When the virtual becomes reality
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NFT collectibles are on the rise, but are they a bubble about to burst or a revolution about to break?
NFT trading cards are virtual representations of your base or underlying physical asset. By being represented on the blockchain, these cards gain immutability and public verification of ownership. Even if the physical version is lost or destroyed, the NFT will endure and live on the blockchain for as long as it exists.
Trading cards, like works of art, are unique items, and their move into the digital realm is growing at a rate where collectibles as a whole are becoming an investment class. Outside of the cryptocurrency space, sales of collectible cards have taken off.
What are NFT trading cards?
NFT collectible cards are digital cards that exist on a blockchain network. Thanks to this technology, people can verify the authenticity and ownership of NFT collectible cards.
How do NFT trading cards work?
Just like real-life collectible cards, NFT cards are valued based on their rarity, utility, and certification. Many collectors buy them to show off, just like fans do with physical cards at conventions. Others collect NFT cards as investments, selling those that increase in value.
Trading cards have been around for a long time. Items like Pokémon cards and baseball cards have lasting value for collectors. The uniqueness and rarity of some cards gives them a value beyond sentimentality. However, issues such as the lengthy authentication process and maintenance of the cards have become a challenge for collectors. NFT technology has solved many problems with physical collectibles and may even improve the way we store and collect things of value in the future.