Yesterday’s NFT topic might have some traders thinking, Tim, why should I learn about NFTs? I just want to trade stocks…
Listen, that’s great. Nobody loves the stock market and trading more than I do. But I’m not talking about switching up your entire strategy.
I’m talking about getting educated and prepared for the next hot trend. Because it’s already here…
NFTs aren’t just JPEGs and digital art. And they’re not just a fad with the young crowd. NFTs can have far-reaching implications, especially in the metaverse.
And big companies want to cash in. Check it out below…
Learn how to trade NFTs from a seven-figure trader — sign up for Sykes’ FREE event!
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And in December it announced an NFT collection that would offer NFT holders access to exclusive merch. It also launched 30,000 “Into the Metaverse” NFTs which sold within a few hours. The company made over $22 million from the sales.
The NFTs now trade on OpenSea for around $4,500 each. That’s not chump change.
But Adidas isn’t the only brand to cash in on the NFT and metaverse trend…
In February it launched the Nike Air Max 1 sneaker with an accompanying limited-edition NFT.
Why are these big brands dropping huge — and sometimes undisclosed — amounts of money into NFTs and the metaverse?
As analyst Michael Pachter puts it: “Brands have an incentive to be there because that’s where people are, and they want to follow them.”
The digital world is big business. And you can bet the big players want to establish themselves first. They know a hot trend when they see it.
Even famous ‘old boys’ clubs’ are getting in on it…
From an NFT and stock trading perspective, PLBY Group, Inc. (NASDAQ: PLBY) is interesting…
Listen, we’re all adults, right? We know some people will want to buy NFTs of their favorite pinups. (With access to the virtual Rogue Mansion.) Heck, maybe you’re one of them…
Whether you want to trade Playboy NFTs or stick to trading NFT stocks — keep your eyes on PLBY. It’s a SPAC and killer NFT play. The stock’s close to the multi-month breakout level around $16.
Several big names getting into this space is just one reason I think NFTs and the metaverse will be one of the hottest sectors this year.
But they’re not a simple concept to digest…
Learn More About NFTs
The whole digital landscape can be tough to navigate. It’s an emerging sector with a ton of potential.
That’s why it’s crucial to learn everything you can about it NOW — before it gets bigger.
And this is your chance…
On Wednesday, March 30, Tim Sykes is hosting a special NFT event where you can learn a three-step system to trade NFTs from a seven-figure trader!
Use it to get a head start on your NFT education before the BIG event. Don’t miss this amazing opportunity to learn about NFTs and how to trade them!
Have a great day. See you back here tomorrow.
Lead Trainer, StocksToTrade