drawn interest from NFT stock investors, solidifying Nike as a trailblazer in both conventional and digital market spheres.
11. Ubisoft
- Headquarters: Montreuil, France
- Revenue: $2.3B(year 2023)
- Market cap: $1.89 billion
- Average Volume: 480.204
- YTD: -40.18%
- Price: $13.81 (on September 09, 2024)
- Number of Hedge Funds Holders: 15
As a researcher delving into the dynamic realm of gaming, I’m witnessing Ubisoft’s persistent stride towards NFTs and blockchain technology, following their footprints left by acclaimed titles like “Assassin’s Creed” and “Far Cry.” Initially, there was resistance when they introduced Quartz, their NFT platform, in 2022. However, Ubisoft remains undeterred, viewing NFT technologies as the vanguard of gaming’s future. They envision a world where players can authentically possess and exchange digital assets, fostering a new era of ownership and trade within our virtual worlds.
As a researcher, I am excited to share that Ubisoft has joined forces with Double Jump Tokyo and Immutable to bolster its foothold in the NFT sector. This collaboration will contribute significantly to the creation of Champions Tactics: Grimoria Chronicles, an upcoming multiplayer blockchain game. In this game, players will have the opportunity to acquire unique NFT assets such as exclusive characters and items that can be utilized and traded within the game. By employing Web3 technology, Ubisoft intends to merge digital art and NFT collections seamlessly into the gaming realm, offering a fresh dimension of player engagement and investment.
Ubisoft views this as a chance to attract investors who are interested in NFT stocks and those actively involved with popular NFT stock markets, given the expanding market. Their long-term ambition is to establish a gaming environment where NFTs symbolize ownership of distinctive in-game assets. This, in turn, aims to revolutionize the gaming experience for players globally by fostering its evolution.
Where You Can Keep Your NFTs
Investing in NFTs can be valuable, so it’s crucial to safeguard them. If you plan on keeping your investment, make sure your NFTs are securely stored, such as within a digital wallet equipped with a 12-word recovery phrase, a robust password, and other protective measures.
For the best security of your NFTs, you should consider keeping your investment in a cold storage hardware wallet. You have various options to consider when storing your NFTs. The best ones include Software Wallets like MetaMask and InterPlanetary File System and Cold Storage Hardware Wallets like Trezor and Ledger.
FAQ
Are NFTs Crypto?
Although NFTs (Non-Fungible Tokens) and cryptocurrencies both rely on blockchain technology, it’s crucial to understand that they represent different ideas. Unlike cryptocurrencies, which are interchangeable and have the same value regardless of their individual units, NFTs are unique and non-interchangeable, meaning one can’t be swapped for another without altering its worth due to its distinct properties.
With both areas progressing, it’s expected that consumers will become more knowledgeable about their distinct characteristics, thanks in part to the ongoing advancements in blockchain technology.
What are the Best NFT Stocks to Buy?
2023 is expected to see some of the top Non-Fungible Token (NFT) associated stocks being Visa, eBay, Cloudflare, Shopify, Mattel, DraftKings, Coinbase, Funko, PLBY Group, and Takung Art.
Best NFT Stocks – Final Thoughts
Although facing certain hurdles, the thriving market for Non-Fungible Tokens (NFTs) offers an intriguing investment chance through NFT stocks, allowing individuals to profit from the rising trend and potential of NFTs.
Investors might find it advantageous to explore the burgeoning NFT sector by looking into well-established firms that already have a presence there, and by thoroughly examining their findings.
However, it is important to exercise caution, diversify investments, and seek professional advice to navigate the volatility and uncertainties associated with this evolving market.
This article and the links within it are intended for general knowledge purposes, not as financial advice. It is essential to conduct your own research or consult with an expert before making financial decisions. Remember, we hold no liability for any potential losses arising from the information provided on our site.
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2024-09-30 14:55