The digital realm is ushering in a revolutionary player — digital trading cards — and collectors are willing to pay top dollar for them. But what exactly are NFT trading cards, and why are they gaining such rapid traction? Here is why everyone from NBA legends to renowned artists is joining the fray.
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- What are NFT trading cards?
- How do NFT trading cards work?
- Where to buy NFT trading cards
- 1. Coinbase NFT
- 2. OKX
- 3. Binance
- What are the uses of NFT cards?
- How to buy NFT sports cards?
- How do I create an NFT card?
- Can you sell NFT trading cards?
- NFT trading cards represent a new form of collectible
- Frequently asked questions
What are NFT trading cards?
A trading card is a collectible card typically featuring images of characters, objects, or scenes from a specific game or series. Often used for trading and collecting, they were made popular by games and series like Magic the Gathering, Yu-Gi-Oh, and Pokemon.
Similarly, NFT trading cards are digital collectible cards stored on the blockchain, ensuring authenticity, ownership, and security. In other words, you have digital trading cards on the blockchain, which are tokenized as non-fungible tokens.
While all NFT trading cards are NFTs, all NFTs are not necessarily trading cards. Unlike regular fungible tokens, each NFT card is unique and verifiable, making it valuable for collectors. Top examples include NBA Top Shot and CryptoPunks.
These NFT trading cards are collected for personal display or sold for profit. Typically, they are traded using cryptocurrency on digital marketplaces.
Examples of top NFT trading cards collections
- Gods Unchained
- Splinterlands
- Sorare
- Axie Infinity
- Spells of Genesis
However, most of these trading cards are often under the “Games” category if you search for them using NFT tools. Regardless of their type, NFT assets are still a much sought-after token.
How do NFT trading cards work?
People collect NFT trading cards for various reasons. Some aim for social prestige, much like traditional card collectors flaunting their cards at conventions. Others purchase NFT cards as an investment, hoping to sell cards that gain value over time.
CryptoKitties were among the first to gamify blockchain collectibles. Collectors can “breed” their CryptoKitties, producing new cats with inherited traits or “attributes.” Each kitty’s unique features are securely documented on the blockchain, ensuring authenticity.
Popular blockchain and NFT games, like Gods Unchained, allow players to use NFT cards for strategic battles. Similarly, in Axie Infinity, these cards equip Axies with unique abilities. This digital trend mirrors traditional card games such as Magic: The Gathering or Pokémon TCG, where a card’s worth is based on its function, scarcity, and demand.
But it’s not all about gaming NFTs. Sports enthusiasts can purchase NFT sports cards on platforms like NBA Top Shot, which offers NBA player NFTs, while Sorare is leading the way in fusing football with the blockchain.
Where to buy NFT trading cards
1. Coinbase NFT
Coinbase NFT marketplace provides a secure and efficient platform for NFT trading cards. The market also offers anything from art and gaming to digital memorabilia. Coinbase NFT caters to both creators seeking a fair platform and collectors hunting for valuable assets.
- Reputable crypto platforms
- Introductory fee-free period
- Easy-to-use user interface
- Limited functionality
- Only supports three blockchains
- Limited payment options
- Can't mint NFTs
2. OKX
The OKX NFT marketplace stands out as a premier destination for buying NFT trading cards. It’s a multichain open NFT marketplace supporting over 11 blockchain networks, including popular ones like Ethereum, Solana, and Binance Smart Chain. The platform aggregates collections from top marketplaces such as Opensea and LooksRare. It allows you to buy, sell and trade your NFT collections.
- Zero-fee trading
- Mnt your own NFTs
- Secondary sale royalties
- AI art creation
- Complex for beginners
3. Binance
Binance NFT Marketplace has rapidly established itself as the world’s foremost centralized NFT platform since its 2021 inception. Offering unparalleled liquidity and trade volume, it guarantees users swift and efficient transactions.
With features that spotlight top-performing NFTs, it promises a holistic and user-centric NFT trading experience.
- Diverse cash out options
- Seamless token conversion within the Binance ecosystem
- Support for multiple chains
- 1% platform fee
What are the uses of NFT cards?
NFT trading cards are unique digital collectibles. Each NFT card is distinct, with no other card in the world being exactly like it, thanks to blockchain technology that guarantees its rarity. This technology also ensures the authenticity of these cards, making sure buyers obtain genuine items and safeguarding the card’s value.
