JEF - Investing in NFTs? Here's Why You Should Buy Shopify Stock
NFT sales skyrocketed to the moon in 2021. Working from a base of hundreds of millions of dollars in 2020, NFT sales rocketed to $25 billion globally in 2021 as digital artists, musicians, video game enthusiasts, and collectors in general flocked to the blockchain and crypto technology. Some analysts (notably, market prognosticators at Jefferies (NYSE: JEF) ) see sales booming to $35 billion in 2022.
A handful of creators and collectors have made some serious dough in the NFT world, and the sudden size of this market is attracting plenty of attention from investors now as well. If you're looking for a way to invest in NFTs but don't know which crypto token, artist, or creator project to start with, Shopify (NYSE: SHOP) stock might be a fantastic place to begin.
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Investing in NFTs? Here's Why You Should Buy Shopify Stock