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Despite investors being skeptical about the actual value of non-fungible tokens (NFTs), monthly sales on OpenSea reached $3.4 billion in August, an all-time high, according to data from Dune Analytics. Last month, the clipart of rock was sold for 400 ether. While NFT trading volume has declined this month, growing interest in digital collectibles should drive the NFT market’s growth. So, NFT stocks JFIN and ZKIN should benefit.
JFIN has gained 36.1% over the past nine months, while ZKIN has returned 33%. Also, JFIN’s 44.3% gains year-to-date are significantly higher than ZKIN’s 15.1% returns. Moreover, JFIN is the clear winner with 8.4% gains versus ZKIN’s negative returns in terms of the past month’s performance.
