Top NFT Stocks to invest in

Interested in investing in the most popular, trending, and profitable NFTs? You’ve come to the right place to gather the necessary information about it all. But first, let’s take a look at the general concept and idea behind these NFTs.

NFTs, or non-fungible tokens, are digital assets that are held on a blockchain ledger and can include art, images, movies, and audio. In 2021, both retail investors and hedge funds poured money into NFTs, with sales topping $25 billion as the practice grew in popularity.

Despite the fact that NFTs have been in existence since 2014, investors were interested in NFT trading in 2021. In March 2021, celebrities and high-profile persons joined the crypto craze, with Jack Dorsey, the former CEO of Twitter, Inc. (NYSE:TWTR), selling a tweet as an NFT for $2.9 million. Similarly, on January 4, 2022, American artist Eminem paid $450,000 for an NFT from the "Bored Ape" avatar collection since the art mirrored Eminem's characteristics. He's now using the NFT as his Twitter profile picture, which has raised the demand for the Bored Ape NFT avatars, which sell for around $280,000.

The euphoria around blockchain, crypto, and NFT has also benefited from the increased interest in the metaverse. The NFT craze is also attracting the attention of major market participants. For example, Gucci, D&G, and Burberry Group plc (OTC:BURBY) released a line of virtual wearables, Visa Inc. (NYSE:V) bought a 24x24 pixel image from the CryptoPunks NFT collection, and NIKE, Inc. (NYSE:NKE) bought a virtual sneaker and collectibles firm.

According to Jefferies analysts, the NFT business is expected to be worth $35 billion this year and $80 billion by 2025. According to Binance, NFTs may even be a bridge to the metaverse, assisting in the creation of virtual identity, community, and social experiences.

So, how can non-fungible tokens benefit you and me? Here’s a list we can take a look at for possible investment commitments:

1.    Coinbase Global, Inc.

Coinbase Global, Inc. (NASDAQ:COIN) is a cryptocurrency exchange platform that allows customers to purchase and sell their selected currencies in safe and secure transactions.

Coinbase Global, Inc. (NASDAQ:COIN) is one of the most popular NFT stocks to buy, as the business is preparing to launch an NFT marketplace and has already started a waitlist for early access to its first collectibles. On the Coinbase Global, Inc. (NASDAQ:COIN) platform, individuals may mint, collect, discover, and exhibit their NFTs all in one spot.

The company's queue has grown to 3.7 million people. Even better, Coinbase just announced a partnership with Mastercard (NYSE:MA), which aims to make buying NFTs easier. Mastercard claims that:

Purchasing digital items on an e-commerce site should be as simple as purchasing a garment or a pair of sneakers. It only takes one click to complete your order. Many NFTs, or non-fungible tokens, are not in this category. To acquire an NFT today, such as digital artwork, you must first open a crypto wallet, purchase crypto, and then use it to buy an NFT in an online marketplace. Examples of NFT marketplaces include OpenSea, Axie Marketplace, Larva Labs/CryptoPunks, NBA Top Shot, and Rarible amongst so many others.

COIN stock has had a good run recently. EPS for the fourth quarter came in at $3.32, exceeding analyst expectations of $1.94. The company also announced $2.5 billion in sales, which was a 27 percent increase over estimates. The number of monthly transacting customers jumped to 11.4 million, much-exceeding expectations of 9.7 million.

The current price is $0.150042 per NFT. NFT is 99.46% below the all-time high of $27.89.

2.    Dolphin Entertainment

Dolphin Entertainment is an independent entertainment marketing and premium content development firm that supplies big film studios and independent digital content producers with strategic marketing and publicity services.

Dolphin and FTX will collaborate to create and program worldwide NFT marketplaces for sports, cinema, television, music, gaming, eSports, culinary, lifestyle, and charity brands.

Dolphin launched an NFT division in March to develop, produce, release, and market NFTs for itself and its clients in order to achieve this goal. The company has already formed an NFT collaboration with Hall of Fame Resort & Entertainment Company (HOFV), with the company's first NFT services concentrating on professional football.

