Non-Fungible Tokens (NFT) have become a major part of the crypto industry, with retail and corporate investors showing much interest. Like any cryptocurrencies however, there are inherent risks in investing in NFTs that you may be aware of.
This doesn’t mean that investing in NFTs is a bad idea though. Many investors have reaped the benefits of investing in the industry, and you too can reap such benefits even now. But how can you do that without suffering the risks of the industry? Stocks!
Just like there are mainstream stocks and there are cryptocurrency stocks, there are also NFT stocks that you can buy and make profits while avoiding the responsibility of buying and managing the NFTs yourself.
In this guide, we list some of the best NFT stocks you can buy in 2023 to also reap from the bounty of this booming industry. The following are the stocks you can buy today and start earning.
Defiance NFT ETF (NFTZ)
This is the first ETF focused on NFTs, launched in 2021 by Defiance, a Web 3 & Crypto focused investment firm. It offers exposure to NFTs, blockchains, and cryptocurrencies. The firm invests in NFT marketplaces, NFT issuers like Coinbase, Playboy, crypto, and blockchain to make money for its investors.
The ETF is known as BITA NFT and Blockchain Select Index, and tracks the performance of companies’ portfolios with exposure to NFTs, blockchain, and crypto. As at 2021, it had a net asset of $11.50 million. You can buy the stocks of this ETF to start profiting from the world of NFTs.
Ebay Inc.
You probably know Ebay as an online store where you can buy or sell anything. What you may not know is that the company also allows investors to trade NFTs. traders can trade NFTs based on cards, images, videos, artwork, and other things.
In the future, the company intends to allow its customers to sell and pay for goods and services using cryptocurrencies. If you’re interested in NFTs and are already a user of Ebay, this is a good way for you to start using the platform to trade NFTs. Ebay stocks therefore give you exposure to NFTs and you can buy them to start investing in NFTs.
Coinbase is a household name for anyone who is interested in cryptocurrencies. It is one of the world’s biggest crypto exchanges, and the first to go public. Coinbase launched an NFT marketplace recently, thus facilitating acquisition and trading of NFTs.
The marketplace is currently only available in the US, but the company intends to expand its reach to other countries soon. If you’re based in the US then you can start using it right away to trade your NFTs.
Buying Coinbase stocks will give you exposure to NFTs and you can be sure that you’ll profit if the NFT space continues to grow.
Takung Art
Takung Art trades on NYSE as TKAT. The company is an online trading platform that allows collectors and investors to trade Asian and other forms of art. Arts traded include paintings, precious gems, calligraphies, jewelry, and paintings.
The company plans to launch an NFT marketplace this quarter, thus exposing its investors to NFTs. It will also provide blockchain-based consulting services to companies involved in releasing NFTs, giving significant exposure to NFTs for those buying its stocks.
CurrencyWorks
CurrencyWorks helps other companies to develop and integrate blockchain technologies into their businesses. Of course, it also operates the CurrencyWorks NFT platform for feature films. The stocks trade as CWRK.
It offers film NFTs from renowned artists, rare collections, and behind-the-scenes footage. It also has a Motoclub NFT for exclusive automotive collectibles featuring cars or vehicles owned by renowned limelights or rare ones. This company therefore provides investors with great exposure to NFTs when they buy their stocks.
Conclusion
NFT stocks provide you access to NFTs while ensuring you don’t get exposed directly to the wild world of cryptocurrencies. You can leverage them today to start earning from the industry.
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