NFTs have experienced massive hype in 2021. In 2022, this trend continued despite a bear market for cryptocurrencies. NFTs sometimes achieve extremely high purchase prices. The NFT exchanges are constantly growing. But who indirectly benefits from the NFT hype? These NFT shares benefit from the hype surrounding digital artwork.
In this article, you will learn about the NFT stocks, which indirectly benefit from the hype surrounding NFTs and rise in price in the long run. Learn more about the companies that will be positively impacted by the massive increase in NFTs.
What are NFTs?
An NFT is a non-fungible token. These tokens are non-fungible. This means that the NFTs are not reproducible and each has a unique, digital signature. This signature is provided by blockchain. Most NFTs are based on the popular Ethereum blockchain.
However, NFTs can come at a very high price for their unique character. Especially in the art market, NFTs have become more and more popular in recent months and years. Cartoon Characters NFTs trade at extremely high prices at digital auctions.
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What are NFT shares?
When we talk about NFT stocks, we are talking about stocks in companies that benefit from the hype surrounding NFTs and the growth of ecosystems. Because the NFTs themselves cannot offer their own shares as digital works of art. We are therefore talking about stocks whose prices depend directly on the success of the NFTs.
Many of the companies listed below have been instrumental in bringing NFTs into the mainstream for years. Other companies are indirectly benefiting from the hype and the rising prices of cryptocurrencies.
How much has NFT sales increased in recent months?
If we want to see how much trade in NFTs has exploded in the last few months, we need to look at sales in 2020 and 2021 in comparison. In 2021, approximately $ 25 billion in revenue was generated from trading in NFTs.
By 2020, sales of NFTs were only around $ 100 million. This means that sales of the non-fungible tokens have increased 250 times within a year. Also in 2022, there should eventually be a massive increase in sales again.
What are important examples of NFT stocks?
The following companies are directly or indirectly affected by the NFTs and the trading of the digital tokens:
Coinbase is one of the most important and popular crypto exchanges worldwide. You can buy, run and trade NFTs on the platform.
The online marketplace eBay benefits greatly from the hype surrounding NFTs. More and more NFTs are being distributed on the platform since the hype surrounding the tokens hit the mainstream. On the platform, users can participate in auctions for digital works of art.
This is an American sports betting provider. However, you can also buy several NFTs at Draftking’s Marketplace.
Funko is a toy manufacturer from the United States. In addition to physical products, the company also offers digital products in the form of NFTs.
Cloudflare offers a content delivery network and Internet security services as services. The company also offers an NFT tool. This allows users to link content to NFTs and secure ownership rights.
The company markets entertainment and premium content services in the non-fungible token space. Among other things, Dolphin Entertainment wants to introduce an NFT sports marketplace.
Where can I buy NFT shares?
If you wish to take advantage of one or more of these NFT shares, you need a platform where you can buy the mentioned shares, to take advantage of the hype surrounding the NFTs. You can buy NFT shares on the following platforms:
eToro is an online broker where you can take advantage of a wide range of investment opportunities. The social trading platform is one of the largest and most popular brokers for private investors.
With eToro you can invest in cryptocurrencies like Bitcoin, Ethereum or Cardano in addition to investing in NFT stocks. The platform is fully licensed and extremely easy and safe to use for new investors.
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You can also buy and trade the NFT shares mentioned on the Capital.com platform. The platform continues to offer trading in CFDs, ETFs, mutual funds and equities.
Another broker where you can trade both NFT stocks and cryptocurrencies like Bitcoin is Skiling. Skiling has no fixed costs for trades and generally offers a favorable fee structure.
What is the alternative to NFT shares?
If you prefer to go straight into NFTs instead of just buying NFT shares, you can also buy your own NFT directly and in the future possibly sell it at a significantly higher price.
Take a look at our NFT guide to find out all the important information about the NFTs.
It is easiest to acquire NFTs on the specialized NFT exchanges. The largest and most well-known NFT exchange is OpenSea. Here you will find hundreds of NFT collections. This also includes extremely well-known and influential NFT collections, such as the Bord Ape Yacht Club.
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