Tom Brady launching his own NFT company.
Goldenage
Posts: 3,278 ✭✭✭✭✭
The possibilities are endless. Big money is going to roll into this incredible new way of collecting sports moments on your phone.
I know there are naysayers on this board, and rightly so, we've collected cardboard our entire life.
But there is something new that is going to grow to infinity and beyond.
Both the card market and the NFT market can survive together.
Some like the Big Mac. Some like the Whopper.
https://www.cnn.com/2021/04/06/tech/tom-brady-nft-autograph/index.html
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Comments
Topps is going public through a SPAC and venture into NFT's
https://www.cnbc.com/2021/04/06/baseball-card-company-topps-to-go-public-through-spac-deal.html
I wonder if NFT buyers ever suffer from buyer’s remorse when they have a moment of clarity and realize they bought....nothing....
I don't entirely understand it, therefore I am afraid of it. Not really, but you probably know what I mean. It makes no sense to me. Your burger analogy makes sense, except you can eat both sandwiches, they just taste different. You can't hold both a card and a NFT in your hands (well, with a phone, I guess you can hold the NFT, from what I understand).
I am happy to not be involved and won't regret missing out if it makes lots of believers other than me rich.
I'm not afraid of it, exactly, but I'm keeping my money far, far away. Same as Bitcoin. I'm happy to let someone else make all the money.
I can see a gen z grandpa 50 years from now showing off his video nft lol reminds me of 80’s vhs tape collectors
He may be too late, looks like the NFT party may be coming to an end: https://observer.com/2021/04/nft-crypto-bubble-trading-decline/
As always time will tell.
Because some transactions are 70% lower ? That's the crux of the article. Some NFT transactions are 70% lower.
Mike Trout 2011 rookie cards in PSA 10 went from $7,000 to $4,000 in two months. Are the sales of Mike Trout rookie
cards "coming to an end" because of their high percentage drop in two months ?
That's all good, but I wonder, why pay 3 million for a Honus Wagner card in a PSA holder when you can own a picture of the card on your phone ?
To people in the new digital age, don't you think it sounds silly to them that someone would pay millions of dollars to own sports cards when they can pay nothing to own all those images right on their phone or laptop ? They never have to worry about insurance, sending cards in the mail. All they have to do is send a phone image to a friend, free of charge, and that person too can own those million dollar cards on their phone.
It's all a matter of perspective. Some people are perfectly happy owning images on their phone of cards others are willing to pay millions of dollars for. Just think. Someone goes through all the trouble to acquire a million dollar card, insure it, find a safe place for it, and never be able to touch it because it's inside a plastic holder. They can never actually touch or hold that card. Same thing for the person with the phone. They can never touch or hold the card either, but they can look at it just like the owner of the card can. Plus they can "own" an image of every high dollar card in existence that has had it's picture taken. No one can ever touch these cards because their inside solid plastic holders (whether it be from PSA or Apple).
I'm a cardboard sniffer myself. I'm old school. So I like to have raw cards. But the expensive graded card industry doesn't allow for anyone to touch these cards anymore, or hold them, or smell them. Lol.
Tom Brady will be eventually be folding to purchasing from the same network as everyone else. #THETA - NFT Godzilla!
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and some like the Big Mic!
Ok so I don’t understand it either but it sounds like you can purchase an image of let’s say a 52 mantle for x amount of dollars and just own an image of it correct? So using the 52 mantle what does 1 image cost? Or use a Jordan if you like. Then are there a finite number of images available for purchase? Are some limited? Now is my chance to learn!!!!!!’
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Of course it doesn't work that way, otherwise they'd have no "value" at all. For you to send an NFT to a friend, you'd have to remove it from your phone, or just get a "regular", that is unlicensed, copy.
In much the same way, photocopies of my Wagner have no value.
Most items that become coveted collectibles seem to be about bragging rights. Ownership and knowing that you own it, whether or not you show it off, but mostly for showing it off to someone. However, I still think a lot of those items brings the owners back to something personal in their lives. Childhood memories, adult experiences or whatever connects you to a card, car, record album or whatever else people collect. I think about my own collection and think that this applies to me to some regard. I have so many items that I wanted (needed) to own, just to check off a box in my head and be able to say (if even only to myself) that i own it. All the while, reminding me of a moment in time that I enjoy recalling. A lot of it gets buried in boxes, albums or other means of storage though and i may not see items for weeks, months or even years. What is the point if it just hides away in a box? I do enjoy unearthing a box of stuff i had not looked at for a while and remembering what I actually have, but in the end I have to admit that collecting cards is an odd hobby in general.
Just like most people wouldn't spend millions on a baseball card, a painting, a vase or sports car, most people certainly wouldn't spend millions on a digital NFT. Collectors tend to be fringe in most cases. I guess when it comes down to it, the more expendable income you have, the easier it is to buy stuff JUST BECAUSE. And just guessing, but a lot of ultra rich people want to also have something that they hope can turn to cash quicker later on, hopefully even appreciating significantly while they own it.
I guess I just don't see how these NFT will ever feel the same for most though, outside of being a potential investment that one hopes will grow. Especially if what I was reading is true, that they could vanish into thin air if the host ends up going out of business. There is something to be said about holding an item in your hand vs it being digital. I do see my kids being fairly minimalistic though. They don't seem to want the clutter that past generations accumulated. Maybe NFTs become the new clutter?