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Tuesday, June 21, 2022 1:16:56 PM
Could we see NFT dividend in the future?
"Put simply, NFT stocks are public companies that in one way, shape, or form are involved in the non-fungible token scene. And, for those unaware, non-fungible tokens are digital assets that operate on top of the blockchain protocol.
However, unlike traditional digital assets like Bitcoin or Ethereum, one NFT is unique from the next. And as such, this enables content creators to represent the value of a product or brand in digital format.
As a prime example, we mentioned earlier that Mcdonald’s has since released an NFT that allows token holders to own a virtual version of a McRib burger. Then you have Heineken and its Silver edition, which is a virtual beer NFT available in the Decentraland metaverse."
"The first thing to look at is how your chosen stocks are involved – or looking to get involved, with the NFT industry. At one end of the spectrum, you have platforms like Coinbase – which will enable content creators to mint their own NFTs. Coinbase will also host a marketplace that will enable buyers and sellers to trade NFTs from the comfort of home.”
"Another way to gain exposure to this industry is by investing in Cloudflare, which allows token holders to upload their NFT collections to the cloud. Ultimately, there are many angles that established companies can take to gain exposure to NFTs, so this is something to research thoroughly before proceeding.”
"Another way that you will make money from an NFT stock investment is if the firm pays dividends.”
"NFT Industry is Booming
Many market commentators argue that NFTs are nothing but a fad. However, this sentiment was also prominent many years after Bitcoin and other cryptocurrencies were first launched.
As such, if NFTs are anywhere near as successful as the digital currency industry, then this space could be huge.
And of course, stocks that are investing in NFTs right now are entering this industry early.
With that said, it should be noted that NFTs have already witnessed a huge amount of success – even though the phenomenon is still young.
For example, according to Reuters, total NFT sales in 2021 amounted to $25 billion.
This was up from just under $95 million from the prior year. As such, year-on-year growth in 2021 amounted to a remarkable 25,000%."
https://www.business2community.com/stocks/best-nft-stocks
"Be fearful when others are greedy, and greedy when others are fearful."
_Warren Buffett
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