NFT Stock List 2023: What You Should Know As An Investor

Investors continue to show increased interest in NFTs, as companies with possible ties to cryptocurrencies see significant volatility in their stocks. There are currently a variety of companies dabbling in the NFT space for traders to invest in. This includes companies that operate marketplaces, sell NFT collections, and more. There are many popular NFT stocks recently, but which stock is more attractive for investment?

What Is NFT？

NFT is the abbreviation of Non-Fungible Tokens, which means non-fungible tokens, which are relative to interchangeable tokens. What are fungible tokens? For example, tokens such as BTC and ETH are homogeneous tokens, so they are interchangeable with each other, that is to say, your ETH and mine are essentially the same and have the same attributes or price. Non-homogeneous tokens (NFTs) are also a type of digital cryptocurrency. Each token can represent a unique digital material, such as a picture, audio file, video, game, or even a social post and any other digital form of creative work. In the past, digital files that were stored separately could be easily copied, but now NFTs can provide proof of ownership. So in simple terms, NFT can be used as a "digital form of art preservation".

What Is An NFT Stock?

Stocks in companies that deal in NFTs are referred to as NFT stocks. This is a common strategy for getting a foot in the door of the NFT industry. While NFT company stocks are still scarce, more and more businesses are venturing into the space. The greatest NFT stocks could be offered by businesses that sell their own NFT products or those who sell the infrastructure used to run the NFT market. Because the same underlying technology that supports the ETH blockchain also supports the NFT industry, any stock market listing for NFTs will have tight ties to the cryptocurrency market because of the dynamic nature of both.

How to Buy NFT Stocks?

Like regular stocks, you can buy NFT stocks directly from stock exchanges like NASDAQ and NYSE. Or, if you're new to trading, retail trading apps like TOPONE Markets are a great place to start. Although NFT stocks are not based on the blockchain, their value is often determined by the NFT market. As a volatile asset, you must be very careful when making investment decisions. 

What Are The Types of NFT?

Digital Artwork

Digital artwork usually refers to digital original works created and sold on the blockchain, including digital photos, renderings, digital graphics, advertising designs, videos, and 3D graphics. Digital artwork can be turned into NFT, and its ownership changes and sales can be easily tracked and verified, allowing collectors to easily trade. Although the image of NFT can be copied, the verification function of NFT endows the original work with higher value. For example, while anyone can extract and store images of Beeple's $69 million artwork, only one version can be verified as the original NFT. Just like the artist's own original work, although there may be many copies in the market, the original painting must always be the most valuable (if it can be verified).

Games And Metaverse Virtual Goods

Games and metaverse virtual goods, simply put, are virtual goods acquired or used by players in online games and metaverses, such as weapons and accessories. After forging their virtual goods into NFTs, players can easily exchange items with other players outside the game. In the Metaverse, NFT can also represent all the items that exist in the virtual world such as land, vehicles, and yachts. Theoretically, items from games or virtual worlds can be used between different games or virtual worlds if they are created on the same blockchain.

Profile Avatar

A profile picture is the digitized photo you use to represent your online identity, including the profile picture you use on social media or in games. Generally, there will be a limited number of "personal avatar" NFT items, for example, 10,000 is a very common quantity limit. But each NFT avatar in this project will be made up of a series of random "characteristics" that make them unique. Well-known personal avatar types NFT, including CryptoPunks, Bored Ape Yacht Club, LazyLions and Cool Cats, etc.

Why Should We Invest in NFTs？

The Uniqueness of NFTs

NFTs are valuable digital assets primarily because they cannot be copied. Think of NFT art as similar to Monet's paintings and other highly specific items that collectors and investors want as part of their portfolios. Also, NFTs look cool and are more attractive.

NFTs As A Modern Form of Digital Art

Its value has the potential to grow exponentially as society rapidly transitions to a digital lifestyle. While most NFTs won't sell for millions of dollars, some will sell for tens of millions. NFTs that you buy for hundreds or thousands of dollars can increase in value exponentially over time.

NFTs Are Not Limited to Digital Artworks

NFTs also include tweets, songs, GIFs, domain names, articles and even in-game transactions. The scarcity of these digital items is part of their appeal. NFT cannot be copied, which means it is scarce. The rarity of the NFT is even more intriguing, and it could be worth a lot of money. The fact that only one owner can claim ownership of an NFT makes it even more scarce. NFT can promote more transactions, incentives and participation of creators, and wider dissemination will even promote new types and creations built on owned projects.

Best NFT Stock List For 2023

There are no active pure NFT stocks in the market. This means that when you invest in NFT stocks, you will be buying stocks of companies involved in other lines of business.

