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
Classical Collage
voronoi fun with some well known art
trump 2020
This is a photo i took of my son playing around in one of our cat carriers, redressed to express the concern and damage the continuation of the trump administration could bring to the world in 2020 and beyond. Unlike the majority of my historic work found on opensea, all content was conceived and taken by me, so felt perfect to use as my first piece on Known Origin.
Crossroad
LIMITED EDITION 1/1 | includes signed limited edition prints of all 3 states (pre-election, Trump win, Biden win) This piece is a first for Nifty, a token that will change based on the outcome of the election. If anything is constant about the times we now live in, it's uncertainty. This uncertainty is perfectly encapsulated in this piece of artwork as the person buying the piece will not know the final artwork. The artwork will be one state at auction before the election, and after the results of the election are known, will forever change to reflect a Trump or Biden win. PLEASE FUCKING NOTE: If trump wins, this token will change to that video of sexy boi king trump stomping through hell FOREVER. I don’t want you coming back to me bitching that you spent $2M* on this and now it’s a video of orangeman going HAM and it’s keeping u up at night popping mad boners. should have voted bruh. *and stfu that this isn’t gonna be worth a fuckton more when I hit 30 years of everydays and have a permanent collection in the MOMA. smh.
CryptoKitties
Hi-ya! I'm Kitty #309313. I enjoy fighting for the people, tripping my owner, and riding unicorns. When I'm not playing chess, I'm riverdancing! Maybe you and I can be partners in crime.
Traffic
Traffic explores a crossroads between the metaverse & reality through organized chaos. The complexity of this aural / visual landscape demanded over 200 hours of design time between Slimesunday & 3LAU. Every detail of this piece was built from scratch, from the reflective puddled pavement to the stabbing synthesis of the song. We think we'll be spending a lot more time in the metaverse in the future, don't you?