The company plans to turn festival posters for its events into NFTs. Live Nation wants to take advantage of that. There is money to be made in these scarce, virtual collectibles, depending on just how scarce or popular they are. Some examples include video clips of Lebron James that sell for over $110,000 or a piece of digital art by Internet phenom Beeple that sold for $69 million. NFTs are becoming a widespread mode of ownership online. But it's likely because they don't fully understand them. Some people still think NFTs are a weird gimmick that will die out in the future. This company has the opportunity to build an entirely new revenue stream with NFTs. One of the best NFT stocks to buy right now is Live Nation Entertainment Inc. Here is exactly what's happening to make this the best NFT stock to buy. The best part is that you're finding out before Wall Street even cares. The stock also benefits from the grand reopening post-COVID-19. It's not limited to NFTs, but it is considering NFT products at the perfect time. Today's best NFT stock benefits from timing. Every NFT is created on the blockchain, making it wholly unique and irreplaceable. People who hold NFTs get unique ownership of a singular digital product, whether it's an NFT version of a song, album, visual art, or other. Where streaming services like Spotify seem to lessen the value of music and Instagram makes visual art a dime a dozen, NFTs could reverse this impact in a huge way.

NFTs, or non-fungible tokens, made a splash last month as the next big crypto investment.Ī great benefit of NFTs is their ability to create revenue for the art world. One of the best NFT stocks to buy is about to get several big catalysts at once.

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Spotify plans to join nft collectibles