1. Dolphin Entertainment Inc. (NASDAQ: DLPN)

As early as August 3, 2021, the encrypted trading platform FTX announced a partnership with the entertainment company Dolphin Entertainment to jointly launch a new NFT trading market. Dolphin Digital Studios is also the NFT department, responsible for combining the fields of film, television, music, games, catering and other fields involved in Dolphin Entertainment's subsidiaries with NFT. Bill O'Dowd, CEO of Dolphin Entertainment, believes that NFT has been developed so far, and the user experience is also a bit clumsy. This cooperation can integrate wallets and products to provide a complete user experience. In the future, consumers will be able to pay with cryptocurrencies, credit cards, and even traditional legal tender.

2. PLBY Group Inc. (NASDAQ: PLBY)

PLBY Group is a leisure, lifestyle and entertainment company and owner of the Playboy brand. Back in April 2021, PLBY announced a partnership with Nifty Gateway, a comprehensive platform under Gemini for buying, selling and storing collectibles and digital art. The partnership will see the Playboy brand collaborate on a range of digital art using blockchain technology on the Nifty Gateway platform. Kohn said the Playboy-themed NFT could effectively cross-sell the company's physical products with digital artwork.

3. eBay Inc. (NASDAQ:EBAY)

eBay announced that it has acquired KnownOrigin, an NFT trading platform. The specific amount and terms have not yet been disclosed. It is reported that KnownOrigin was established in Manchester, England in 2018. The platform supports artists and collectors to create, buy and resell NFT through blockchain-supported transactions. Additionally, eBay acquired Known Origins' entire company, including IP and team. The acquisition aims to combine eBay's reach with Known Origins technology to empower a new generation of NFT creators, sellers and buyers. Recently, U.S. Trademark Office trademark registration attorney Mike Kondoudis stated on Twitter that the e-commerce giant eBay submitted trademark applications involving NFT, NFT transactions, NFT and virtual goods markets. The huge potential of the NFT market has attracted traditional giants such as eBay. Moreover, Known Origins community culture of artists (sellers) and collectors (buyers) also fits eBay's original C2C e-commerce model.

4. Funko Inc (NASDAQ: FNKO)

Funko is a pop culture consumer goods company located in Everett, Washington, USA. Founded in 1998, it launched POP for the first time at San Diego Comic Con in 2010! The series of dolls were successful, and the company was listed on the NASDAQ stock exchange in 2017. Subsequently, the company further expanded the IP derivative market and launched new products such as luggage and board games. Incubate its own IP and develop overseas markets mainly in Europe. It also fosters the enthusiasm of collectors by building communities, including regular meetups and online communication through social networking sites.

From the perspective of different brand categories, Funko’s business is divided into three parts: trendy toys (dolls), loungefly (trend clothing) and others (games, NFT, etc.). Funko is more active in the field of digital collections. From early August 2022 to the present, Funko has launched a total of seven new NFT products. The linked IPs include Avatar Legends, Power Rangers, DC Heroes, Looney Tunes animation series, Game of Thrones, and horror characters under Warner Bros., etc. At present, Funko's business has covered trendy games, movies, TV, music, sports, animation, animation, stars, games and other fields. And continue to accelerate the breakthrough and innovation of diversified layout, and build up strength to achieve the sales target of 2 billion US dollars in 2026.

5. ZK International Group Co. Ltd. (NASDAQ: ZKIN)

Zhengkang International Group Co., Ltd. is a holding company engaged in the manufacture, research, development and sale of stainless steel pipe and carbon steel pipe products through its subsidiaries. Established on May 13, 2015, headquartered in Wenzhou, China. On March 15, 2021, the company announced that its subsidiary xSigma Corporation has teamed up with a blockchain R&D laboratory to jointly develop a new NFT trading platform. The company noted that the NFT market will reach $1.3 billion by 2021. The new platform being developed by the xSigma team will allow users in the community to freely buy and sell NFTs, and users can create custom NFTs with just a few mouse clicks. In addition, xSigma plans to run multiple blockchain technologies such as Ethereum and Polkadot on the new platform.

