NFT top stocks in play
What do you get when Elon Musk, Post Malone, Jack Dorsey, Azealia Banks and Taco Bell all try their hands at NFT? A mad frenzy in the fast emerging investable asset class called Non-fungible tokens (NFT). The NFT stocks landscape is a bit hazy right now, with a lot of names being touted as NFT plays, especially Auction houses and Game makers.
So what are the hottest NFT plays in the stock market? Here is a low down of all stocks that are being touted at NFT plays. Many of them are speculations at this time, so tread carefully as the smoke clears.
(NASDAQ:SINO) Sino-Global Shipping America provides shipping and freight logistics integrated solutions in the United States, China, and Hong Kong. The stock took off on Thursday after the company announced plans to launch a new NFT exchange in collaboration with e-commerce public chain CyberMiles. The new NFT exchange will serve as a highly-secure, robust platform for collectors, artists, musicians and investors to create, sell and buy one of a kind, digital content represented as NFTs. The companies expect to officially launch their new NFT platform in July 2021, providing a critical link between the virtual blockchain world and the physical world.
(NYSE:TKAT) Takung Art, a dealer of fine Asian art, is providing a service that not many other arthouses offer. The company is allowing group ownership of its assets, which enables multiple bids on individual art pieces. This sharing of assets is driving bids sky-high and is indicative of the coming change to the art world. The Takung portfolio is widely varied. The art seller deals in paintings, calligraphy, jewelry and precious stones. Takung Art’s market capitalization is small but it has risen 700% in the last 4 days.
(NASDAQ:OCG) : The speculation is that the Hong Kong & China based Oriental Culture Holding Ltd potentially will move into non-fungible tokens (NFTs). The company provides a platform for trading collectibles and commodities, and was listed in NASDAQ in mid-Dec.
(NASDAQ:IMTE) Integrated Media Technology surged based on social media chatter speculating potential connection to the non-fungible token craze. Integrated Media focuses on glass free 3D display technology.
(NASDAQ:YVR) Liquid Media Group provides a range of video game titles, visual effects/production services, as well as an on-demand video platform. The company recently announced a distribution agreement with Atari, and Atari recently signed a deal with Bondly for gaming NFTs.
(NASDAQ:WKEY) WISeKey International Holding Ltd. is a cybersecurity company, which engages in the provision of digital security technology in the field of cybersecurity, digital identification and authentication of people & objects.
(OTC:TTCM) Tautachrome, Inc. is an Internet technology development company. They have patents, including Talk-to-the-Picture social networking and trustable imagery-based interaction, and is establishing a cryptotoken-based ecosystem to monetize smartphone generated pictures and videos for the smartphone user. The Company is developing its branded KlickZie platform which will turn smartphones into trustable imagers meaning they are capable of capturing pictures and videos that can be verified as original, untampered and un-photoshopped. The KlickZie platform will serve as imagery-based social portal network.
(OTC:IPNFF) ImagineAR provides an augmented reality (AR) platform that enables businesses, sports teams, and organizations to create and implement their own AR campaigns with no programming or technology experience.
(OTC:PONGF) Atari SA engages in producing, publishing and distributing interactive entertainment software. Its products include brands like Asteroids, Centipede, Missile Command, Pong, Test Drive and RollerCoaster Tycoon. It also develops and distributes compelling games online smartphones, tablets, and other connected devices from Microsoft, and Sony.
(OTC:TRWRF) Canadian company Liquid Avatar Technologies specializes in online identity verification, management and monetization. It also engages in development to launch a digital banking and financial services platform. The company’s products include KABN ID – a biometric and blockchain based digital identity validation and verification platform allowing users to prove themselves throughout the online community.
(OTC:CWRK) CurrencyWorks, Inc. engages in the provision of development and integration services of block chain and cryptocurrency technologies into the business operations of its customers.
Did we miss any major NFT name? Let us know in the comments section. Again, be careful and do your own due diligence before you invest in any stock being touted as NFT related.
Update 3/19: Someone on Twitter commented (thanks!) that I should include IMTL, and looking at price action today, it seems it definitely is getting the attention. (OTC:IMTL) Image Protect, Inc. provides copyright protection software and services. The firm’s enforcement activities include legal and debt collection fees. It offers a web application that monitors the global Internet to seek and collect evidence for illegally used visual content.