If you want to obtain exposure to the non-fungible token (NFT) scene, one of the greatest ways to do so is to invest in NFT stocks that are not too involved in this space.
By choosing this method, you will not be placing all of your eggs in one basket, as you would if you merely purchased an NFT and hoped for its value to rise.
In this post, we examine the ten greatest NFT stocks to consider adding to your portfolio now, as well as how you can invest with no commission.
Table of Contents
- What exactly is an NFT stock?
- How to Identify the Best NFT Stocks
- Types of NFT Exposure
- Is it a good idea to invest in NFT stocks?
- Where Can I Buy NFT Stocks?
- eToro – The Best Place to Buy NFT Stocks
- eToro evaluation
- How to Invest in NFT Stocks on eToro
- Invest on NFT stocks on eToro.
- Risks to Consider Before Investing in NFT Stocks
- No Pureplay NFT Stocks are Available.
- Penny NFT Stocks
- FAQs on the NFT Stocks
- Conclusion on NFT Stock
What exactly is an NFT stock?
Simply put, NFT equities are public corporations that are participating in the non-fungible token scene in some capacity. Non-fungible tokens, for those who are unfamiliar, are digital assets that function on top of the blockchain network.
However, unlike typical digital assets such as Bitcoin or Ethereum, each NFT is unique. As a result, content makers can now express the worth of a product or brand in digital format.
As an example, as previously said, McDonald’s has since released an NFT that enables token holders to possess a virtual replica of a McRib burger. Then there’s Heineken’s Silver edition, a virtual beer NFT available in the Decentraland metaverse.
That being said, all ten of the companies on our list of the finest NFT stocks are not only involved in this expanding industry. This means that rather than investing in pure-play businesses, you will buy stock in companies that specialize in business lines other than NFTs. That is to say, NFTs account for a very minor portion of what the stock accomplishes.
This is actually advantageous from an investment standpoint for a variety of reasons.
To begin with, by investing in some of the stocks we mentioned today, you can obtain exposure to the NFT area without being overly exposed.
This is in sharp contrast to purchasing an NFT on the open market, which is loaded with danger.
After all, you never know what will happen to the value of an NFT investment over time.
In comparison, if you were to invest in established corporations such as eBay, Heineken, or Nike, you would be investing in companies that have sound business models and are dominating in their respective industries.
As a result, the risks of investing in high-quality NFT stocks are quite low.
How to Identify the Best NFT Stocks
Choosing the best NFT stocks for your portfolio is a difficult task. Not only must you consider how the stock in issue intends to connect and engage with the NFT arena – but also how its shares rank as a feasible investment potential.
When looking for the top NFT stocks, it’s also a good idea to look at traditional investment basics like the company’s recent share performance and whether or not it has a dividend policy in place.
We go over these topics in further depth in the sections below so that you have the best opportunity of backing stocks with a good vision in this market.
Types of NFT Exposure
The first thing to consider is how your chosen stocks are involved in – or intend to get involved in – the NFT industry. On one end of the spectrum, there are services such as Coinbase, which will allow content creators to mint their own NFTs. Coinbase will also offer a marketplace where buyers and sellers may exchange NFTs from the comfort of their own homes.
Then there are companies like Heineken, McDonald’s, Mattel, and Hasbro, all of which have launched NFTs that symbolize things made by their respective companies.
Mattel, for example, has introduced a Barbie and Hot Wheels NFT series. In the example of Hasbro, the company has minted and released NFTs associated with its Power Rangers brand.
Investing in Cloudflare, which allows token holders to upload their NFT collections to the cloud, is another method to obtain exposure to this market.
- Lucky Block: The Best Overall NFT Stock to Buy Right Now
- eBay is a massive e-commerce platform that has NFT exposure.
- Draftkings: is the top NFT stock in the online sports betting industry.
- Coinbase: Most Undervalued NFT Stock for 2022
- Mattel: An Established Toy Manufacturer Seeking to Modernize Its Business Model
- Cloudflare: One of the Best-Performing NFT Stocks to Invest in
- Twitter: is a social media platform that provides NFTs with global exposure.
- Heineken, the world’s largest alcohol producer, is now offering beer NFTs.
- McDonald’s: The Global Fast Food Giant Aims to Play a Role in NFTs and the Metaverse’s Future
- Nike’s investment in RTFKT Studios demonstrates its appetite for NFTs.
Established Companies Provide Legitimacy to NFTs
The ten firms on our list of the finest NFT stocks all have market capitalizations in the billions of dollars on the NYSE or NASDAQ.
Many of the NFT stocks featured today are well-established companies that have dominated their respective industries for decades, such as McDonald’s and Nike. As a result, the global NFT space gains validity.
This can encourage more investors to enter the NFT sector, which is ultimately what the business requires to flourish in the coming years.
Is it a good idea to invest in NFT stocks?
To be clear, investing in NFT equities does not imply investing in pure-play firms. This suggests that NFTs will play a little role in the firm’s overall business goals.
Nonetheless, becoming a stakeholder in an NFT stock gives you exposure to this sector. As a result, in the sections that follow, we’ll look at whether NFT stocks are a good long-term investment for your portfolio.
Where Can I Buy NFT Stocks?
You must have an account with an online broker that lists your preferred firms in order to add the top NFT stocks to your portfolio today.