Dolphin Entertainment is one of the top non-traditional stocks to buy. The company sells premium content and entertainment and is situated in Florida. It has a market capitalization of $75 million and generated $24 million in sales last year. The company struck an NFT agreement with Hall of Fame Resort & Entertainment last year. Following the announcement of a distinct department dedicated solely to NFTs, the company's stock price has gradually increased.

On November 22, 2021, Dolphin Entertainment, Inc. (NASDAQ:DLPN) released the Creature Chronicles: Exiled Aliens, its first NFT collection, which includes 10,000 personalized avatars portraying an ancient race of distinct animals. Dolphin Entertainment, Inc. (NASDAQ:DLPN) intends to release more NFTs in this series in order to expand and improve the fan experience. Redditors' stakes in Dolphin Entertainment, Inc. are fast-growing (NASDAQ:DLPN).

3.    DraftKings Inc.

DraftKings Inc. (NASDAQ:DKNG) is a sports betting and fantasy sports firm based in Boston, Massachusetts. Users can enter fantasy sports games with DraftKings Inc. (NASDAQ:DKNG) and win money based on the actual performance of professional players from major American leagues such as the NFL, Premier League, UEFA Champions League, and NASCAR racing, among others.

DraftKings Inc. (NASDAQ:DKNG) provides a digital marketplace dedicated to non-fungible tokens of sports luminaries like Tom Brady, Simone Biles, Tiger Woods, and Usain Bolt, in addition to sports betting. On August 11, DraftKings Inc. (NASDAQ:DKNG) released its first set of NFTs. On December 7, the firm announced the availability of NFL Players Association-licensed pro football gamified NFT collections.

DraftKings has partnered up with Autograph to release the first collection of NFTs, which features some of the sports' biggest names. Each athlete will receive a number of "Premier" and "Signature" NFTs, with the latter bearing the athletes' own unique digital signatures.

These sports-themed NFTs will only be available on DraftKings Marketplace. Only the United States and Canada have access to the DraftKings Marketplace at this time. To buy and sell NFTs on DraftKings Marketplace, you must be 18 years old and reside in one of the 50 United States or Canada.

4.    eBay Inc.

eBay Inc. (NASDAQ:EBAY) is an American multinational e-commerce corporation that uses its digital platform to facilitate B2B and B2C sales transactions. The company has a secure marketplace that lists NFTs for purchase, where buyers can discover new and underrated artists for affordable prices, and the use of crypto wallets is not required. eBay Inc. (NASDAQ:EBAY) is a top NFT pick because it has a secure marketplace that lists NFTs for purchase, where buyers can discover new and underrated artists for affordable prices, and the use of crypto wallets is not required. In May 2021, eBay Inc. (NASDAQ:EBAY) became the first eCommerce company to capitalize on the NFT craze.

eBay Inc. (NASDAQ:EBAY) issued a $0.18 per share quarterly dividend on November 29, 2021, in line with recent years. The dividend was paid on December 17 to owners who had their shares on the books on December 1st. In the third quarter of 2021, the company also outperformed market EPS and revenue expectations.

5.    Funko Inc.

Funko, Inc. (NASDAQ:FNKO) is an American firm that manufactures collectibles, vinyl figurines, bobbleheads, action figures, accessories, clothes, plush, and NFTs. Funko, Inc. (NASDAQ:FNKO) is a company that creates licensed and limited-edition goods based on pop culture phenomena.

Stephanie Wissink of Jefferies raised Funko, Inc. (NASDAQ:FNKO) from Hold to Buy with a $25 price objective, up from $21 on August 31. The analyst was "increasingly confident" in the company's medium-term growth profile of 10% or more and its business trajectory, according to the analyst. She also mentioned that the business strategy of Funko, Inc. (NASDAQ:FNKO) is "de-risked" due to property, category, and geographic concentration. The third-quarter profits per share and revenue of Funko, Inc. (NASDAQ:FNKO) also exceeded analysts' expectations.

Investing in NFT stocks can be very risky, the world still doesn't understand it and it is unregulated. This means that some Investments in this region can be very volatile. 

Note: do your due diligence before investing in any NFT stocks that are mentioned above. Investingport is not responsible for any loss or gain that may result from using the content of this post.