5 Best NFT Stocks to Buy Now

3. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 81

NIKE, Inc. (NYSE:NKE) is an Oregon-based footwear manufacturing company. Though it is not the traditional NFT stock, the company acquired a digital sneakers company, RTFKT, in December 2021 to accelerate its metaverse play. According to a report by Vogue Business, this acquisition resulted in NIKE, Inc. (NYSE:NKE) generating over $185 million in NFT revenues. Moreover, it also launched its first NFT drop in April this year.

NIKE, Inc. (NYSE:NKE) was a popular stock among elite funds in Q1 2023, as 81 funds owned stakes in the company, up from 71 in the previous quarter, according to Insider Monkey’s database. These stakes are collectively worth over $2.35 billion.

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