If you seek to invest in NFT stocks and don’t know which ones to buy, look no further. Here’s a list of the best NFT stocks to buy – these are the NFTs that have generally been well-received by the community this year.
Of course, the list doesn’t cover all of the NFTs available, but it will give you a good start when making your investment decision.
Best NFT Stocks to Buy
NFTs have been a hot topic, and Wall Street has been slowly waking up to its potential in recent times.
The recent geometric rise of NFT-related stocks is an excellent example of this. Many NFTs stocks have soared in recent weeks due to their relationship with blockchain technology and NFTs.
WISeKey, a company that specializes in digital security and identification solutions (including blockchain), cybersecurity, and the internet of things (IoT), is the most recent addition to this list . On March 25, 2022, WISeKey’s shares jumped over 47% when the company announced the debut of the first-ever self-sovereign identity blockchain platform powered by Intel.
2. Dolphin Entertainment
Dolphin Entertainment is a company that specializes in marketing and entertainment. The company creates film, television, and digital content collaborating with independent studios, advertising agencies, and brands. Commercials, branded entertainment, short-form videos, and long-form scripted shows are all examples.
In addition to its full-service agency 42West, Dolphin bought Portion, an NFT platform, in March 2021. Shares of Dolphin stock were trading around $6 before the company announced its Portion purchase on March 24, 2022. After that announcement sent it up 40%, shares have continued rising and are now above $11 apiece.
3. Oriental Culture
Oriental Culture is a Hong Kong-based company that owns and operates the Oriental Culture Gallery. It also has a diverse portfolio of art and antiques, including traditional Chinese paintings, calligraphy, and antiques. The company’s stock jumped more than 20% on November 16, 2020, and traded near $60 on November 17, 2020.
On October 30, 2020, Oriental Culture reported fiscal first-quarter results that exceeded analyst expectations. The company posted non-GAAP EPS of $2.81 per share on revenue of $1.3 billion — the latter of which rose nearly 15% year-over-year and was roughly in line with estimates.
Cinedigm Digital Cinema saw its stock take a big hit in early March, falling more than 70% to lows near $1.40. However, the company has since rallied and is now trading around $2.50, so the price may be more reflective of the actual business value of the company.
The content is distributed both physically and digitally, but the firm’s digital distribution aspect sets it apart from the competition. CONTV is the company’s software platform, which enables digital downloads to be viewed on any device, including smartphones, tablets, PCs, and even televisions.
5. PLBY Group
PLBY Group is one of the fastest-growing companies in the NFT industry. Formerly known as Public Media Group, Inc., the company changed its name and ticker symbol to reflect its new primary focus on NFTs.
The stock has dropped 11% in the last year, despite the company has increased sales by 1% in the prior five years. It also has a year-over-year increase in earnings of 188 percent. However, it has a high P/E ratio of 3,902, implying that investors are paying $3,902 for a dollar of earnings generated.
6. Fortress Investment Group
The company’s primary purpose is the management of alternative asset classes like private equity, real estate, and credit funds. The company handles over $40 billion in assets. Over the past year, Fortress Investment Group has seen its stock price rise by over 30%.
In February of this year, Fortress Investment Group saw its shares rise by over 2% as reports surfaced that SoftBank Group was looking to acquire the firm. SoftBank has been all-in on alternative asset classes for an extended period now. It has already received similar firms like Arm Holdings, Boston Dynamics, and WeWork.
7. ZK International
ZK International (ZKIN) is not the first company to come to mind when thinking of nonfungible tokens. However, that’s exactly what ZKIN has engineered. The company recently unveiled a new blockchain-based authentication system for its water transmission products.
The technology was developed by ZK Labs and based on the Ethereum network. Using a custom smart contract, the system generates a unique digital certificate for each filter that serves as its digital fingerprint. According to the news release, the nonfungible token is stored on the Ethereum ledger, allowing a product’s authenticity to be verified without physical inspection or third-party verification.
Funko is a company that specializes in creating and distributing vinyl figures, also known as “Funko Pops.” Funko has done an excellent job of diversifying its product line with products that appeal to many collectors. Some of the best Funko Pops to buy include The Godfather Pop (Which features Michael Corleone, played by Al Pacino, from the movie “The Godfather”) and Game of Thrones.
If you’re looking for a cloud NFT stock to buy, Cloudflare is a great option. The company provides various services to help businesses move to the cloud, including content delivery, security, and performance optimization.
Cloudflare has seen tremendous growth in recent years, and its stock has followed suit. The company’s revenue doubled in 2021, and its stock has been up more than 400% since its public debut in September of 2020.
Cloudflare’s services are in high demand, and the company is well-positioned to continue its rapid growth. The NFT stock is a bit pricey, but Cloudflare is a cloud stock that’s worth buying.
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