To choose where to buy stocks for this purpose, we discovered that eToro is the greatest market alternative. This is why:
eToro – The Best Place to Buy NFT Stocks
At eToro, you can easily buy and sell any of the ten firms on our list of the top NFT stocks for 2022. In reality, it should take you no more than five minutes to register a verified account, deposit funds, and purchase your preferred NFT stocks. To get started with this broker, US clients only need to deposit $10.
The best part is that there are no deposit fees for US clients. You can pay using a variety of methods, including Visa, MasterCard, Maestro, ACH, and a domestic bank wire.
Furthermore, you can fund your NFT stock purchases using e-wallets such as Paypal, Neteller, and WebMoney.
When you have funds in your freshly made eToro account, you can buy NFT stocks without paying any commissions. Furthermore, because eToro accepts fractional shares, you only need to risk $10 per NFT stock.
This will be especially useful if you want to diversify among all ten NFT stocks presented today but are on a tight budget.
eToro evaluation
What we really enjoy about eToro is that its commission-free pricing approach applies not only to equities listed in the United States but also to many other exchanges.
This comprises NFT stocks from the United Kingdom, Canada, France, Hong Kong, Germany, Amsterdam, and other countries. Importantly, unlike other US-based brokers, you will not be charged a fee to buy overseas stocks.
This is also true when investing in ETFs, which are all commission-free on the eToro platform. If you want to diversify into other emerging economies, eToro has a plethora of metaverse equities to choose from.
You can, in fact, invest in cryptocurrency tokens such as Bitcoin, Ethereum, Dogecoin, Shiba Inu, and Decentraland.
In addition to allowing you to invest in stocks, ETFs, and cryptocurrencies on your own, eToro also provide you with copy and social trading tools. The former allows you to trade passively by automatically replicating an expert investor’s portfolio.
The latter allows you to engage publicly with other eToro users, ‘Like’ messages, and even add users to your friend list.
ALSO READ: The Ultimate NFT Marketing Checklist For Yout Blockchain Project
The eToro platform’s user-friendly mobile app is another popular feature. This app, which is available on iOS and Android, allows you to purchase and sell NFT stocks while on the go.
We also enjoy that eToro is carefully regulated for your protection. For example, the broker is authorized to provide its services in the United States. It is also licensed by the FCA, ASIC, and CySEC.
How to Invest in NFT Stocks on eToro
To wrap off this guide, we’ll show you how to invest in NFT stock on eToro without paying a commission. From start to end, this walkthrough should take you no more than a few minutes.
Step 1: Sign up for an eToro account.
From the comfort of your own home, you may quickly open an eToro account. To begin, click the ‘Join Now’ button and enter your desired username and password.
Click the ‘Create Account’ button after providing your email address and agreeing to the broker’s terms and conditions.
Step 2: Insert your ID.
To complete the eToro registration procedure, you will also need to provide a copy of your government-issued document. Clients from the United States can use a passport, driver’s license, or state ID card.
Step 3: Make a deposit
You can now deposit funds into your eToro account. Clients from the United States must make a minimum deposit of $10.
Choose a debit/credit card or an e-wallet to deposit funds instantaneously. There will be no deposit fees if your chosen payment method is denominated in US dollars.
Step 4: Look for NFT Stock
If you already know the NFT stock you want to buy, simply type the company’s name into the search field.
Step 5: Purchase NFT Stock
You must now input the number of funds you want to invest in your chosen NFT stock.
Invest on NFT stocks on eToro.
This can be any number ranging from $10 to $100, as seen in the sample above.
Click ‘Open Trade’ to make your investment. The NFT equities will subsequently be added to your portfolio by eToro.
Risks to Consider Before Investing in NFT Stocks
Before you decide to invest in NFT stocks, you should think about the dangers outlined in the sections below.
1. NFTs Values are Subjective
The first danger to consider before investing in NFT stocks is that the value of non-fungible tokens is susceptible to subjective valuation.
For example, as previously stated, a handful of Bored Ape Yacht Club NFTs have since sold in the open market for more than $1 million.
Although this implies that there are people prepared to spend huge sums of money on trending NFTs, it is unknown whether such transactions will be short-lived.
No Pureplay NFT Stocks are Available.
Another aspect that we mentioned briefly before is the lack of pureplay NFT equities in the market. Although this means that you can invest in NFTs without becoming overly exposed to this specialized market, the industry is expected to become increasingly oversaturated in the future years.
Penny NFT Stocks
If you have a higher risk tolerance, you might be interested in NFT penny stocks. These are stocks with NFT exposure that trade for less than $5 per share. Penny stocks, particularly those in the unproven NFT business, can be very volatile and speculative.
As a result, you should never invest more than you can afford to lose.
FAQs on the NFT Stocks
What exactly are NFT stocks?
If you’re wondering what an NFT stock is, it’s a company that allows you to participate in the non-fungible token business using regular shares. In most situations, you’ll be investing in firms that are only speculatively investigating NFTs, so you won’t have to take on too much risk.
What is the best NFT stock to buy?
eBay was discovered to be the best overall NFT stock for 2022. Since then, the company has expanded its online marketplace to include NFT sales.
Where can I get NFT stocks?
eToro is the best online broker for purchasing NFT stocks. If you use this platform, you can buy NFT stocks for 0% commission in increments of $10 or more.
Conclusion on NFT Stock
Many established companies from a range of industries have since entered the NFT area. And by investing in such companies, you can acquire indirect and risk-averse exposure to NFTs.
Once you’ve decided on which stock NFTs to acquire, you can do it commission-free at eToro. This well-known trading platform accepts fee-free debit/credit card payments, so investing should take no more than five minutes.
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