The market for non-fungible tokens (NFTs), has exploded. Last quarter, trading volume on OpenSea, the largest NFT marketplace, topped $3 billion. That is fast approaching the likes of e-commerce giant eBay (NASDAQ: EBAY). Jack Dorsey sold the first tweet ever for $2.9 million.
With the recent crackdown from the People’s Republic of China on cryptocurrency mining operations, North America has become a new hub for bitcoin mining. As companies rush to cash in, competition is fierce. For investors looking for the right opportunity to take advantage, it can be difficult to separate the wheat from the chaff.