What is the meaning of NFT and NFT stocks?

Not long ago, Christie’s, a century-old auction house, successfully auctioned a sky-high price for NFT digital artworks, which eventually sold for more than US$69 million.

What is the meaning of NFT?

The full name of NFT is Non-Fungible Token, which is a non-homogeneous token, which can be understood as a genuine authentication certificate encrypted by blockchain technology. Because of its encrypted and unique characteristics, it is currently widely used in the field of digital art. As long as it is a digital version of art, everything can be NFT, including but not limited to pictures, music, games, videos, and even a single tweet can become NFT. Jack Dorsey, the founder, and CEO of Twitter posted the first tweet "Just setting up my Twitter" on Twitter, which was only 5 English words, and the price was as high as 2.9 million US dollars.

The NFT boom is sweeping, and related concept stocks have already taken off. There are many more popular science introductions about NFT, which are not the focus of this article. At the same time, I have mentioned the topic of NFT many times before, and I believe many small partners have their own understanding. Today I mainly want to talk about how we can explore and ambush the NFT concept stocks that may skyrocket from the perspective of investment.

I summarized the NFT concept stocks that may have skyrocketing potential are mainly divided into two categories.

The first category is a company that owns the copyright or content production intellectual property rights of literature, music, games, or videos.

These companies are likely to announce that these works of art will be encrypted into NFTs and re-launched to catch up on hot spots.

This type of concept stock accounted for a large part of all rising stocks, and most of them came from the "Communication Services" sector.

The most recent example is Dolphin Entertainment (DLPN).

After the company announced today that it would enter the NFT market, its stock price rose more than 200%. There have been many other stocks that used the same pattern before.

So if we want to ambush this type of company, we first need to find a company that owns works of art and then analyzes whether it has the possibility of listing NFT.

Take the GNUS, CIDM, and LIVX companies that I have discovered.

They all have their own movies, music, or channels, and they are likely to enter the NFT field soon.

At the same time, the slight gains in these stocks also indicate that some investors have also begun to ambush this area.

The second category is companies that serve as online trading platforms for works of art (such as the China Cultural Exchange).

The most intuitive example of this category is Takung Art (TKAT), the NFT leader.

This stock has risen from more than US$1 at the beginning of this year to today's highest price of US$74, which is more than 30 times more than that. And most of the gains were completed in only two weeks.

Artists, investors, and dealers can trade and buy artworks on Takung Art's platform. In fact, this company has not yet been involved in the NFT field, but investors who purchase the company’s stock expect that the company will definitely be involved in NFT transactions in the future.

Secondly, there is Funko (FNKO) which is very popular recently among the same type of company.

Funko is an online trading platform for hand-to-do in the United States. Its hand-to-do peripherals include Disney, Marvel, Star Wars, NBA, and so on. The recent wave of breakthroughs in stock prices has contributed to the concept of NFT.

Of course, in addition to the two categories mentioned above, there are some small branches, such as network security.

Swiss network security company WISeKey International (WKEY) has previously announced that it will use NFT as digital identity verification for valuables and proof of ownership of digital assets.

Finally, in addition to the individual stocks I mentioned above, if you have any different types of research or stocks, please discuss them in the comment section and discuss them together.

Comments

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