These 4 NFT Stocks Are Worth Watching, Despite Recent Legal Questions
Yes, NFTs are facing some problems right now — but which market didn’t experience difficulties at some point in its ascent to success? There are sure to be some roses among the thorns.
Due to the freshness of the NFT market, the biggest names (such as marketplaces like OpenSea) aren’t yet publicly listed.
Therefore, the following stocks are for more established companies that have shown signs of entering the space.
The American manufacturing company Funko was founded in 1998 and made its name by selling all kinds of collectibles related to pop culture, such as figurines and licensed apparel.
Funko’s stock price has been all over the place in recent years, and it dropped from around $25.5 in May 2021 to $18.13 in February 2022. However, as the NFT narrative shifts its focus beyond art, it’s a possibility that companies like Funko could benefit.
PLBY Group (PLBY)
The name PLBY Group might not ring any bells for most people, but how about Playboy? After being known for its magazines and photoshoots for so long, it made sense for the brand to venture into the NFT space, and that’s exactly what PLBY Group has now done.
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