Non-fungible tokens (NFT’s), a blockchain revolution, have taken Wall Street by storm, and investing in them is fast becoming one of the most popular crypto trends. We think investors looking to benefit from cryptographic assets might consider adding Funko (NASDAQ:FNKO) and Jiayin Group (NASDAQ:JFIN) to their portfolios. Read on for an explanation.Non-fungible tokens (NFT’s) have become the focal point of speculative trading lately, leading to a huge spike in the share prices of companies with exposure to NFTs. These digital tokens are generating hype among investors who are excited by this technology’s potential and believe that it could go mainstream soon. NFTs are digital assets that represent a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers. The global blockchain technology market is expected to grow at a 43% CAGR over the next six years to hit $30.70 billion by 2027.
The COVID-19 pandemic has made a big contribution to boosting NFTs’ popularity. Because people have been forced like never before to embrace the digital universe while stuck at home amid lockdown restrictions, the NFT space has gained momentum. Given that the hype is grabbing the attention of increasing numbers of investors, more companies are cashing in on the NFT craze.
Two stocks that are producing good results and have made a big splash in the NFT world are Funko Inc . (FNKO) and Jiayin Group Inc . (JFIN). So, we believe they could be good investment bets now.