But the worth of NFT cards isn’t just about their uniqueness or authenticity. Their value often stems from market demand. A rare NFT trading card featuring a legendary musician or athlete might command a high price due to their widespread fame. Similarly, if an NFT card represents a significant historical event or period, it might be especially valuable to collectors and investors because of its historical significance.
It’s essential to note that the value of NFT trading cards can change rapidly, similar to traditional trading cards. As trends evolve, it’s crucial for buyers and investors to do their own research (DYOR) to make informed decisions.
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People use and purchase NFT cards in various ways. Collectors might buy them to flaunt their unique digital assets, valuing their artistic quality.
Others might see them as an investment and engage in NFT trading. They hope to profit from any increase in their value over time. Beyond collecting and investing, some NFT cards offer in-game uses, allowing players to access special game levels or features, thereby adding more functionality to the collectible.
How to buy NFT sports cards?
Purchasing, selling, or trading NFT trading cards is straightforward when you join a marketplace or platform that provides them. While the process may vary, typically, you’ll go through these four steps:
Step 1. Get a crypto wallet
Look into popular crypto wallets such as OKX Wallet or ZenGo.
Step 2. Buy cryptocurrency
Either buy crypto with traditional money (fiat currency) from a crypto exchange and shift it to your digital wallet or move tokens you already possess into your wallet. Remember to have enough to cover the blockchain gas fees.
Exchanges like OKX or Binance can be handy options.
Step 2. Pick an NFT marketplace
To be able to buy, sell and trade NFTs, you’ll need to pick one NFT marketplace that suits your needs.
Discover NFT collections on platforms like OKX, Binance, or Coinbase NFT, to name a few. Collections trading has become a popular hobby for many enthusiasts worldwide.
Step 3. Select an NFT trading card
On most platforms, you can use filters based on collection or creator to find your desired NFT. These NFTs are often available for a set price or up for bidding.
Make sure to fund your crypto wallet before you try buying NFT trading cards.
Remember, if you’re buying NFT cards meant for a game, you’ll need to transfer them to your game account or a wallet connected to that game.
How do I create an NFT card?
While the process might sound technical, it’s often as straightforward as uploading a file and following on-screen instructions. Before diving in, always ensure you’re familiar with the intricacies of the platform and blockchain you’re working with.
Anyone can create an NFT trading card by following these simple steps.
Step 1. Choose your content
Decide on a unique digital file, such as an image or audio. Ensure you own the rights to prevent copyright issues. This decision will influence later steps.
Step 2. Select an NFT marketplace
Platforms like Rarible, OpenSea, OKX, or Binance NFT marketplace allow you to mint and list your NFTs. Some cater to specific audiences, like sports or music fans.
Step 3. Decide on a blockchain
While Ethereum is popular, it might have higher fees. Alternatives include Polygon, Klaytn, and Solana.
Step 4. Set up a crypto wallet
Create, fund, and connect a wallet like MetaMask to your chosen marketplace. Ensure it’s compatible with your chosen blockchain. Remember to safely store your seed phrase.
Step 5. Upload and mint
On your selected marketplace, upload your file, provide the necessary details, choose the right blockchain, and click “mint.” Be aware of potential fees.
Step 6. Manage Your NFT
Once minted, your NFT will be part of a collection on the marketplace. From there, you can sell, trade, or showcase it as you wish.
Can you sell NFT trading cards?
Yes, you can sell NFT trading cards, as they are virtual counterparts to physical cards. When these cards are represented on the blockchain, they’re imbued with characteristics of immutability and publicly verifiable ownership. The move of trading cards and similar collectibles into the digital realm is expanding rapidly, heralding collectibles as an emerging investment class. Despite the evident potential and burgeoning interest, it’s crucial to tread with caution as digital collectibles, like all investments, come with inherent risks.
NFT trading cards represent a new form of collectible
NFT trading cards are revolutionizing the world of collectibles, merging the allure of traditional trading cards with the innovative capabilities of blockchain technology. Platforms like NBA Top Shot have already taken the lead, offering exclusive digital trading cards that are becoming as sought-after as their physical counterparts.
From gaming NFTs that can be utilized within virtual realms to digital trading cards that commemorate iconic moments, the potential is vast. The opportunity to buy, sell, and trade these digital treasures is an exciting evolution of traditional collecting practices. Whether you’re looking to relive the nostalgia of physical trading cards or delve into the novel realm of digital assets, there’s no better time to dive in.
Frequently asked questions
What is an NFT trading card?
What are the uses of NFT cards?
How to buy NFT sports cards?
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