-
NFL and Crypto’s Growing Entanglement - 7th December 2021
-
Gambling with NFTs and Crypto - 17th June 2021
-
What Exactly is Bitcoin Mining? - 26th April 2021
-
Cryptocurrencies Over The Past Three Years - 12th March 2021
-
Online Crypto Gambling in Canada - 3rd March 2021
-
Some Tips on Crypto - 2nd March 2021
-
Where Does Ripple Fit Into The History of Money? - 2nd March 2021
-
Bitcoin Trading Tips - 4th February 2021
-
The Top Trends In The Fintech Sector In 2021 - 29th December 2020
-
What You Need To Know When Trading Stablecoins - 19th December 2020
Panini Trading Cards on Blockchain Technology
With licensed subsidiaries and third party providers around the world, Panini have for decades been recognised as the leaders in providing sporting collectibles in the form of trading cards. The American division have now announced that they will introduce the first officially-licensed trading cards for 100 top athletes featuring blockchain technology in January 2020.
.@PaniniAmerica becomes first to launch officially licensed @NBA, @NFL, @MLB_PLAYERS trading cards featuring #Blockchain technology. #WhoDoYouCollect #PaniniBlockchain https://t.co/2HzovKFs0Y pic.twitter.com/8uJE8sYwBk
— Panini America (@PaniniAmerica) December 19, 2019
The sporting celebrities will be drawn from multiple fields and include the likes of Honus Wagner, Mickey Mantle, Kobe Bryant, Barry Sanders, Peyton Manning, Neymar, Diego Maradona and Gareth Bale. Each digital card will be a unique one-of-one that will come with a physical version and include the personality’s autograph and may incorporate other items of memorabilia.
Blockchain Without Cryptocurrency
Ten cards are scheduled to be released each week and sold in an auction format on a closed Panini blockchain platform which will allow collectors to buy, sell and store their digital trading card assets.
Although Panini America have taken the step into blockchain technology they are not yet willing to adopt cryptocurrency as a payment option and will still rely on bids in U.S. dollars.
According to their press release, blockchain versions of physical trading cards for the National Football League (NFL), National Basketball Association (NBA), and the Major League Baseball Players Association (MLBPA) are likely to follow as the secondary market sees single trades in the six figure bracket and blockchain technology “…ensures another level of authentication for Panini’s products and high value cards.”
Mark Warsop, CEO of Panini America, explained the decision to use blockchain without cryptocurrency by stating, “We have spent years researching and exploring the best possible way to incorporate blockchain into our trading cards as another level of authentication – as well as the best way to introduce blockchain to sports fans and collectors… the fact that the cards will be sold in U.S. dollars rather than digital currency will help fans and collectors have a better understanding…”