Gotta Catch ’Em All – Official Pokemon NFT Trading Cards Take Polygon (MATIC) by Storm
Pokemon Cards Turned NFTs on Polygon Blockchain
Digital versions of official Pokemon cards are making waves in the world of non-fungible tokens (NFTs), thanks to the layer-2 scaling solution provided by Polygon (MATIC).
Digital asset consultant S4mmy.eth recently took to social media platform X to share the news that booster packs of Pokemon cards are being opened on the MATIC blockchain, and they have been selling out by the hundreds. Some of these digital cards have seen a price increase of 10 times their initial value.
These booster packs are randomized and initially priced at $5 each, with a chance of containing high-value cards that could be worth around $500 according to S4mmy.eth. The randomization process is fully executed on the blockchain for transparency.
To purchase these digital packs, investors can use the stablecoin USD Coin (USDC) or a credit card. However, the packs now have a floor price of around $50.
S4mmy.eth suggests that this new system of digital cards could revolutionize the traditional trading card collecting model. Instead of collecting physical cards and going through the processes of grading, shipping, and digitization, users can open digital packs online and then redeem them for graded cards, such as PSA9 or PSA10. This approach would reverse engineer the traditional model while enhancing security.
The use of NFTs for official Pokemon cards opens up new possibilities for collectors and enthusiasts. By leveraging the blockchain, the authenticity and scarcity of these digital cards can be ensured, eliminating the risk of counterfeit or tampered cards. Additionally, the digital nature of these cards makes them easily tradable and accessible to a global audience.
The integration of Pokemon cards as NFTs on the Polygon blockchain demonstrates the growing adoption and potential of blockchain technology in various industries. As the NFT market continues to expand, it is likely that more traditional collectibles and assets will embrace this technology for enhanced security, transparency, and accessibility.
At the time of writing, MATIC is trading at $0.527, with a 2.8% decrease in the last 24 hours.
Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Transfers and trades are done at your own risk, and any losses incurred are the responsibility of the individual. This article does not advocate for the buying or selling of any cryptocurrencies or digital assets, and it is not intended to be investment advice. Please note that The Daily Hodl participates in affiliate marketing.
[Image credits: Midjourney (generated image), Shutterstock/Sensvector (featured image)]
