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Decoding the Popularity of NFT Trading Cards in Recent Timesby@annalisagrande
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Decoding the Popularity of NFT Trading Cards in Recent Times

by Irene LillieAugust 21st, 2022
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An NFT trading card is a digital trading card that exists on the Blockchain. Thanks to blockchain technology, anyone can verify the authenticity and ownership of the NFT Trading Card easily. Similar to real-life trading cards, NFT trading cards are priced depending on their rarity, utility, and certification. Collectors buy NFT Trading Cards to display in their personal galleries or sell on the secondary market in hopes of making a profit.

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An NFT trading card is a digital trading card that exists on the Blockchain. Thanks to blockchain technology, anyone can verify the authenticity and ownership of the NFT Trading Card easily.

Similar to real-life trading cards, NFT trading cards are priced depending on their rarity, utility, and certification.


Collectors buy NFT Trading Cards to display in their personal galleries or sell on the secondary market in hopes of making a profit.


Popularity

From then to now, trading cards have become one of the most valuable assets one can own as a collector. They are willing to spend a large amount of money, even thousands of dollars, to be able to own their favorite collection.


Problems and solutions

Physical trading cards are familiar to users in the market, so converting them into digital trading cards in the form of NFT will create many problems for users. Instead, launching trading cards in the form of NFT solved many of the problems that physical trading cards have not been able to do, but still ensured that they keep the value that they have.



Problems with physical trading cards

  • Confusing authentication process: When a buyer spends some money to buy some cards, there is a process of verifying the authenticity of the physical card.
  • Not much variety and little utility in terms of cards: Many artists have limited access to buyers (in terms of places to buy and sell and media), making it difficult to reach people who want to buy trading cards.
  • Physical wear and tear and loss of value: Real-life trading cards are prone to wrinkles, fading, and scratches. This reduces their value.
  • Time-consuming in verifying authenticity: In the trading card exchange market. There are so many sources of supply today, so it takes a lot of time to consider and choose to make a decision.


NFT Trading Cards were born and are becoming more and more popular. They were born to solve the problems that physical trading cards face:

  • The authentication process is easy because they work based on blockchain technology. With NFT Trading Card, the items owned by the buyer will be verified for authenticity and exclusivity and have an identifier for each item. This solves the authenticity of each NFT.
  • NFT is often listed on the NFT exchange platform. Many artists are flexible in choosing a platform to list trading cards, and diverse items, bringing many choices to buyers. It can also be an easy way to reach new customers who are unfamiliar with trading cards.
  • To solve the problem of the nature of physical trading cards, such as wear and tear and loss of value, The NFT trading card is completely guaranteed to solve those problems. NFT Trading Cards are digital products. They are guaranteed on blockchain technology, so buyers do not need to worry about physical wear and tear, losing the value of each NFT Trading Card.
  • For NFT Trading Cards, the verification of transactions will become fast and it will not take long to verify their authenticity because of the construction of the blockchain system.


What values does NFT bring from NFT Trading Card?

Many collectors buy NFT trading cards for display, just like hobbyists collect physical cards at conferences. Others collect NFTs as investments, selling off tokens that appreciate in value.

Trading cards are inherently loved by many readers.


Therefore, trading cards are very popular around the world. Now that technology is advancing rapidly and the market for NFTs is exploding, trading cards are slowly going digital, and so are their collectors.


The value of each deck or card build is determined depending on its use, rarity, and popularity. The biggest factors affecting the NFT trading card value are consumer interest and rarity.


Drivers of transaction card value:

  • Rarity: each NFT has a different rarity depending on the quantity.
  • Utilities: In a game project, when owning an NFT Trading Card that provides unique applications or represents stronger or weaker game characters, newer characters,...
  • Certification: value can also come from certificates, licenses, from clubs, or official sports leagues.


Some outstanding projects about Trading Cards

An NFT Trading Card can be a baseball card, a digital soccer game, a digital pet universe, activity clips, or team management using player cards.


Some outstanding projects on trading cards:


Curio Cards

The Curio Card is a unique set of 30 digital tokens and they are considered the first NFT art project on the Blockchain system.


The special feature of Curio Cards is that they are numbered from 1 to 30, and they come from 7 different artists, each with their own style.


Crypto Strikers (aka Wrapped Strikers)

The first sports NFT project on Ethereum.


This is a collection that includes 10261 digital soccer trading cards, including the participation of 100 players from the 2018 FIFA World Cup, with 32 items of which are limited edition in the Iconic Set.


Above are my sharing about NFTS, hope you will get a lot of information through this article. Thank you for reading!