Best NFT-Related Stocks

eBay Inc. (NASDAQ: EBAY) is one of the biggest e-commerce companies in the world. Its auctions and consumer-to-consumer sales have generated more than $13.6 billion of net income in 2021. Consumers can buy just about any household item on eBay, such as electronics, clothing, sneakers and books. eBay has added NFTs to its trading platform. It partnered with the Web3 NFT platform OneOf and launched 13 limited edition collectibles. eBay specializes in art NFTs, and its first collection featured ice hockey legend Wayne Gretzky. The collection has expanded drastically, with hundreds of pieces of artwork featured on eBay. Not only can creators use eBay to sell their NFTs, but the e-commerce giant recently bought KnownOrigin, a leading NFT marketplace.  

Known for being one of the biggest fast-food chains globally, McDonald’s Corp. (NYSE: MCD) isn’t a company you would associate with digital assets. McDonald’s created its first NFT in honor of McRib’s 40th anniversary and distributed it to fans on Twitter. But its digital transformation doesn’t end there, as McDonald’s looks to establish a presence in the metaverse. McDonald’s wants to develop a virtual restaurant but will continue to deliver physically. It has applied for 10 metaverse-related patents that enable it to provide entertainment services, NFT trading and online food delivery. The restaurant plans to offer online retail services and virtual goods and concerts. McDonald’s stock has steadily climbed since 2003 when it was valued at $12 to reach an all-time high (ATH) of $281 in November 2022.

NVIDIA Corp. (NASDAQ: NVDA) is a technology company specializing in the design and manufacturing of graphics processing units (GPUs). Founded in 1933, NVIDIA has come a long way since it built its company by developing integrated circuits. This tech giant seeks to incorporate the metaverse into its operations by offering a cloud engine for avatars, neural graphics and an Omniverse Cloud — a cloud service for developers and artists to design, publish and operate metaverse applications. NVIDIA CEO Jensen Huang said that Omniverse Cloud enables the company to offer a service that connects teams worldwide to design, build and operate virtual teams. Some of the Omniverse Cloud services include Nucleus Cloud, App Streaming, Replicator and Farm — based on 3D designs and works.

Shopify Inc. (NYSE: SHOP) is a multinational e-commerce corporation founded in 2006. It allows users to sell digital and physical products, as well as offer virtual and in-person services. Wanting its share of the NFT expanding market, Shopify enables you to sell NFTs via your Shopify store, offer them as rewards to customers and collaborate with other brands. You can sell NFTs through Shopify Payments and add a cryptocurrency payment processor. Shopify’s stock was on an upward trajectory since the beginning of 2019 when it was valued at $14. Investors who bought the stock during that period enjoyed returns of over 1,000% as it reached its ATH of $176 in November 2021. Since then, the stock lost 86% of its value before recovering slightly. The company mistakenly assumed that the revenue boost during lockdowns was a permanent leap. An optimistic interpretation of the stock’s crash is that its price is nearly at the same level where it began its bull run.

Cloudflare Inc. (NYSE: NET) is a content delivery network company. Part of its offering is Cloudflare Stream, a platform enabling video creators to store their content and create NFTs for their work on a market such as OpenSea. Videos creators will be able to streamline the service by connecting the token IDs and contact addresses to their videos. Cloudflare’s stock may appeal to risk-seeking investors. The stock traded at $18 in March 2020 and then surged to its ATH in November 2021 to reach $220, a return of 1040%. That was followed by a swift crash, with the stock losing 80% of its value.