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Non-fungible tokens, or NFTs, have captured several headlines over the past few weeks. Celebrities and major sports leagues have already generated millions fr stanley cup om selling these obscure digital instruments. Early adopters seem to have nearly as much.聽So what exactly is this new segment of the cryptocurrency indust stanley becher ry Should retail investors get involved Here s everything you need to know about NFTs and how you can bet on them through regular stocks and funds.聽What is an NFT NFTs are the latest frontier of the cryptocurrency sector. Essentially, these are easy-to-create digital tokens for digital content. You can create one yourself and sell a blogpost, piece of music or image on the blockchain.聽Think of these as digital trading cards or collectible books with the author s signature on them. Jack Dorsey recently sold his first Tweet for US$2.5 million C$3.2 mil stanley us lion .聽The best real-world example of how NFTs are used is the Top Shot marketplace set up by the National Basketball Association Xlri Buy the Dip: 2 Strong TSX Stocks That Recently Went on Sale!
Canadians are searching for top companies to put inside their RRSP portfolios.Let s take a look at Bank of Nova Scotia TSX:BNS NYSE:BNS and Suncor Energy Inc. TSX:SU NYSE:SU to see if one is an attractive pick today.Bank of Nova ScotiaInvestors often overlook Bank of Nova Scotia in favour of its larger peers, but that might be a mistake, especially in situations where you plan to hold the position for decades.Why Bank of Nova Scotia has a large international division, primarily focused on Mexico, Peru, Chile, and Colombia. The four countries make up the core of the Pacific Alliance, which is a trade bloc created to enable the free movement of goods and capital. Combined, the market holds more than 200 million consum stanley cups uk ers.As the middle class grows, demand for loans and investment pr stanley cup oducts should increase, and Bank of Nova Scotia s presence in each of the four countries puts it in a strong position to be stanley cup nefit.The international operations already contribute close to 30% of Bank of Nov |
