Read on Twitter
A physical Mickey Mantle baseball trading card sold for $5.2 million yesterday.
What does this mean in the context of non-fungible tokens and NFT portfolio allocation?
A quick thread
What does this mean in the context of non-fungible tokens and NFT portfolio allocation?
A quick thread
NFTs are better than traditional trading cards.
NFT sports trading cards offer:
• Utility value in fantasy games
• Fractionalization and ownership by a group of collectors
• Collateral asset in smart contracts
• Potential programmed utility in future protocols
NFT sports trading cards offer:
• Utility value in fantasy games
• Fractionalization and ownership by a group of collectors
• Collateral asset in smart contracts
• Potential programmed utility in future protocols
The fantasy sports NFTs (e.g. trading card) market is relatively new so let's consider the potential in the context of the legacy trading card market.
The PWCC 100 index, comprised of the top 100 trading cards by highest average market value outperformed the S&P 500 since 2008.
The PWCC 100 index, comprised of the top 100 trading cards by highest average market value outperformed the S&P 500 since 2008.
However, that’s only comparing the top performing sports trading cards most of which have accrued significant collectors value over the years.
The PWCC 2500 index – representing the 2,500 cards with the highest average market value – still outperformed the S&P 500 by 13% to date
The PWCC 2500 index – representing the 2,500 cards with the highest average market value – still outperformed the S&P 500 by 13% to date
As an asset class, trading cards appear uncorrelated with the stock market, avoiding significant drawdowns & upswings in the market.
Investors that follow modern portfolio theory optimize for diversification and risk of losses by adding uncorrelated assets to their portfolios.
Investors that follow modern portfolio theory optimize for diversification and risk of losses by adding uncorrelated assets to their portfolios.
Non-fungible tokens as an asset class present a real opportunity to diversify one's portfolio.
Read more about some of the top crypto fantasy sports NFTs like @nbatopshotapp and @SorareHQ. https://messari.io/article/fantasy-sports-crypto-s-next-consumer-application?utm_source=MasonNystrom&utm_medium=ledetweet&utm_campaign=fantasysports
Read more about some of the top crypto fantasy sports NFTs like @nbatopshotapp and @SorareHQ. https://messari.io/article/fantasy-sports-crypto-s-next-consumer-application?utm_source=MasonNystrom&utm_medium=ledetweet&utm_campaign=fantasysports
