Collectible NFT cards have been around for a long time.
There was a time when baseball card collectors would be in constant competition to see who could get the newest and most valuable card, hoping they might find one that would give them bragging rights over their friends. But times change, and so do people’s tastes in what they collect. Today there are many different types of trading cards and, in some cases, digital ones as well. And while it may not seem like it at first glance, this trend has actually led to more innovation than ever before which is good for both collectors and traders alike.
The development of NFTs is a contributing factor to these non-fungible tokens (NFT). NFTs are moving over the world of collectibles, with both amateurs and investors getting in on the action. Anything and everything, from paintings to tweets, is being purchased and sold. One of the most popular trends in non-traditional trading card collecting is the use of digital trading cards. Even if there are some headwinds, the first lawsuit argues that NFT cards should be exempt from securities laws. These cards are not officially registered securities. This trend appears to be one that will continue in the long run.
Why some NFT Trading Cards collectors are bothered by securities
But some collectors are not happy with this trend, feeling that it’s being held back by laws that don’t quite fit. securities law. They argue that, since NFT cards are not officially registered as securities, they should be exempt from these regulations. This would allow for more innovation in the space and could lead to even greater growth in the trading card market.
Whether or not this exemption will be granted is still up in the air, but if it does happen, it could mean big things for the world of non-traditional trading cards. And with so many different types of cards and collectors out there, it’s sure to be an exciting ride.
NFT Trading Cards Accessible to All
One of the great things about digital trading cards is that they are accessible to everyone. You don’t need to be a millionaire to get in on the action; you can start with just a few dollars and work your way up. This is in stark contrast to traditional trading cards, which can often be quite expensive.
This accessibility has led to a more diverse group of collectors, and as the market grows, it will only continue to do so. So whether you’re a seasoned trader or just getting started, there’s something for everyone in the world of NFT trading cards.
The Ethereum Network plays an important role in NFTs transactions, as these run on the blockchain. This means that there might be some limitations for those who want to purchase digital trading cards due its high cost and restrictiveness with numbers of people purchasing them at once (which could lead into more collectibles).
NFT Trading Cards are the Future
The future looks bright for non-traditional trading cards, and it’s hard to imagine that they will go anywhere anytime soon. While there are some risks involved, many collectors see them as a more accessible alternative to traditional cards. Not only that, but they also offer different opportunities for traders looking for something new.
While the trading of traditional cards in stocks has taken place for decades, it’s never been more popular.
Chang Yung-ti, an avid player in the world of digital blockchain-based games thinks that this trend will continue for years to come.
“Digital collectibles are my favourite way of collecting.” He says “I got into the habit after I started playing CryptoKitties back when it launched in 2017, and haven’t looked back since.” When asked about how he manages his collection, he is quite open about his chosen strategy: “A lot of people sell off their rarer pieces, but they don’t realise how much they could get if they held onto them. Even with the most common cats selling for $1-$2 now, they could easily be worth $10 in a few years.”
The popularity of digital collectibles has seen a recent surge due to the development of NFTs. These tokens are unique and cannot be replicated, making them perfect for the world of collectibles. While there are some risks associated with this new technology, it is clear that the potential rewards are great.
One of the first lawsuits involving NFT cards was filed in March 2019 by blockchain gaming company Dapper Labs against game developers Valve Corporation. The suit alleges that Valve’s game “Counter-Strike: Global Offensive” infringes on Dapper Lab’s copyright for its “CryptoKitties” game, which includes NFT cards.
While these lawsuits may seem like a risk, Chang Yung-ti is not worried. He states: “My biggest fear would be the results of any major legal cases related to digital collectibles – for example if copyright law was changed to make it illegal to trade non-physical items.” However, he believes that this won’t happen as there are too many benefits compared to risks.
The future of trading cards looks bright and full of opportunity, especially with the development of NFTs over the last few years. While there are some risks associated with investing in a digital format instead of a physical one, many people seem excited about the potential for widespread growth in this industry. With the first lawsuit involving NFT cards already filed, it will be interesting to see how this new technology develops in the coming years.