Question

Select three items that you view as either popular or in demand at the moment. Using the internet, research and identify the actual company producing the item. Then, look up the value of that company's stock. Based on the present changes in the value of the stock, has the popularity of the item benefited the producing companies shareholders.

Answer 1

Three items that can be viewed as either popular or in demand at the moment are electric vehicles, social media applications, and nonfungible tokens.

What are the comparable values?

NFTs have gained significant traction in recent years, particularly in the art and gaming industries. So they have created a market for digital collectibles.

NFTs are still a relatively new and volatile market, the companies involved have not seen significant stock price changes. OpenSea has raised funds at a $13.3 billion valuation, while Rarible's valuation is estimated at around $600 million.