There are so many reasons why you should start investing in NFT Stocks today. In this post, I’ll give you a complete guide to get started.
Non-fungible tokens have been around for a very long time, but not everybody is interested in knowing how to invest in NFT.
However, NFTs didn’t really explode and go viral until March of 2021, when a number of celebrity artists, musicians, and athletes began to create and sell NFTs tied to works they had made or personalized.
What are NFT Stocks?
NFT stocks are stock of unique piece of artwork, video clips and any creative content that can be traded digitally. They are normally in the form of a token that are associated with the particular work of art and can only be obtained and exchanged online.
What You Need to Know About Investing in NFT Stocks?
Investing in NFT stocks requires you to open an account, connect it to a market place and make a purchase. You can follow the following steps to create your personal account.
• Open an NFT Market Place Account
This entails you creating a digital wallet of your choice, which will serve as a platform for you to trade on various NFT Stocks. This account will enable you participate in the NFT market and also invest on NFT Stocks.
• Create a Digital Wallet
A digital wallet helps to hold your cryptocurrency. You need a digital wallet that supports and permits the trade and investment of NFTs. This wallet must be able to co-exist with the NFT Market place.
• Fund Your Account
To participate in trading NFTs. You need to fund your account and purchase a reasonable sum of ethereum which will enable you participate and trade in the NFT Market place.
• Buy Your NFT
Once your wallet is funded and is active, you will be ready to buy NFTs. You need to submit a bid which will contain the amount of the token you want to purchase. The sale will a automatically go through if your bid price falls as the highest.
Apart from creating your account, you need to buy a suitable stock that will earn you some benefit. Some of the best stock around include:
The Best NFT Stocks to Invest In
Below are the best NFT stocks which you should consider to invest in.
This company is popularly known for making sportswear for many athletes and sporting teams. It makes, design and sell different footwear.
The company made its break in the NFT world in December, 2019, when it secured a patent for cryptokicks. Nike is making a serious move in the market by its new edition ” Snicker Breeding” which is within the NFTs.
These will give consumers the sole right to it’s reproduction. NFT sneakers is gaining serious recognition and is seen as a good stock to buy.
The reputation of the company is another catalyst for it success and makes it among the best NFT stocks to buy.
• Liquid Media Group
This is a business solution providing company that helps creators to take professional TV videos and gaming videos from mere inception to monetization.
It has announced the introduction of its own NFT line known as Red carpet NFTs and it’s own platform, NFTainment.
This platform will help fans to buy, sell and discuss NFTs as well as get motivation on upcoming NFT.
Wisekey traditionally functions as a cybersecurity company and their expertise could go a long way into developing systems for secure high-value NFTs.
WISeKey sold NFTs back in March with its own proprietary security protocols installed. This was to demonstrate the ability of the company to protect digital assets. It is well known for its high security.
Is There a Way to Buy NFT Stocks?
Purchasing an NFT stock entails you having some amount of ethereum which will be exchanged for the amount of NFTs you intend on purchasing.
The best way to buy NFT stocks is through the NFT marketplace. Some of the best platforms include :
This is one of the world’s largest digital marketplace for crypto collectibles and non-fungible tokens where one can buy, sell, and discover exclusive digital assets like Axies, CryptoKitties, and more.
Treasureland is a multi-chain NFT issuance and trading platform, enabling users to mint NFTs within one click and conveniently buy, sell or auction NFTs.
They have long-term cooperation with some well-known companies around the world to promote the development and growth of the NFT ecosystem.
Rarible is a software that allows digital artists and creators to issue and sell custom crypto assets that represent ownership in their digital work.
It is both a marketplace for those assets, as well as a distribution network built on Ethereum that enables their trade without a middleman.
I hope this article will help guide you on how to invest in NFT Stokes and the best platform to use. For your views and recommendation, kindly hit the comment section.