eToro Art: Our opinion on the eToro NFT project

filippo ucchino Filippo Ucchino calendar Last Updated: September 2022 timer 7 Min Read

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In this article we will discuss eToro Art, eToro’s NFT project. Within the post you will be able to find information on:

  • What is eToro Art and how it works.
  • What eToro Art is for.
  • How to submit your NFTs to eToro
  • What the future holds for eToro Art
Table of Content

What is eToro Art

eToro Art is the platform created by eToro dedicated to the world of NFTs. Through the eToro Art project, eToro funds emerging NFT artists who are considered promising and/or innovative compared to the current market.

eToro Art is a developing project and to date does not serve as a marketplace, but in the future, as eToro’s collection of NFTs expands, it may allow users to sign up and invest in NFTs.

In fact, eToro is aware that a large proportion of the users registered on the trading platform could potentially be interested in buying, trading, and investing in NFTs. That is why they are investing in this new project that is likely to further expand eToro’s offering to investors.

Very illustrative are the words of eToro CEO Yoni Assia:

“As a company with one eye constantly on ‘what’s next’, eToro sees huge potential in the metaverse and a range of new digital assets. eToro has a community of over 27 million registered users who want insight on and access to new and emerging technologies. As one of the first companies to offer crypto alongside more traditional assets, it is only natural for eToro to serve as the bridge to bring new users into NFTs and the metaverse.”

How does eToro Art work?

On eToro Art, users can propose their artwork to eToro in NFT by filling out a questionnaire. The questionnaire is used to study the artist’s proposal in order to consider funding the project and thus future inclusion in eToro Art’s NFT gallery.

In the future, artists who are accepted within eToro Art may see their projects in an NFT marketplace organized by eToro where they can be bought or traded by more than 20 million users.

Is it possible to buy NFT on etoro art?

To date, users cannot buy NFTs on eToro Art.

Although it has not been officially confirmed, eToro Art may become a full-fledged NFT marketplace in the future.

Alternative method of investing in NFTs with eToro

eToro on its platform also offers the possibility to buy cryptocurrencies.

After opening an account with eToro, the alternative way to invest in NFTs with eToro is as follows:

  1. Buy Ethereum on eToro
  2. Move the bought Ethereums to eToro Money (eToro’s crypto wallet)
  3. Move the ETHs to Metamask
  4. Connect the wallet to an NFT marketplace
  5. Buy NFTs

For more information on how to buy NFTs following this alternative method, you can check out eToro’s dedicated guide.

Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

Is there an eToro portfolio for investing in NFTs?

To date, there is no eToro portfolio dedicated to NFTs.

In any case, eToro offers some cryptocurrencies related to the world of NFTs and the Metaverse. These include:

  • ETH – Ethereum
  • APE – ApeCoin
  • MANA – Decentraland
  • SAND – Sandbox

To buy these cryptocurrencies or to get more information about them, check out eToro’s trading platform.

Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.

How to propose yourself to eToro as an NFT artist

To propose yourself to eToro as an NFT artist, you need to go to the official website and fill out the questionnaire.

Among the questions we can find:

Questions about your Identity. eToro Art will ask:

  • Whether you are an artist or an agency
  • Your name, provenance
  • Contact information.

Questions about the project. These include:

  • A description of your work
  • Experiences
  • Colleagues/collaborators
  • The goals of the project
  • Concepts/deck uploads.

NFTs available on eToro art

Several NFTs are present on eToro including:

  • Bored Ape
  • Gutter Cat Gang
  • Fatales
  • World Of Women
  • Alien Frens
  • Fancy Bears

For the full list of NFTs featured on eToro Art, you can check out the collection on the site.

The current status of eToro Art

eToro’s decision to invest in NFTs comes after years of investing in innovative sectors such as cryptocurrencies.

In fact, between 2020 and 2022, eToro greatly expanded its crypto offerings with new cryptocurrencies, a proprietary crypto wallet, and the creation of cryptocurrency-themed Smart Portfolios.

According to eToro’s data, users on their platform are very interested in cryptocurrencies, so much so that for 91 percent of users their first trade includes crypto, stocks, or copy trading, and 63 percent of users trade more than one type of product.

Consequently, partly for these reasons, eToro decided to expand into the NFT field as well.

eToro started in 2007 as a social trading platform for CFD trading, but despite this it has managed to establish itself in other areas as well to the extent that to date it is among the best brokers for investing in cryptocurrencies and stocks.

There is no reason to think that in the future this may not happen with NFTs as well


About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.
eToro Art: Our opinion on the eToro NFT project

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