These are the top 10 NFT stocks of the moment

Consider investing in NFT stocks if you like the idea of buying NFTs but don't want to buy individual tokens. Stocks in companies that manufacture, trade, or develop NFTs can be purchased, but not shares of NFTs themselves. Ten of the best NFT stocks to consider investing in right now are listed below.

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1. Dolphin Entertainment (DLPN)

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The company specializes in entertainment marketing and premium content development. Shore Fire Media, The Door, 42West, and The Door are some of its subsidiaries.

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Since its flagship collection, Creature Chronicles, completely sold out in under two hours after its launch, it's worth considering if you're interested in NFTs.

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According to the company's third-quarter report, revenue increased year over year. As of February 10, the company's share price had risen more than 300% over its initial $2.10 price despite losing money the quarter before due to the collapse of FTX. Dolphin is expected to become profitable in 2023, according to analysts.

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2. eBay (EBAY)

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A household name like eBay makes the list of the most well-known brands. The company's expertise in e-commerce makes it a relevant investment option.

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Since May 2021, NFTs have been available on eBay. As part of the deal, eBay acquired KnownOrigin, a leading NFT marketplace, which could help the company become a top NFT marketplace.

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Furthermore, eBay cultivates its own exclusive NFTs. An example is a canvas created in collaboration with Oregon Ducks football player Kayvon Thibodeaux.

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Some analysts attribute sluggish stock prices to consumers returning to pre-pandemic shopping habits, despite the consensus "buy" reported by Trade Algo, which included eBay on its stock watchlist for 2023, reported eBay had recently implemented authenticity guarantees as well as changes in payments and advertising.

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3. Cloudflare (NET)

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Despite the fact that this streaming service isn't an NFT company, it might be a good investment. Software-as-a-Service is a $152 billion industry and a leader in web performance and security.

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Video creators who store their videos on Cloudflare Stream can connect the token IDs and contact addresses associated with their work with NFTs created on a platform like OpenSea. Recent large customer acquisitions have been strong for the company. With Q1 sales and earnings estimates exceeding analysts' expectations, the company is off to a strong start in 2023.

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4. McDonald’s (MCD)

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On February 20, McDonald's submitted 10 trademark applications for approval, making it one of the first companies people think of when they consider "NFT stock."

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In addition to virtual and physical products, McDonald's wants to provide entertainment services such as online concerts as well as downloads of multimedia files, videos, and NFTs.

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McDonald's is a dividend aristocrat and solid blue-chip stock aside from its involvement in NFTs and the metaverse. In this roundup, it serves as a good balance to some of the riskier stocks.

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5. Mattel Inc. (MAT)

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With 77 years of producing iconic toys under brands like Barbie, Hot Wheels, and Fisher-Price, Mattel was ideally positioned to expand into NFTs. Earlier this month, Mattel Creations, the company's direct-to-consumer and collector platform launched an NFT marketplace.

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In December 2022, Hot Wheels NFT Garage Series 4 was released. A number of new collections have been released throughout January, including Monster High and Masters of the Universe. The Mattel Creations Digital Collectibles Marketplace does not require consumers to be crypto-savvy to purchase NFTs. Mattel's peer-to-peer platform will enable collectors to trade their NFTs this year.

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A P/E ratio of 12.38 and a 12-month price target of $18.31 make Mattel stock an excellent value right now.

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6. Nvidia (NVDA)

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In addition to its graphics, networking, and data solutions, Nvidia is also building a reputation in the NFT industry. At last year's SIGGRAPH convention, Nvidia announced that it was developing a number of metaverse projects, including neural graphics, a cloud-based avatar engine, and a new version of its Omniverse platform with a Pixar Animation Studios-developed framework for creating and launching metaverse applications.

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There are also Nvidia's PhysX physics simulation technology and RTX Renderer components in the Omniverse. Individual creators can use the free version. These creators can sell their 3D work on several marketplaces with Nvidia, Reuters reports.

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7. Funko (FNKO)

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A popular feature of the brand's toys is their big heads and trendy characters. Several designs have already become highly sought after and are resold for hundreds, if not thousands of dollars. A new NFT art series has been introduced by the company. Some packs of art include a coin for a physical toy, and others begin at $10.

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Following Funko's downward revision to earnings-per-share guidance for the full year, some investment firms downgraded their recommendations. Since the decline, analysts who remain optimistic about the stock believe that it is undervalued. The stock could reward investors who buy now and hold it if they're right. Trade Algo estimates that the stock will trade at $12.63 in one year from its current price of $10.33.

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8. Shopify (SHOP)

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Consumers are empowered to buy and sell through this e-commerce platform.

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NFTs can be sold from Shopify stores through a beta program that the company is testing. Nevertheless, Shopify seems destined to remain the most popular e-commerce platform no matter what the future holds for NFTs. Stock prices will take time to rise significantly.

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From November 2021 to September 2022, Shopify stock lost most of its value. A July 2022 blog post by CEO Tobi Lutke explained the company's woes as a result of its faulty assumption that e-commerce revenue grew because of the pandemic.

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Analysts believe that changes implemented since then, such as a 10% staff reduction and Jeff Hoffmeister's appointment as CFO, could turn things around in the next couple of years. Over 42% has been gained since September 2022 on the stock.

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9. Takung Art (TKAT)

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Physical artwork - particularly Asian artwork - made Takung Art famous. This system is unique in that it allows for shared ownership of assets. Multiple investors can own a piece of art together, increasing the market for art.

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NFTOEO, NFTOEO's NFFT trading platform, was launched in April 2022. Takung Art, currently trading at $1.03 a share, might take off once NFT marketplaces succeed, but it will take time.

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10. Jiayin Group (JFIN)

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Stocks like this don't generate headlines or cause waves in the market. The Shanghai-based company provides high-tech financial services. Jiayin Group doesn't work with NFTs at the moment. Investors were tipped off in December 2020 that NFTs may be on the way.

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As of Feb. 10, share prices are hovering around $3.22 due to speculation that the shift would happen soon. While no NFT-specific announcements have been made, Jiayin has been active in digital art, so if the time is right, she could easily transition into NFTs. Earnings and profits are growing slowly but consistently for the company.

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Takeaway

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A relatively safe way to gain exposure to NFTs is to invest in established companies, such as McDonald's and eBay, due to their current momentum. On the other hand, speculative stocks may be worthless in the long run, or they might take off at some point.

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Do your research and never invest money you can't afford to lose with NFT stocks. Talk to an investment professional for advice and do your research.