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

4 George Soros advice to investors!

Who is George Soros? George Soros is a Hungarian-born Jewish businessman. It is one of the most influential investors in the world. In 1969, the Double Eagle Fund was established for Arnhold & S. Bleichroeder, an investment management company. In 1973, Soros and his assistant Rogers left Bleichroeder to co-found Soros Fund Management. In 1979, the well-known Quantum Fund was established and continued to make profits. In the Asian financial turmoil in 1997, George Soros sniped the Thai baht and the Hong Kong dollar, which was frightening. Learning from the experiences of successful people can benefit a lot. Here are 4 tips George Soros gave investors. First, to be successful, you must have ample free time. Most people want to be rich, but not everyone realizes the importance of free time. Many people spend a lot of time working to accumulate wealth, sleep, and forget. Set the goal to complete the work indicated by the superior, or the needs of business partners. But they hav...

XPEV stock forecast 2025: can selling software make money?

The new energy vehicle industry has a relatively high degree of attention, that is, Xiaopeng(XPEV) released its first-quarter 2021 financial report. The general performance data of XPEV are as follows: The total delivery volume reached 13,340 units, a year-on-year increase of 487.4%. Total revenue was USD 450 million, a year-on-year increase of 616.1%. Auto sales revenue was US$429 million, an increase of 655.2% year-on-year. The gross profit margin was 11.2%, compared with -4.8% and 7.4% in the same period last year and the fourth quarter of 2020, respectively. The gross profit margin of automobile sales was 10.1%, compared with -5.3% and 6.8% in the same period last year and the fourth quarter of 2020. To be honest, this data itself is not eye-catching in comparison with Weilai and ideals. Although for officials, this quarter’s financial report has ushered in two major milestones. One is that gross profit margin continues to improve and ...

PDD stock forecast 2025: 2021 Q1 financial report analysis

PDD released the financial report for the first quarter of 2021. According to the financial report, as of March 31, 2021, Pinduoduo's annual active buyers reached 823.8 million, a net increase of 195.7 million over the same period of the previous year, leading China's other domestic e-commerce platforms for the second consecutive quarter. In terms of revenue, Pinduoduo’s revenue in the first quarter was 22.167 billion yuan, a year-on-year increase of 239% from 6.541 billion yuan in the same period last year. Under non-general accounting standards, the platform’s net loss attributable to ordinary shareholders in the first quarter was RMB 1,890.3 billion, compared with a net loss of RMB 3.169 billion in the same period last year, and the net loss was significantly narrowed. PDD officially enters a new era of 800 million users The financial report shows that as of March 31, 2021, the number of active buyers on the Pinduoduo platform reached 823.8 m...

BABA stock forecast 2025: The failure of Ant Financial's IPO

Ant Financial’s IPO was canceled, causing Alibaba’s share price to fall, Alibaba has been unfavorable this year. First, the cancellation of Ant Financial's IPO indirectly caused Alibaba's stock price to fall, and now there is an antitrust investigation led by Alibaba, which caused Alibaba's stock price to plummet by 15% in a single day. From the highest point in October, the stock price of 319 dollars has fallen by as much as 30% to 222 dollars. From the perspective of K-line, Alibaba has reached the Oversold area, and it will rebound upward in the short term. From the perspective of valuation, Alibaba’s valuation is as high as US$388, which is 74% of the current share price of US$222. Value-added space, so it seems that whether it is viewed from the short-term K-line or the long-term valuation, now is a good time to buy the bottom of Alibaba. Before investing, I will analyze and analyze the root cause of the disadvantage of Alibaba this time, because if this problem is not...

3 Chinese technology stocks forecast 2025: JD PDD and BZUN

Forget Alibaba（BABA)! These 3 Chinese technology stocks are more worth buying 　　 Hello everyone, Alibaba is China's largest e-commerce and cloud company. From January to late May, Alibaba's market value has shrunk by nearly 10%, lagging behind many peers. Antitrust investigations in China, stricter auditing standards in the United States, and funding from growth stocks to value stocks have all dragged down Alibaba's stock price. 　　 Alibaba’s stock is trading at an expected price-to-earnings ratio of 18 times, which may seem cheap, but analysts still expect Alibaba’s earnings to fall by 3% this year because it has absorbed a record US$2.75 billion in antitrust fines. It also needs to stop exclusive deals with big brands, which may weaken the company's defenses against smaller e-commerce markets. 　　 But this is not all. Alibaba may be forced to divest media assets and share user data with the government, and the group's financial technology su...

Tesla(TSLA) stock forecast 2025: Ark Invest's valuation model

Ark Invest’s underlying logic and news about the latest Tesla ( TSLA ) valuation Let’s take a look at how Ark Invest’s Cathie Wood views the stock market that is currently rotating. Ark Invest’s underlying logic and news about the latest Tesla ( TSLA ) valuation. Ark Invest's underlying logic, Next is what Cathie Wood said in an interview with Bloomberg. "We have been paying attention to the fluctuation of stock prices, but our investment period is 5 years. When we experience a callback like this, the fund sector rotates very fast. I am very happy that the bull market is now expanding to other types of stocks. In 2016 At the end of the year, the share price of value stocks took off, and they were far away from growth stocks. Whenever I saw such a signal, I would say: Very good! This shows that the funds of the bull market are spreading to other stocks. This is good news. Over time, we have concentrated on investing in stocks that are particularly promising in our portfolio. Th...

My long-term stock market trading strategy!

trading strategy As a stock market investor, everyone has an investment trading strategy. Through my many years of investment experience, I have tried different investment strategies, used different investment tools, and concluded my own set of investment strategies. This is a long-term investment strategy, not a short-term one. For ordinary investors, how to cope with the big ups and downs of the stock market, and by sharing my investment trading strategy, I hope that it can help investors and enable the asset portfolio to add value steadily. First, when the stock market is at different stages, I will use different coping methods. There are usually three stages in the stock market, and I generally use three different approaches. First, the stock market is in a rising phase. I usually do not use leveraged instruments or make financial loans to trade. Although leveraged trading can make quick and large profits, it can also make quick and large losses. When trading wi...

FinanceLinkway

Search This Blog