NFT Trading Cards: What Are They and How Do They Work?
Undoubtedly, NFTs are making their name in the mainstream decentralized world. But NFT art, memes, videos and music aren’t the only assets popular in the market.
The demand for decks of rare cards of baseball, basketball, stamps and coins is also high. These are NFT trading cards which are slowly gaining momentum in the community.
You may have heard about Pokemon cards. Once upon a time, gamers and kids were crazy to collect it. The NFT trading cards are similar to physical cards you used to collect as kids.
They offer multiple utilities as per their nature. Some people buy it as an investment. While some like to collect rare cards. Gamers are passionate about collecting exclusive gaming cards to complete their missions.
Youtube star Logan Paul became a millionaire by launching his own NFTs collections. he made over $5 million in a matter of a few days through the sale of 3000 NFTs including Pokemon cards. His first three editions of the Pokemon cards packs were valued at $40,000.
Let us dive deeper into what are these trading cards and they work.
What Are NFT Trading Cards?
NFT trading cards are actually NFTs or non-fungible tokens. NFTs are digital tokens on the blockchain that represents an asset and store its data on the blockchain network.
Similarly, an NFT trading card is created on the blockchain network. It is created by converting any digital file into an NFT.
However, there is one key difference between NFT and NFT trading cards. While some NFTs can exist single, trading cards are always released in decks or packs.
You can buy a whole pack or a few rare cards of the pack. Each pack or deck has its own attributes and utility.
For example, NBA Top Shot NFTs exist as cards in packs. Unique and popular moments of the NBA Top Shot are converted into non-fungible tokens. Moreover, NBA moments or cards are divided into four packs category. They are legendary, rare, fandom and common. Each pack has its own supply limit and utility.
Popular Trading Card NFTs
Some of the popular trading cards are:
· NBA Top Shot
· Gods Unchained
· Curio Cards
· SoRare
· Axie Infinity
· Candy Digital
How Do NFT Trading Cards Works?
Trading cards are extremely unique items similar to other digital assets. Some cards have very high rarity scores and are sold in millions. NBA Top Shot LeBron James Dunk moment was sold for $1,000,000.
As per its nature, trading cards offer multiple utilities to their buyers. You can buy a trading card just to brag and show off online. Or you can buy exclusive cards of basketball, baseball or stamps to add to your collection. Some also buy cards for specific games just because they are passionate about them.
For gamers, trading cards are a way to level up their games. Acquiring rare game cards of a particular deck gives them access to premium weapons. These help them to complete missions and win rewards. They can even buy or sell these cards on NFT marketplaces.
For example, in games like Gods Unchained players collect cards to create decks. They then use these decks to battle against other players. You can even profit from selling these cards on marketplaces. As a user, you have the freedom to use your cards to buy, sell or use them as you wish.
Last but not the least, you can see trading cards as an investment. You can get rare cards at lower rates and resell them when their value increases in the market.
Trading cards are similar to NFTs in their foundational technology and mechanism. Like NFTs, all the data of the trading cards are stored on the blockchain. Being stored on the blockchain, the data are immutable, irreversible and hack proof. Moreover, blockchain technology makes the entire system of digital trading cards decentralized and transparent.
Conclusion
NFT trading cards have given meaning to the mint collection cards, their ownership and utility. With blockchain and crypto tokens you can easily preserve and authenticate rare collectibles and cards. It has revolutionised the collectible and physical cards industry forever.
You can mint and sell rare trading cards NFT from your own white label store on NFTICALLY. Moreover, you can even explore the marketplace, buy rare cards and resell them from your NFT store. Sign up today and start your NFT venture today with NFTICALLY.
