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Tuesday, April 13, 2021

Topps is releasing official NFT baseball cards on April 20th

Major League Baseball has announced its latest move to cash in on the NFT craze: official blockchain-based versions of classic Topps baseball cards. Topps is selling the new NFT baseball cards through the WAX blockchain, which the company has used for its earliest blockchain-based collectibles.

The first “Series 1” cards will be sold starting on April 20th, with 50,000 standard packs (containing six cards for $5) and around 24,000 premium packs (offering 45 cards for $100) set to be sold in the first wave. Topps is also offering a free “exclusive Topps MLB Opening Day NFT Pack” to the first 10,000 users who sign up for email alerts for new releases.

It’s a similar idea to the NBA’s white-hot Top Shot NFTs, which offer fans purchasable video clips (called Moments) in card-like packs. Top Shot Moments are already a massive business — some have sold for upwards of $200,000, and more than 800,000 accounts have yielded over $500 million in sales so far.

RoyalsRetro (AG#1F) Posted: April 13, 2021 at 12:32 AM | 11 comment(s) Login to Bookmark
  Tags: baseball cards, nfts

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   1. Rowland Office Supplies Posted: April 13, 2021 at 12:18 PM (#6013205)
I can't wait to wedge one into my digital bike wheel spokes.
   2. Edmundo got dem ol' Kozma blues again mama Posted: April 13, 2021 at 01:17 PM (#6013216)
Apparently, I’m sposed to know what NFT means.
   3. Edmundo got dem ol' Kozma blues again mama Posted: April 13, 2021 at 01:18 PM (#6013218)
Edit: non-fungible token, I see. Is that acronym commonly used and I’m out of the loop?
   4. AndrewJ Posted: April 13, 2021 at 02:02 PM (#6013223)
I collected NFTs until my mother erased them.
   5. Walks Clog Up the Bases Posted: April 13, 2021 at 02:07 PM (#6013224)
Edit: non-fungible token, I see. Is that acronym commonly used and I’m out of the loop?


It's a relatively new medium that is still mostly unknown to the public in general. I'm "only" in my mid-30s but am stuffy enough to not really feel inclined to accept or learn more about stuff like this and Bitcoin.
   6. Ziggy: social distancing since 1980 Posted: April 13, 2021 at 06:08 PM (#6013266)
NFTs are crypto coins. You can prove who owns a given crypto coin. So the people selling these things say "this crypto coin is actually a Mike Trout baseball card" and then ask you to pay more for it than you would for another crypto coin. (I think most of these things run on Etherium.) It's not a picture of a card, it doesn't give you any copy right to an image, or anything like that. It's just a crypto coin.

The source of the added value is... mysterious... to me.
   7. What did Billy Ripken have against ElRoy Face? Posted: April 13, 2021 at 06:24 PM (#6013270)
Last fall I started buying cards again after a 25+ year hiatus, like many others. I've learned a lot about the current state of the "hobby" since then. It seems that with the rise of the grading services, there's a major dick-measuring dynamic among so-called "collectors" to get the mintiest, the rarest, the most expensive, etc. There are people who will pay a ridiculous amount of money for anything just because it is perceived to be scarce, no matter what it is. This is the logical progression of monetizing that dynamic.
   8. 57i66135 right now is attacking rest Posted: April 13, 2021 at 06:58 PM (#6013276)
Imagine a “perfect” trading card market. There would not be fakes or alterations. Card grading services would not exist or need to exist, as cards would always be in mint condition. A complete list of all transactions relating to a particular card would be available, and sales could take place almost instantly. There would also be a forced and enforceable scarcity of cards, with all buyers and sellers aware of how many cards were printed.

NBA Top Shot has created that market. It’s just not for actual cards, but stylized versions of looping basketball highlights. These, of course, are not intrinsically valuable. And while they exist on the blockchain as cryptographic hashes, they are currently only for sale and on display on the NBA Top Shot website. You don’t need to own one to watch one. But if you “own” one, you are the only one to own it.
   9. 57i66135 right now is attacking rest Posted: April 13, 2021 at 07:01 PM (#6013278)
The source of the added value is... mysterious... to me.
it's a scam.

the company that creates these will make a ton of money, people who get in early (read: not you) will make some money, and everyone else will lose their shirts.



until you can withdraw your money from these NFT exchanges, this stuff is worthless.
   10. What did Billy Ripken have against ElRoy Face? Posted: April 13, 2021 at 07:08 PM (#6013279)
Imagine a “perfect” trading card market. There would not be fakes or alterations.
Because there are no cards to fake or alter.
Card grading services would not exist or need to exist, as cards would always be in mint condition.
And the cards would likewise not exist.
A complete list of all transactions relating to a particular card would be available, and sales could take place almost instantly.
Because there are no cards to transfer.
There would also be a forced and enforceable scarcity of cards,
A-ha!!

   11. Edmundo got dem ol' Kozma blues again mama Posted: April 14, 2021 at 12:23 AM (#6013324)
I collected NFTs until my mother erased them.


Primey!

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