If you have been remotely following the investment world recently, you are well aware that NFTs have taken the world by storm. NFTs are unique items that represent ownership over a digital asset. Many people buy NFTs to belong to a community such as the Bored Ape Yacht Club, for example. Also, the valuation of certain NFTs creates investment opportunities for many. The sheer sales volume reflects NFTs' success in attracting huge investments from entrepreneurs, celebrities, and crypto enthusiasts. Momentum in crypto prices like bitcoin has been a tailwind for NFTs. There are various companies like Coinbase, eBay, OpenSea, and more with their fingers in the NFT space for traders to invest in. That includes those that operate marketplaces, sell NFT collections, and more. You might want to try your hand at investing in NFT stocks to test the investing waters. This article features the top 10 NFT stocks to buy and hold in 2022.
Coinbase is one of the top crypto tradings and investing platforms in the world. They have made it easy for anyone to buy, sell, and exchange various cryptocurrencies. In reality, Coinbase has successfully made buying crypto as easy, if not easier than buying a stock. After riding the NFT wave throughout 2021, Coinbase jumped on the bandwagon by creating an actual NFT marketplace. This is how people worldwide can buy and trade NFTs.
CyberMiles is a public blockchain platform. It was the first solution that allowed commercial transactions for Ethereum's public chain DPOS consensus. Today the CyberMiles platform serves as a guide for other blockchain platforms to work from. Within four years of the very first NFT, CyberMiles was ready to support the buying, selling, and trading of NFTs. It was also the very first platform to host an NFT auction. It is one of the best NFT stocks to buy in 2022.
Online e-commerce platform eBay (EBAY) – Get eBay Inc. Report, announced in May 2021 that it would start hosting NFT sales. On the plus side, the company is trusted by millions of users and offers a purchase guarantee. eBay shares hit all-time highs at the end of October 2021 after reporting earnings results exceeding expectations for five consecutive quarters.
OpenSea has captured 97% of the NFT market. Data from OpenSea regarding revenue shows that it generated a whopping US$76 million in August 2021 alone. Taking into consideration that the NFT market is already worth more than US$1 billion, that indicates great potential for OpenSea, which is already valued at a market cap of US$1.5 billion. It is one of the best NFT stocks to buy in 2022.
This toy-maker giant has launched NFTs featuring one of the hottest brands – Hot Wheels. In June, Mattel launched the Hot Wheels NFT Garage series that featured three vehicles from "The First Editions" vehicle collection. Mattel's popular product portfolio which includes iconic toys like Barbie, American Girl, and UNO presents significant growth opportunities in the NFT space.
Nike is another major company to look out for on the NFT front. They have long been the world leader in terms of sneakers and other apparel that retain their value and that people love to collect. Now, Nike has received a patent that allows them to make NFTs out of many of its iconic shoes and designs. These digital assets will be available for sale in their store which they are building across multiple metaverses. It is one of the best NFT stocks to buy in 2022.
Entertainment company and streaming service, Cinedigm, has been getting recent attention from NFT investors after announcing in March 2022 that it would be developing NFT products. After the announcement, shares rose 28%. While Cinedigm shares have been in a downward trend, when the NFT product line launches, investors can expect to see significant value growth.
In March 2021, Sino-Global announced a partnership with CyberMiles to introduce a robust NFT exchange. Today the platform is the first of its kind to allow creators to sell their digital art within a platform specifically designed for NFTs. The platform serves as a bridge between the digital and physical world of art and investing. It is one of the best NFT stocks to buy in 2022.
This particular stock is an example of how the NFT craze can drive a stock's value up — fast. It gained almost 300% in value in a single day. Takung Art sells physical artwork, specifically Asian artwork. It is unique because it allows for share asset ownership. This means that multiple people can own a piece of art together, allowing more investors to enter the market. While the company doesn't yet trade in NFTs, investors are getting ahead of the trend and hoping that Takung Art makes that leap soon.
This stock isn't making headlines or causing waves on the stock market. The high-tech financial services company is based in Shanghai. Right now, Jiayin Group isn't working with NFTs — yet. A series of tweets in December 2020 tipped off investors who now expect to see a shift to NFTs soon. It is one of the best NFT stocks to buy in 2022.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.