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. 

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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
Hope
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By OthersideDeployer
Goat
Hey, who's in charge here? This collaboration between Beeple and Peter France was created using Cinema 4D, Bellus3D for the heads, Octane Render, and Adobe Photoshop.
BAPE #1206
BACKGROUND Peach TYPE Stone ape NECK Basic MOUTH Basic EYES Raph's bandanna HEAD Stringy hair EAR ACCESSORY Basic
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. I’d posted a link to a blog article I’d written a number of months previous titled ‘Who is the Creator’ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether it’s right or wrong for an artist to hire other professionals to help them realize their art projects. I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it? I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great José Delbo to ask him if he’d be interested in a very unique collaboration. I explained to him that to make this piece ‘work’ he couldn't have any say in what I produced and moreover, he wouldn’t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal. The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ‘in real time’. The dialogue between myself and my ‘hired guns’ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ‘Art’ the final animation (the creation) or is the ‘Art’ the concept/credit for the creation itself?