6. DraftKings (NASDAQ:DKNG)

DraftKings is a digital sports entertainment and gaming company headquartered in Boston. DraftKings is the official daily fantasy partner of the NFL, MLB, NASCAR, PGA TOUR and UFC. As well as the authorized gaming operator of the NBA and MLB, the official sports betting partner of the NFL, the official betting operator of the PGA TOUR, and the official betting operator of the UFC. Its DraftKings Marketplace, launching in August 2021, is a digital collectibles ecosystem designed for mainstream accessibility, offering curated NFT airdrops and supporting secondary market transactions. Recently, American fantasy sports competition and gaming company Draftkings announced the company’s first in-house digital collectibles campaign, called the “Primetime NFT Collection.” Draftkings' first NFT series will be the "College Basketball Series 2022," launching in unison with the single-elimination college basketball tournament known as the NCAA "March Madness."

7. Mattel Inc. (NASDAQ: MAT)

Mattel, the inventor of Barbie, is an American multinational toy manufacturing company founded in 1945 and headquartered in El Segundo, California. It is the largest toy company in the world and is in a leading position in the design, production and sales of children's products.

Legacy toymaker Mattel is responsible for the IP and production of iconic toy companies like Hot Wheels and Barbie. You may have heard that NFTs for these toys, especially the Hot Wheels NFT, have been a hit on WAX. According to a new announcement from Mattel last week, the company is building a dedicated NFT platform as part of its larger non-traditional toy venture arm.

8. NVIDIA Corporation (NASDAQ: NVDA）

As a company that developed game graphics cards, Nvidia first took advantage of AI and became an artificial intelligence company; then Bitcoin ignited the virtual currency market, and its graphics cards were widely used in virtual currency "mining"; With the rise of the automobile industry, its car-machine chip business is also growing rapidly.

One of the ways Nvidia’s getting involved with NFTs is through deals with four NFT marketplaces. TurboSquid by Shutterstock, CGTrader, Sketchfab and Twinbru will all feature their marketplace content in Nvidia’s own software suite. 

9. Nike Inc. (NYSE: NKE)

NIKE is a world-renowned sports brand headquartered in Portland, Oregon, USA. Nike is the world's largest seller of athletic shoes and apparel, producing sporting goods including apparel, footwear, sports equipment, and more. As a cyclical consumer products company, the relative popularity of various sports and fitness activities and changing design trends affect the demand for products of various enterprises. Nike's athletic footwear, apparel, and equipment industry is highly competitive in the U.S. and globally, but there are still many large players in the industry competing internationally, such as Adidas, PUMA, Dex Outdoors, Skechers, and many more.

With the acquisition of NFT and digital clothing startup RTFKT at the end of 2021, Nike became one of the biggest fashion industry players in the Web3 space, and we have already seen that the clothing giant is gradually bringing its own brand into the field. Nike has already used blockchain technology to solve some real-world problems. It successfully prevents counterfeiting of products through verifiable on-chain NFTs and complements its current business model. The company is about to launch a .swoosh. .swoosh, a pioneering Web3 platform for users to engage, learn, collect, and even help co-create virtual clothing and shoes. Creators can earn royalties on their virtual creations on the independent .swoosh platform, and they can even see some of their designs become physical products. The .swoosh project is reminiscent of Nike campaigns, complemented by NFT technology and incentivized through on-chain royalties.

10. Visa Inc. (NASDAQ: V)

VISA, also translated as Visa, is a credit card brand, operated and managed by Visa International Organization located in San Francisco, California, USA. VISA cards were issued in 1976. Visa provides its financial institution customers with a rich credit card product platform, which can meet various payment needs from new credit card customers to high-end consumers, as well as large institutions. Recently, the FIFA World Cup sponsor, credit card brand Visa and cryptocurrency exchange Crypto.com launched a digital art NFT, which reproduced the classic goals of five stars in previous World Cups. And from November 19, 2022 to December 18, 2022, it will provide fans with an interactive LED stadium experience in Doha, Qatar. Visa released these five NFTs on Crypto.com on November 8, and announced that all auction proceeds will be donated to the British charity Street Child United. Each winning bidder will receive the winning NFT in their Crypto.com wallet, as well as a printable art version featuring a commemorative drawing of the star corresponding to the NFT.

Best NFT Stock List: Conclusion

That concludes this article on NFT stocks. This is by no means a comprehensive list of NFT stocks, but it does show that well-known companies like eBay are increasingly being classified as NFTs while adopting new technologies and strategies. There hasn’t been a huge explosion of NFT-focused businesses to date, so it’s easy to identify leaders in the space. As if the expansion potential of the sector wasn't enough, NFT stocks also offer great diversification benefits. For example, owning a stake in eBay is like owning a stake in more than just a company involving NFTs.

However, in this article, we have mentioned a few top NFT stocks that you can buy now or consider buying in 2023. On the other hand, many established companies from various industries have entered the NFT field. By investing in such companies, you can gain some exposure to NFT stocks.