5 Best NFT Companies to Invest in the +$23 Billion NFT Market

The NFT market grew by over 18,000% in 2021, reaching around $23 billion in digital sales. In fact, NFTs are becoming so popular that they won the Collins Dictionary word of the year in 2021. With this in mind, a few NFT companies to invest in are worth your attention right now.

Non-fungible tokens, or NFTs, are digital collectibles stored on the blockchain. Since they are “non-fungible,” NFTs cannot be exchanged for the same item.

For instance, you can trade bitcoin for U.S. dollars, but you cannot trade an NFT in the same way. NFTs are each unique in their own way with distinct properties. In other words, NFTs are exclusive, giving them their value. In short, they are a way to gain ownership over unique items. These items can include:

For this reason, celebrities, athletes, collectors, and investors alike are scooping up these digital assets every day. Keep reading to discover the best NFT companies to invest in and grab your share of the massive industrial growth.

Best NFT companies to invest in.

Top 5 NFT Companies to Invest in 2022

To give you an idea of how much NFTs are worth, the popular Bored Ape Yacht Club (BAYC) project is at a record high of 146 Ethereum (ETH) on OpenSea. Currently, 146 ETH equals over $400,000. With this in mind, when BAYC came out a year ago, the mint price was .08 ETH.

As the project’s value is up over 180,000% from where it began, you can see why everyone is obsessing over the new trend.

If you want to invest in NFTs without dealing with the blockchain, here are a few of the top NFT companies to invest in this year.

No. 5 Dolphin Entertainment (Nasdaq: DLPN)

Analyst Price Target (% Upside): $12 (+194%)

Dolphin Entertainment is widely considered one of the most unique NFT companies to invest in. For one thing, the company is an entertainment PR and marketing firm, giving it access to an abundance of material.

The marketing firm has been busy partnering with an all-natural cocktail brand this past year. Not to mention taking an ownership stake in Midnight Theatre, a restaurant and theater experience.

However, the news generating the most excitement is Dolphin’s NFT plans. Dolphin Entertainment is a full-service NFT studio meaning they can develop, produce, distribute, and market the assets. Although DLPN stock is down over 50% this year, the company’s revenue is starting to pick up with a record $8.6 million.

No. 4 DraftKings (Nasdaq: DKNG)

Analyst Price Target (% Upside): $32 (+131%)

After launching the first mobile daily fantasy sports app in 2013, DraftKings is now trailblazing into the NFT market.

Best known for its fantasy sports, sports betting, and online casino, DraftKings’ Marketplace’ is gaining attention. For example, DraftKings NFT drops sold out so far with 115 thousand Marketplace customers within the first five months.

If this doesn’t excite you, the company is teaming up with the NFL Players Association (NFPA) to launch an NFT collection with real NFL players. The NFL is the largest sports league in the U.S., with over 17 million viewers.

Keep reading for more on NFT companies to invest in.

No. 3 Mattel (Nasdaq: MAT)

Analyst Price Target (% Upside): $32 (+30%)

As one of the biggest toy companies globally, Mattel has a massive content catalog. If you don’t recognize the name Mattel, you may know its toy brands, including:

The names above are some of the biggest brands in toy history. Not to mention, Mattel owns IP rights from Microsoft, Nickelodeon, Nintendo, Warner Brothers, and Disney.

Although Mattel does not currently offer NFTs, its CFO made it clear on its 4th quarter earnings call the No. 1 priority. He also mentions expanding digital experiences (such as NFTs). Mattel could see explosive growth with its iconic toys entering the digital age if this is true.

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No. 2 Funko (Nasdaq: FNKO)

Analyst Price Target (% Upside): $29 (+74%)

Funko is one of the fastest-growing toy brands and NFT companies to invest in. Likewise, the company’s catalog includes various pop culture goods. These items include content from movies, tv, music, sports, and games.

So far, Funko has over 1,000 licensed properties in over 25K retail locations. With this in mind, the company is partnering with close to every top brand you could imagine. For example, Funko licenses content from Disney, Netflix, NFL, Pokémon, Mattel and MGM, to name a few.

Yet Funko is just starting after buying a majority stake in NFT developer TokenWave last year. The company is launching “Digital Pop! NFTs,” with every drop selling out so far.

NFT Companies to Invest in No. 1 Coinbase (Nasdaq: COIN)

Analyst Price Target (% Upside): $276 (+131%)

The largest cryptocurrency exchange in the U.S., Coinbase, is disappointing investors after falling over 70% from its high on IPO day.

But there is a lot to be excited about as the company enters the NFT market. The company is launching its digital collectible marketplace this month after announcing it in October. With close to 90 million users and growing interest in NFTs, the launch will make NFT investing more accessible.

So far, the marketplace is only available to a select few. But, with a massive addressable market and community of users, Coinbase can play a major role in the NFT market.

Given these reasons, Coinbase is one of the top NFT companies to invest in this year with significant upside.

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Is It Worth Buying Top NFT Companies to Invest in Right Now?

NFTs are one of the biggest trends after exploding in popularity this past year. With new projects popping up every day, new money flows into the market.

These are some of the best NFT companies to invest in this year as the trend gains momentum. Although you are not directly investing in NFTs, these companies will give you exposure to the industry through sales and earnings.

Although many of these companies are down significantly in 2022, they are projecting to accelerate earnings alongside the industry.

Buying into the top NFT companies right now will give you access to the long-term potential of NFTs. At the same time, many of these are growth stocks that have been hard with rising interest rates. Investors are searching for safety with more risk in the market (surging inflation, the war in Ukraine, etc.).

But the old Warren Buffet saying, “Be fearful when others are greed and greed when others are fearful,” may start coming into play soon.

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