Quote:
Originally Posted by Snowman
That would be a colossal mistake. NFTs are not the future of this hobby. I have no doubt that they will try to push it, but it won't succeed. They'll win over some crypto enthusiasts who just want to invest in what they hope is the next digital frontier, but it's a massive failure to overlook the psychological aspects of what it means to be a collector in the first place. People who collect, which are still the core of this hobby and always will be, have emotional and physical connections to their collections. You can't just separate that aspect and send them all pictures of fake cards instead. The only people who would buy NFTs are people looking to invest who don't take the time to understand the roots of this hobby that actually make the grass grow. It might survive as an adjacent or tangential product, but I just don't see it ever actually taking over as the primary sports collectors' product.
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I’m a gigantic crypto enthusiast. I’ve been in ETH since the pre-mine ICO. I’ve given two presentations to my company’s board about allocating a percentage of our treasury or quarterly TCI into crypto. I guided my CFO through her first personal crypto purchase. That being said - NFTs (As they are popular now) are the absolute dumbest thing I have seen and it baffles me. People irrationally dropping $10k on digital 8-bit images then losing almost that much in gas fees because they don’t take five minutes to check network congestion. It’s idiotic. But the again I collect pictures of dudes playing sports so to each their own.