13/08/2021 10 NFT Startups Investors are Flocking To

In this article, we discuss the 10 NFT startups investors are flocking to. If you want to skip our detailed analysis of these stocks, go directly to the 5 NFT Startups Investors are Flocking To.

The mainstreaming of cryptocurrencies in the past two years has helped fuel a roaring trade in non-fungible tokens (NFTs) - a digital representation of real-world objects that are bought and sold online. Although around since 2017, they have started to gain more traction as online trade increases. Digital analytics firm DappRadar, which tracks NFT sales, estimates that NFT trade has raked in $2.5 billion in the first six months of 2021. This money is being funneled through NFT marketplaces like OpenSea, Axie Infinity, and CryptoPunks, among others. 

These startups are already dealing with hundreds of thousands of traders on their platforms and handling transactions worth millions. According to DappRadar, OpenSea has 214,789 traders on the platform and a volume of $1.6 billion, Axie Infinity has 363,153 traders and a volume of $1.2 billion, while CryptoPunks just 4,187 traders but a volume of over $678 million. These numbers highlight the growth potential offered by the NFT industry that is still in infancy but rapidly increasing in value in tandem with the digitization of the world at large. 

Some of the famous NFT stocks presently trading on the market include Dolphin Entertainment, Inc. (NASDAQ: DLPN), Takung Art Co., Ltd. (NYSE: TKAT), and ZK International Group Co., Ltd. (NASDAQ: ZKIN), among others discussed in detail below. Investors looking for inroads in the NFT space should explore gaming and entertainment firms dealing with NFTs, since a business in collectibles - evidenced by the sale of artworks by Beeple and Edward Snowden for $69 million and $5.4 million respectively - is booming. 

The advent of blockchain technology has upended the world of finance. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 115 percentage points. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. 

Arts

https://finance.yahoo.com/news/10-nft-startups-investors-flocking-181135081.html

Interesting NFTs
CryptoKitties
Oh hi! I'm Kitty #382689. I'm a Mad Scientist by day, and I like prank-calling celebrities by night. When my owner isn't watching, I steal their oversized sweaters and use them for litter paper. I'm not sorry. Can you make my wondrous dreams come true?
Gangnam Wanted Poster #5/25
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Nyan Cat
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Hawk and Cherry
Katsushika Hokusai (1760-1849) Hawk and Cherry 1833-1834 - Japan
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole' is the first programmable piece of art by Kitty Bast. The owner constructs, modifies & tattoos their very own Doll Lady... Is she falling down a rabbit hole, lost in a sea of cats or gazing into the unknown void? Do you like Pink Ladies or Lilac Ladies? Or do you pick the Wild Card? There's always a wild side to an innocent doll face. Is she obsessed with crypto ponies or crypto kitties? Or does she have an insatiable desire for Mr. Honey Badger. Come inside and have a nice cup of NFTea with the bunnies. Is your lady chained to the blockhain? Does your lady shed Bitcoin tears or ETH tears? Does your doll face don a Rotten Heart? Do you HODL to the Moon to meet the ETH Kitty? Do you have an obsession for cyborgs or Puddin'? Would you like a slice of Death by Pink? Is The Cat's Eye green or golden? Little trolls with mini daggers not included. The cheshire cat might trade you his ears for your goggles. Modifications of the Host. How long is forever? Sometimes, just one second.