Panini America, the largest licensed sports and entertainment collector and exclusive maker of the NFL, NFLPA, NBA, NBPA, college athletics, and NASCAR trading cards, announced last year that they would release Blockchain Cards. On its website, the Panini blockchain cards have been listed to go live in 24 hours, with the cards price set at $100,000.
The introduction of blockchain trading cards will incorporate the popular Paninis National Treasure design and include 100 athletes. Panini has been in the collectible business for more than 60 years now. It holds the place as the first officially licensed trading card to feature such technology from its upcoming Blockchain.
Purchasing Panini Blockchain Cards
Collectors can bid for the card in an online auction on the Panini website with ten cards auctioned off each week. Additionally, the cards will be available on the exclusive Panini platform where consumers can buy, sell, store, and trade them.
Using Blockchain guarantees its authenticity. All users who purchase one of the Panini blockchain digital cards will also receive a physical version of the card, which includes the player’s signature and, in some cases, a souvenir.
All Panini blockchain cards are tied to the most stable currency, the US dollar. Having a stable currency as the basis for their blockchain cards allows them to manage the card’s value through demand for the card, also known as the collector’s market, just as their physical cards gain or lose value.
Welcoming a New Era
To bring the legacy of the Panini Collection to the digital age, Panini leverages innovative blockchain technology and offers consumers the highest legitimacy for digital collector value and proof of ownership.
In recent years, cryptocurrencies have been a means of speculative investment for many globally. After years of research, Panini wants to ensure the optimal use of the blockchain for consumers, mostly for real digital properties. Still, their collectors’ genius and skill will keep their wealth worth not too high in the fluctuation of cryptocurrency prices.
Unlike most digital images currently marketed as crypto-collectibles, Panini’s business revolves around collectibles of licensed objects and athletes. Panini blockchain cards connect smart contracts on the Blockchain, making it different; they use respected designs and brands to represent their first blockchain presence.
Panini has plans to release a blockchain version of the cards to complement future physical products for the NFL, NBA, and MLBPA. The company has also developed an app where users can line up with their digital cards and play against each other in fantastic races. Considering the sale of some cards for six digits on the secondary market, the popularity of trading cards continues to grow in the world market.