Unique items such as paintings, stamps, and baseball cards have been very valuable to collectors for long. These items gain value from their uniqueness and rarity, with some of the rarest cards being sold for millions of dollars. The same uniqueness has moved to the digital world, leading to the emergence of NFT cards.
NFT trading cards have become a popular way of owning and trading digital assets. However, their concept can be confusing if you are new to the world of NFTs. In this article, we discuss everything you need to know about NFT cards, from what they are, to how they work, their value, and use cases. Whether you’re an experienced NFT collector or a beginner, this guide will give you a solid understanding of trading cards NFT.
What are NFT Cards?
NFT cards are digital collectibles that use blockchain technology for transparent and secure ownership and trading. NFTs are non-fungible tokens. This means that NFT trading cards are unique and have proof of authenticity, making them valuable and collectible just like physical trading cards.
How NFT Trading Cards Work
NFT cards are created on the blockchain, mostly Ethereum. They are not tangible (you cannot hold them physically), but the NFT holder owns the deed to the NFT card. If the value of the card appreciates, the owner can sell it for a profit.
The value of an NFT trading card depends on its usefulness, rarity, and authenticity. Collectors can buy NFT cards to display them, the same way hobbyists display physical cards at conventions. Others see NFT trading cards as investments that can be sold once their value increases.
However, just like traditional trading cards, the value of NFT cards can fluctuate. New NFT collections are continuously launched into the NFT market, which can result in new trends. That is why you should conduct thorough research before investing in any NFT card.
What Makes NFT Cards Valuable?
Many factors give value to trading cards NFT. These include the following:
#1: Rarity
Some NFT cards are one-of-a-kind or limited edition, which makes them valuable collectibles. Rare digital collectibles have higher value and demand than common ones.
#2: Historical Significance
NFT cards that represent parts of historical events or were created during a particular time can gain much value from their historical significance.
#3: The Popularity of the Creator or Franchise
The creator of an NFT card can determine its value. NFT cards created by popular celebrities, artists, or franchises can have more value than others.
#4: Condition
The condition of an NFT trading card can determine its value, just like with physical trading cards. This can include the design of the card, any defects or errors, and its overall rarity.
Where are NFT Cards used?
NFT cards have several use cases. Some of these include the following:
#1: Collection and Display
NFT trading cards are unique and one-of-a-kind. Many people collect them to add to their collection of digital items or to display them on social media platforms.
#2: Trading and Investment
NFT cards are an investment to many people. They can be bought and sold at a profit.
#3: In-Game use
Play-to-earn games have become popular today as they provide players with a way to earn crypto while having entertainment. NFT cards can be used in certain games and applications, giving the collectible an additional layer of functionality.
Where to Buy NFT Trading Cards
NFT trading cards are sold on NFT marketplaces, which are online platforms for buying and selling NFTs. Below are platforms where to buy NFT cards:
#1: OpenSea
OpenSea has the highest number of NFTs listed for sale. These NFTs fall under different categories including sports, gaming trading cards, and blockchain gaming NFTs. The marketplace will require you to connect your NFT wallet to the platform to purchase an NFT trading card. The wallet should be funded with enough ETH for purchasing the NFT.
#2: NBA Top Shot
The NBA Top Shot NFT marketplace features officially licensed NBA NFT trading cards.
These NFTs feature memorable events and game highlights from NBA games. You can also buy packs of moments, just like buying packs of physical trading cards. The platform has sold NFT cards worth over $500 million. The most memorable moment was the sale of LeBron James’ dunk against the Houston Rockets for $387,600.
#3: Rarible
Rarible is a decentralized NFT marketplace for NFT cards. It allows NFT creators to sell their NFTs directly to their buyers.
#4: Sorare Marketplace
Sorare is a fantasy soccer marketplace that features player trading cards. It enables collectors and fans to buy, sell, and trade officially licensed MLB NFTs.
Other than the sports NFT trading cards, the platform also creates and sells digital sports memorabilia pieces. These collectibles feature digital goods such as plays of the day and jerseys, plus personalized experiences like throwing a pitch in the stadium of your favorite team.
#5: Candy Digital
Candy Digital is the official NFT marketplace for Major League Baseball.
Best Trading Cards NFT to Buy
The following are some of the best NFT cards that investors should consider buying:
#1: Curio Cards
Curio Cards comprises 30 unique digital NFT cards that feature artworks from seven different artists. They were among the first NFT art projects to be completed on the Ethereum blockchain.
Curio Cards derive value from their rarity. Only 29,700 NFT cards were minted, with about 4,000 cards being destroyed. As a result, the 30-card series has a supply of 111 to 2,000 per card. In 2021, a complete set of cards was sold for over $1.2 million.
#2: Axie Infinity
Axie Infinity is a popular play-to-earn game. It lets players battle, collect, breed, raise, trade, and build a digital kingdom of their pets known as Axies. They can use NFT trading cards to give their Axies additional capabilities. There are over 130 NFT cards in the game grouped into six primary classes and three secret classes.
Each Axie is unique. Players can increase the value of their Axies by the use of cards that enhance their skills. The most expensive Axie was sold for $800,000, and a piece of plot in the Axie Infinity Metaverse was sold for more than $2.3 million.
#3: Gods Unchained
Gods Unchained was the first free-to-play, multi-player game to be launched on the blockchain. The game uses NFT cards and runs on the Ethereum blockchain.
The game players should use a strategy to outsmart their opponents by creating decks of NFT cards that can be used to combat other players. Players own the NFT trading cards they hold, meaning they can buy, sell, or trade them. It is a play-to-earn game in which players earn in-game items which they can sell for cash. The gamers can also sell the NFT cards they create in the game.
#4: CryptoKitties
CryptoKitties are NFT cards and one of the early attempts at blockchain games. The project comprises cats sold as NFTs. Days after the launch of the project, one CryptoKitty was sold for over $100,000 in Ethereum. The game had also recorded sales worth over $1 million.
What makes CryptoKitties unbelievable is that there is no gameplay or goal. Players only have to collect and breed digital cats. Once you breed two CryptoKitties, you are given a new one with attributes based on the genes of the parent. There are also mutations, allowing new cats to have traits not inherited from their parents.
Should you Invest in NFT Cards?
NFT cards are a unique combination of collectibles and blockchain technology. By offering authenticity and proof of ownership, NFT trading cards have surged in terms of value and popularity. NFT cards offer collectors, investors, and gamers multiple ways of making money. From creating and selling your own NFT cards to buying and selling them for a profit, the possibilities are endless.
As the NFT market continues to grow, new use cases of NFT trading cards will be discovered. This will cause their value to skyrocket further. Thus, NFT cards are a good investment for anyone interested in making money within the NFT space.
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