Investing in NFT Trading Card | Motley Fool

2021-12-14 11:35:44 By : Ms. Alice Yang

The Motley Fool was founded by brothers Tom and David Gardner in 1993. Through our website, podcasts, books, newspaper columns, radio programs and quality investment services, we help millions of people achieve financial freedom.

Unique items such as baseball cards, paintings, stamps, and rare coins have long been valuable to collectors. Their uniqueness and rarity give them value. Some of the rarest trading cards have sold millions of dollars.

The same uniqueness entered the digital realm in the form of non-fungible tokens (NFT). Digital creators are making NFTs into collectibles such as trading cards. Moreover, like physical transaction cards, collectors hope that the unique properties of NFT transaction cards will make them more and more valuable.

Let's take a look at how to invest in a digital NFT trading card.

NFT transaction cards are created on the blockchain, and the most common is Ethereum (CRYPTO:ETH). Although they are not tangible (meaning you can't actually hold them), NFT holders have a contract with a digital transaction card in a sense. If it appreciates, the NFT owner can sell it for a profit.

More and more digital collectibles, including transaction cards. Some digital NFT trading cards that investors may want to consider include:

Digital collectibles officially authorized by the NBA.

One of the first NFT art projects on the Ethereum blockchain.

The office NFT platform of Major League Baseball.

The first free multiplayer game based on blockchain.

These digital NFT transaction cards are described in detail below.

NBA Top Shot is an NFT market where fans can trade, sell and buy NFTs of NBA moments. These NFTs are great clips that work like trading cards. Fans can even purchase instant packs, similar to buying physical transaction card packs. 

NBA Top Shot has sold NFT trading cards worth more than $500 million. The most valuable moment was LeBron James' dunk against the Houston Rockets, which was sold for $387,600. 

Curio Cards is a set of 30 unique digital NFT trading cards containing artworks from seven different artists. They are one of the first NFT art projects completed on the Ethereum blockchain.

The value of antique cards lies in their rarity. The creators only minted 29,700 cards, and an estimated 4,000 cards were lost or destroyed. Therefore, in the 30 card series, the supply of each card varies from 111 to 2,000. The full set of cards was sold in 2021 for more than 1.2 million U.S. dollars. 

Candy Digital is the official NFT platform of Major League Baseball. It allows fans and collectors to buy, sell and trade officially licensed MLB NFTs.

In addition to sports trading cards, the platform also creates and sells digital sports souvenirs. These collections include digital goods such as jerseys and matches of the day, as well as personalized experiences, such as pitching in the stadium of your favorite team. 

SoRare is a digital football game that allows users to buy, sell, trade and manage virtual teams using NFT player cards. It uses blockchain technology based on Ethereum. 

The platform allows users to play virtual games with a team of five football players. It has won the rights to several European football giants as well as the MLS, South Korea and Japan football leagues, allowing gamers to form teams around their favorite players.

Axie Infinity is a popular NFT game. It allows players to collect, fight, raise, breed, trade, and build a digital kingdom called Axies for their pets. They can use transaction cards to provide Axies with additional capabilities. There are more than 130 trading cards in the game, divided into 6 primary classes and 3 secret classes.

Each Axie is also a unique NFT. Players can create more valuable axes by using cards with enhanced skills. A single Axie has been sold for more than US$800,000, and a piece of digital land in the Axie Infinity Metaverse has sold for more than US$2.3 million.

Gods Unchained is the world's first free multiplayer game based on blockchain. The NFT trading card game uses the Ethereum blockchain. 

Game players need to use strategy to outsmart opponents by creating trading decks to fight other players. Users own their digital NFT cards, enabling them to buy, sell, trade, or use them as they see fit. God Unchained is a game earning game that allows players to earn in-game items (NFT), which they can sell in exchange for cash. Players can also sell the NFT trading cards they created in the game.

Digital NFT transaction cards are very much like physical cards because their uniqueness makes them more valuable. Finding something truly rare and extremely valuable is not easy. Investors need to invest a lot of energy to understand this emerging market in order to find an investment that can return their time and money. Therefore, for those who have no interest in owning these types of collectibles, this may not be the best investment opportunity. Trying to find an NFT trading card that turns out to be a rare winner may lose a lot of money.

The discount offer is only applicable to new members. The stock advisor will renew the subscription at the then quoted price. The price of the stock advisor is $199 per year.

Stock Advisor was launched in February 2002. Returns as of December 14, 2021.

The average return of all referrals since its inception. The cost basis and return are based on the closing price of the previous market day.

Make the world smarter, happier, and richer.

Market data powered by Xignite.