Could NFT Sports Cards Be More Expensive Than Physical Cards?
Digital baseball cards are fetching massive price tags
In fact, the history of baseball card collecting goes all the way back to the mid 19th century. But here comes the caveat: Baseball card collecting is getting harder and harder nowadays. Many stores like Target, for example, are removing tradable cards and collectibles altogether, pushing card collecting further and further down the hobbyist hierarchy when compared to its heyday.
That’s where digital baseball cards come in. Unlike physical cards, these don’t need a brick and mortar traditional approach to sell themselves, meaning the market becomes that much bigger for would-be collectors to join in. For example, a few virtual baseball cards sold for hundreds of thousands of dollars recently and even more investments are coming. The pandemic plays a role in this, as with the threat of the virus outdoors, more people are staying inside and spending more time online, which widens the audience even further.
There are also digital sports card companies popping up here and there, such as Dibbs, which are investing millions of dollars into expanding the NFT sports card market considerably. This could be exactly what the hobby needs to rejuvenate interest in itself and get even more fans interested in buying and selling cards of their own.
On top of that, there’s been a lot of buzz and development in the NBA as well, with some famous real life NBA moments, such as a LeBron James dunk, being minted and sold as digital cards and selling for more than $200,000 sometimes. NBA Top Shot is doing just that, changing the very definition of what a sports card means, which might create even more enthusiasts.
Lots of exceedingly wealthy people too are showing interest in digital cards, such as Mark Cuban, who owns a fairly impressive collection of Dallas Mavericks based cards and is investing his own money into the industry. The more collectors there are, the more value these cards get. Here’s a bold claim, but it is seemingly only a matter of time before the digital eclipses the physical.
So be on the lookout for digital versions of sports cards you know and love. All of those stories of people selling rare baseball cards for thousands of dollars just might be you one day - except in this case, you’ll never have to worry about accidentally smudging the card or bending a corner on the way to your sale.