Top five NFT stocks available nowFunko, Inc. The company has announced the launch of NFT, in partnership with Dolphin Entertainment, with football star Tim Brown. Currencyworks announced in March that its NFT platform will expand to include bitcoin and Ethereum as payment methods. Specifically in the NFT arena, it will launch an NFT marketplace later this year, based on the Ethereum blockchain.
Not every company will win in an NFT world, but DraftKings, Cloudflare and eBay have a good chance of building a niche in the NFT marketplace. Subsequently, these marketplaces will be employed by major sports and entertainment brands to sell their NFTs. Not only do they offer their merchants more revenue streams, but they also incentivise wider adoption of NFTs. ART to digitally certify and authenticate CFNs, as well as partnering with SUN-X to introduce the first ever CFN on climate change and sustainability.
More importantly, however, I'm also going to show you some examples of stock market traps, stocks that attract investors in the NFT craze that will lose you money. As with many gold rush trends, my favourite way to play NFTs is to buy the picks and shovels, the shares of the companies that will profit by creating the platforms and charging commissions on the NFT theme. DraftKings' system will run on Ethereum Layer 2, which is a scaling solution to handle the increased transitional load on the Ethereum network, and by the end of the year the company expects its NFTs to be transferable to external digital wallets. With Liquid Media's new partnerships, the company is expected to make a name for itself in the NFT market.
In addition, its newly formed subsidiary xSigma Collectibles is partnering with men's lifestyle brand Maxim to launch an NFT marketplace for the brand. Thanks to the security of blockchain technology, NFTs allow collectors to own unique digital versions of real-world valuables. With the company's entry into the NFT market bringing the popular legend to the public, Hall of Fame Resort and Entertainment Company stock is an NFT stock to buy today. We still have two other NFT stocks to highlight, but I also want to talk a little bit about the stock to avoid because I think it's one of the biggest traps in the market right now.
The market includes NFTs to represent the physical artwork, for more fluid price discovery, and this also allows you to bet on physical artwork.