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Collectible Tokenization Types

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Published
09/28/2024

The shift to a digital format has been happening in virtually all areas for some time now. Perhaps the most noticeable to us has been the shift of music and print to the online world. But there has been a shift that will soon become too big to notice: the tokenization of collectibles.

Even if you are familiar with the movement of cryptocurrencies, the world of NFT (non-fungible tokens) is an entirely different beast. Before you know it, many of your favorite collectibles are going to be offered in digital format. Here’s what you need to know.


Trading Cards

Businesses are looking to fund their ventures through a number of avenues. Through the process of tokenization, which you can click here to learn about, assets can be offered in a digital format for potential investors to purchase. Everything you can imagine, from artwork to even trading cards, is being offered in a digital format.

Trading cards have seen a stark shift in terms of tokenized assets. We have seen a number of hugely successful trading card NFT projects. Cryptokitties arguably began the trend in 2017 and has been hugely successful. Since then, Sorare, Curio Cards, NBA Top Shot, and others have hit the market to create a plethora of collectible opportunities that can only be owned in digital form.

Artwork

If you want to look at one category of collectibles that has really spiked interest in a digital format, artwork is the place to look. Some artwork has collected incredible price tags, enriching not only the artists that sell them but the collectors that chase them.

The great thing about NFT art is that it can run the gamut. It can be as simple as a picture, can include short clips, and even digital portraits. Famous creators have proven that this avenue can be quite lucrative for those who have artwork in demand and investors have proven that value can be cultivated in the right digital investment.

Games

Gaming has grown by leaps and bounds over the last two decades. What was once considered to be a niche activity is now a billion-dollar industry catering to millions of players across a number of different platforms.

Because of that success, it only makes sense that NFTs would move into the gaming arena. Now, collectors can purchase NFT collectibles featuring not only games but individual items from within those games. The in-game market has developed into a multi-million-dollar industry in just a short period of time.

Driven by Web 3 technology, it is possible to capture individual game elements. Things like creatures, skins, weaponry, maps, and more can all be collected. Those looking to find a solid investment while also capturing an important part of gaming history can get the best of both worlds in a single NFT. It is one of the most unique collectible opportunities there is and illustrates just how diverse the NFT market can be.

Sports Moments

One of the unique things about NFTs is that they change the way that we look at collectibles. In physical form, these assets are unmoving, unchanging. In digital form, they can encapsulate things that were never before thought possible. For instance, some of the biggest moments in the history of sports can be collected and cultivated for financial gain.

There have been an array of unforgettable sports moments that fans have enjoyed throughout the years. But what if you could collect them? Sports enthusiasts have already paid a pretty penny to capture some of the most memorable moments in short clips. That includes record-breaking moments and some of the biggest shots, hits, and goals to ever happen.

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