Non-fungible tokens (NFTs) are a hot topic right now. These Crypto assets are essentially certificates of ownership, and they make it possible to buy and sell virtually any digital asset.
For instance, Twitter CEO Jack Dorsey recently sold his first tweet for $2.9 million, donating the proceeds to charity. The digital artist known as Beeple sold a collage of 5,000 futuristic images for $69 million. And Mark Cuban, owner of the Dallas Mavericks NBA team, recently said he might turn game tickets into NFTs. Even the girl from the internet-famous photograph who's smirking while a building burns in the background -- Zoë Roth, aka "Disaster Girl" -- recently sold her viral meme as an NFT for $500,000.
Given their rising popularity, many investors are probably wondering: Is it possible to invest in NFTs? Marketplaces like OpenSea and Rarible sell them directly, but there are also indirect ways to invest in the trend. For instance, Cloudflare (NYSE: NET) recently launched support for NFTs. Here's what investors should know.
For further details see:
1 Great NFT Stock That Might Surprise You