Top NFT stocks to watch

NFT Stocks for 2022

It has been a rollercoaster of a year for crypto. The NFT sector boomed in the first half of 2021, but then slumped throughout the summer. Following the developments that have transpired during the course of the year, many investors are confused about what to anticipate next. For those of you keen on knowing which blockchain and NFT stocks to buy, read on:

1. Entering the NFT market can be a difficult proposition for those who have limited knowledge regarding how to mint an NFT. However, Shopify resolved this issue by allowing NFTs to be sold directly via Shopify storefronts that merchants own. With Flow and Ethereum as the current NFT options, Shopify aims to expand its NFT offerings to include more blockchains going forward.

As a result of the pandemic, Shopify’s revenues and stock prices have risen considerably. A fulfillment network and worldwide expansion are also part of the company’s strategy, which are believed to be key drivers for the company’s future growth and keep it amongst one of the biggest NFT stocks to watch.

2. Most of us are familiar with Mattel as a corporation that manufactures and distributes famous toys such as Barbie. But this ever-evolving firm is now foraying into the realm of non-traditional toys by offering for sale its first digital art incorporating its Hot Wheels cars. 

As one of the first big toy companies to join the NFT stocks arena, Mattel has announced that it would be holding NFT auctions for its other toy brands in the coming months. According to a statement from Mattel, the business is developing a new method for innovation and creativity to merge in the toy sector and will continue to express its brands in the NFT format.
Aside from maintaining its iconic brands, Mattel recently exceeded market expectations in terms of earnings per share and revenue, indicating that the firm is an excellent investment for long-term growth.

3. Defiance’s NFTZ debuted in October 2021, joining a group of first-mover ETFs that includes the first 5G ETF, which has over £1.2bn in AUM.

  As an ETF, rather than a stock, NFTZ allows you to diversify your portfolio by investing in a variety of blockchain-related businesses rather than concentrating your efforts on a single firm.  A net asset value is derived from an index of publicly listed firms with relevant exposure to NFT, blockchain, and cryptocurrency ecosystems. You may buy and sell it just like a stock. 

NFTZ can be referred to as a meta ETF or a metaverse stock due to its broad reach over the entire blockchain ecosystem. It is perfectly placed to profit from the rapid expansion of a sector that has shown great potential. It encourages an investing approach that seeks exposure to this industry while minimizing the risk of individual stock purchasing.

4. This summer, gaming firm Sega Sammy launched NFTs based on intellectual property from some of its best-known titles. Digital collectibles were created by Sega Sammy and the Canadian start-up Double Jump, which produces NFTs and blockchain games. For now, no specific information has been released, but experts anticipate that NFTs will be included by the firm into its popular games in the future. NFTs have the potential to revolutionize the gaming industry, making this as one of the NFT stocks to keep an eye on.

5. This year, Robinhood made headlines mostly as a result of the GameStop controversy, which diverted attention away from the reality that the popular trading platform is doubling down on cryptocurrencies. The fact of the matter is that cryptocurrency trading accounted for more than half of Robinhood’s transaction-based income in Q2 2021. As part of its current rollout, the firm will enable users to utilise a crypto wallet that will allow consumers to securely store digital money, perform cryptocurrency transactions via the app’s interface, and purchase/sell NFTs on markets such as OpenSea. Keeping in view Robinhood’s prominence in the stock market, the firm is more than likely to perform well in the cryptocurrency arena too.

We hope you found this article on NFT stocks helpful. If you want to track the performance of your favorite symbols, create a watchlist here. And don’t forget to follow our Youtube channel to view useful investing videos.

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