Baseball Collectibles Firm, Topps Launches NFTs

Baseball Collectibles Firm, Topps Launches NFTs

NFT
March 30, 2022 by Editor
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Topps, which has licenced Major League Baseball (MLB) collectible cards for years, has revealed that licenced digital collectibles non-fungible tokens (NFT) will be available next week. It’s not the company’s first foray into digital collectibles; it already has several games, including the baseball-themed Topps BUNT. It has already launched NFTs with other partners, but this
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Topps, which has licenced Major League Baseball (MLB) collectible cards for years, has revealed that licenced digital collectibles non-fungible tokens (NFT) will be available next week.

It’s not the company’s first foray into digital collectibles; it already has several games, including the baseball-themed Topps BUNT. It has already launched NFTs with other partners, but this is the company’s first foray into baseball NFTs.

 


NFTs are unique in the way since they can be used to prove ownership through blockchain exchange. Besides, they can be used potentially in other applications such as fantasy sports competitions.

Art from the physical 2021 Series 1 Baseball release will be included in the NFTs, with some of it being “digitally enhanced and creatively reimagined.”

The digital collectibles will be published in a series of regular and premium tiers, similar to physical cards. Tobin Lent, VP & General Manager of Topps Digital Sports & Entertainment, said, “The relationship between Major League Baseball, MLB Players, Inc., and Topps has delighted collectors and fans for decades, showcasing the legendary players and iconic moments that have characterized America’s Pastime.”

Also, read – What are Custodial and Non-Custodial NFTs


NFTs would “provide another enjoyable avenue for fans to collect their favourite heroes and moments with stable digital ownership on the blockchain,” he added. Topps’ latest product follows in the footsteps of the NBA Top Shot game, which has surpassed $500 million in total revenue.

The vast majority of the money came from re-sales, where the platform also gets a 10% share. Meanwhile, Topps creates collectibles for various other sports teams, including the UEFA Champions League, Formula One, and Star Wars. The solution makes use of the World Asset eXchange (WAX) wallet in terms of technology.

The usability isn’t quite as polished as NBA Top Shot, but it has a week before it launches on April 20 to polish the experience. Since an NFT dApp on Ethereum experienced an increase in blockchain loads and high fees in 2018, WAX created its blockchain protocol.

This is close to the storey behind NBA Top Shot developer Dapper Lab’s Flow Blockchain. The WAX team was once affiliated with Valve, the organization behind Steam, Half Life 2, and the Counter-Strike MMOG, but WAX broke away. Resultantly, its initial mission revolved around in-game objects and NFTs.

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