Memes, tweets, digital collectables, digital drawings and new media art. One of the best-known applications of NFT in art undoubtedly goes to Beeple, who sold his work “First 5000 Days” for $69.3 million.
By digitizing their artworks, the artists can make their collections easily accessible to every kind of buyer around the world regardless of their geographical locations. Though one might not get the chance to market their works across all the jurisdictions due to regulatory issues, they can certainly target a much bigger market than they could have, if they were selling their artworks physically.
NFT Art is disrupting the actual art market and creating some new opportunities (like when social media started). But this NFT hype is created by celebrities and investors who carried out a passionate purchase.
Athletes and collectors can license digital memorabilia but also buyers get to be part of an immersive experience or exclusive club. Signed physical merch, tickets to sports tournaments and events, locker room access and much more are some attractive perks of select sports NFTs.
Your favorite sports cards can incorporate animation, music, autographs, or even the voice-in-off of the athlete. Also, companies may do special challenges and promotions where holders of certain cards may receive extra bonus cards or packs. All of this can be done while your cards remain unique and traceable to you, the owner.
Traceable history. It is possible to know the previous owners and prices at which the cards have traded. This is valuable information for both investors and collectors and makes everything more transparent.
No shipping costs. There is no need to pay buying costs from buying, selling, or sending cards to a grading service.
The true number of all cards. It is possible to know the total number of copies made and is verifiable.
Easy to purchase. Setting up a crypto wallet is easy. Once it is done, it is easy to connect your wallet to an NFT platform and buy NFTs with a few clicks of the mouse.
No defects. Traditional cards may have defects that affect the value of the card. card grading services will rate the cards from 1 to 10. Usually, anything less than a 10 diminishes the value of the card.
Less risk of fraudulent cards. NFTs sports cards can be verified on a public record AKA the blockchain.
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