Published on August 29, 2021, Sunday at 5:08:30 p.m. Beijing time
Topps enters the space of digital collectors
Topps, a well-known collectibles and sports memorabilia company, has partnered with the Avalanche blockchain to provide NFT based on digital sports.
The news came 7 days after Tops and Major League Baseball ended their partnership, and Jaclyn Diaz reported the news for NPR on August 20. Avalanche only announced on August 27, 7 days later, that Topps and Avalanche have teamed up to launch a sports NFT that can be purchased on the Avalanche blockchain.
“Topps MLB Inception #NFT Collection is coming to Avalanche. This Top NFT The collectibles will feature the league’s top rookies, emerging stars, and veteran favorites, all as digital collectibles,” Avalanche wrote on Twitter recently.
The now-ending partnership between Tops and Major League Baseball gives Tops the exclusive right to produce collectible baseball cards with the team logo. The ending of their long-term partnership between Tops and Major League Baseball may have a huge impact on Tops’ franchise.
However, Topps found a new and arguably stronger partner in Avalanche.
new Hope
Although the news of Topps’s termination of its partnership with MLB is a major blow to active collectors and nostalgic card collectors who have collected Topps MLB trading cards from an early age, not all hope has disappeared. Facts have proved that the cooperation between Topps and Avalanche and the release of NFT are also profitable for this sports memorabilia company.
The reason is as follows: Topps’ newest blockchain partner, Avalanche, has been very active in recent weeks.
CoinDesk’s Andrew Thurman reports that the Avalanche ecosystem has expanded by 1,000% last month, and DeFi users have invested nearly $2 billion in the Avalanche ecosystem.
Not only that, according to CoinGecko’s data, Avalanche’s native token AVAX has risen from $12.43 to $51.07, an increase of 317% in the past 30 days.
Topps may have lost their long-term MLB partner, but joining forces with Avalanche may offset the loss by publishing and selling sports-related NFTs.
The two have also collaborated before. At that time, on August 11, Topps NFTs launched their Bundesliga series on the Avalanche blockchain.
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“The Bundesliga 2020-2021 season celebration NFT series contains 630 unique digital trading cards, including match footage and 180 Bundesliga stars,” Avalanche wrote in a recent Medium article describing the Bundesliga series.
Digital collectibles such as NFT are becoming more and more popular, and there is no sign of slowing down. In the blockchain world, anyone and everyone from all over the world can buy NFT.
As Topps enters the NFT field, their new blockchain market may have a wider impact on Topps, because now anyone in the world can buy Topps NFT. With NFT, there is no transportation cost, easy to resell, there is no risk of damage when buying second-hand collectibles, and the purchased NFT is almost immediately displayed in the hands of users.
Collectors have begun to enter the digital space, and with the addition of Topps, it is worthwhile for all participants.
What is Avalanche?
Avalanche is a blockchain network that is becoming more and more popular with decentralized financial users due to its low cost, high transaction speed and environmentally friendly methods. The Avalanche blockchain network also claims to provide developers with very easy-to-use smart contracts that allow rapid construction at low cost. The platform is aimed at the Ethereum network, hoping to provide not only a better user experience for cryptocurrency investors, but also a better user experience for developers. The Avalanche network is built for decentralized applications (dapps).
Where to find Avalanche:
Website | Twitter | Telegram | Discord |
Information source: compiled from BSCNEWS by 0x information.The copyright belongs to the author and may not be reproduced without permission
