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According to blockchain sales tracking company DappRadar, NFT sales spiked 111.5% sequentially in the second quarter. As NFTs grow in popularity, companies exposed to NFTs are witnessing a huge surge in their share prices. And as virtual reality technology progresses, NFT enthusiasts will likely spend more time and money in virtual environments, which is expected to drive the digital collectibles craze in the foreseeable future.
As such, Wall Street analysts expect financially sound NFT stocks PLBY Group Inc. (PLBY) and Dolphin Entertainment Inc. (DLPN) to generate significant momentum in the coming months. So, these two stocks could be solid picks now.
