Disney Will Lose Out on Billions If It Doesn't Do This
In this video, I will be talking about Disney and why I think it should be going into NFTs or at least looking into the possibility. Because if it doesn't, it will lose out on potentially billions of dollars in revenue. With that said, Disney is one of the stocks I will be holding forever. You can find the video below.
One area Disney hasn't really explored yet is the NFT space. According to DappRadar, trading in NFTs climbed to $10.7 billion in the third quarter, an increase of more than 700% from the previous quarter.
Disney has arguably the best IP in the world. It has millions if not billions of fans. So why not go into the NFT space? It won't cost the company much, but it will make it hundreds of millions if not billions of dollars in the future. Marvel released a couple of NFTs this summer, with prices from $40 to $400 depending on the rarity. Whether we'll see more in the future remains unknown.
Source Fool.com
