Did you see the huge GameStop (NYSE:GME) news last Thursday?
The beleaguered video-game-retailer-turned-meme-stock-favorite is entering the NFT and cryptocurrency markets, according to the Wall Street Journal.
GameStop has apparently hired more than 20 people to run a brand-new division at the company established for the sole purpose of developing an NFT marketplace. The marketplace will be a centralized hub where gamers can buy, sell, and trade gaming-related NFTs such as avatar outfits and weapons.
As soon as the WSJ report broke, GameStop stock shot up more than 30% in after-hours trading.
That’s a huge move – and it’s warranted, because the NFT market is going to be enormous.
To recap, an NFT is a blockchain-based digital asset that acts, looks, feels, and operates just like a physical asset.
The big breakthrough here, of course, is the blockchain aspect.
Previously, digital assets were largely worthless because they could be replicated and distributed infinitely, without anyone knowing what the “original” digital asset was, thereby rendering the original worthless…
But with the blockchain and its signature immutable digital ledger, artists can now create digital assets that can be validated as originals, thereby giving those originals the same value as, say, an original art piece.
This authentication lays the groundwork for the NFT market to boom over the next decade. We’re not just talking digital art. We’re talking digital real estate. Digital toys. Digital trading cards. Digital assets in general. And, in the case of GameStop, digital gaming items.
We firmly believe that this digital asset market will be as big as or even bigger than the physical asset market in the long run.
It’s a bold claim, sure… but think about it. We have multiple precedents here.
As soon as digital shopping became just as “good” as physical shopping, everyone started shopping online, and now, the e-commerce industry is on the cusp of becoming bigger than the physical retail market.
As soon as digital entertainment became just as “good” as physical entertainment, everyone started streaming Netflix, Disney+, and HBO Max, and now, the digital entertainment industry is on the cusp of being bigger than the physical entertainment market.
Same with digital advertising. It’s better than physical advertising. Within the next few years, digital ad spend will comprise more than 50% of total ad budgets.
Folks… the precedent has already been set!
As soon as digital replicas of physical industries become “good,” those digital replicas takeover.
Why won’t the same happen with the digital asset, or NFT, market? Spoiler alert: It will. The same thing will happen, and at scale, the NFT market will be bigger than the physical asset market.
The investment opportunity, of course, is that the digital asset market today is a fraction of a fraction of the size of the physical asset market.
In 2020, the global NFT market did about $338 million in transaction volume.
The global collectibles market – including physical trading cards, games, toys, cars, and more – is a $370 BILLION market.
It’s more than 1,000X bigger.
By our logic, then, the global NFT market can (and should) grow by 1,000-fold over the next 10-plus years…
The time to invest in this booming market is now.
Alas, the million-dollar-question is: How? How do you invest in the booming NFT industry?
You could go buy GameStop stock. We think they have a reasonably good opportunity to develop a fairly robust NFT marketplace of gaming items.
But that market isn’t that big, and GameStop stock is already valued as if that platform is going to be a runaway success.
So, instead, we think you should turn to the crypto markets – and that’s where our ultra-exclusive investment research advisory dedicated entirely to cryptocurrencies, The Crypto Investor Network, comes into play.
At the Crypto Investor Network, I’ve teamed up with legendary Bitcoin investor Charlie Shrem and a team of crypto experts to deliver to you the highest-quality crypto picks in the market.
We’re talking coins with triple-digit, even quadruple-digit, upside potential over the next few years.
And I’m not blowing hot air here. This product has delivered just that for subscribers. The average gain in the portfolio is well over 100%!
Indeed, a crypto we recommended just a month ago has already soared as much 90% — while Bitcoin has dropped 13% over that same stretch.
So… if you want to invest in the booming NFT market… by playing high-upside potential cryptos… the best thing you can do for yourself right now is to click here and check out the Crypto Investor Network.
Or you could buy GameStop stock.
The choice is yours.
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.