On Christmas Eve 2019, news broke that Nike was issued its patent for a blockchain-compatible sneaker line. The company is calling this revolutionary line the simple and appropriate name CryptoKicks. Of course the patent includes the system of how these sneakers will have digital asset counterparts, the mobile app, and online Marketplace. But the most interesting part of CryptoKicks is sneaker "breeding." We'll get back to that.
There are many advantages to these CryptoKicks. First off, these digital assets are a way to transfer ownership and prove authenticity in the highly competitive sneaker resale market. These digital representations, which exist as non-fungible tokens on a blockchain, can be transferred along with a physical sale sort of like a certificate of authenticity. In the world of sneakers, being able to prove the authenticity of a shoe can't be understated.
Of course, there's the other thing you can do with these tokens. By "breeding" different shoes, these "offspring" supposedly.can become an actual pair of shoes! So, it's not just a game. If you like them, you can actually get them. It's a pretty neat idea just thinking about the combinations you could make. The greatest advantage to this "intermingling" is the new level of engagement users can have with the Nike brand.
Sure, breeding sneakers sounds silly, but the idea that they can be made into actual shoes, too, is very compelling. It sounds silly to a lot of people, but think about all the research and development costs Nike can save! I'm sure Nike is setting some major precedents for other major consumer goods companies to follow. We will certainly be following this development with great interest.
What do you think of CryptoKicks?
Panini Blockchain National Treasures Cards Bring Traditional Sports Trading Cards to Blockchain Crypto Collectibles
by R.A. Rowell
In a landmark move in the trading card industry, sports card giant Panini America announced that they will be producing a 100 card blockchain collectible set of one of one cards featuring sports legends new and old in baseball, basketball, football, hockey, and soccer. Not only will these Panini blockchain cards exist on a private Panini-owned blockchain as non-fungible tokens, but the purchase comes with a physical copy, as well. Some of these cards feature autographs and relics, as well. They began selling as Dutch Auctions on the Panini America website in January 2020.
The checklist includes sports legends such as Honus Wagner, Mickey Mantle, and Barry Sanders, plus newer stars including Patrick Mahomes, Lamar Jackson, Shohei Ohtani, Aaron Judge, Zion Williamson, Cristian Pulisic, Kaapo Kakko, and many more. The set resembles Panini's widely popular National Treasures design.
The big knock so far against these blockchain trading cars is that they will not be “living” on a popular blockchain such as Ethereum. These Panini blockchain sports cards will exist on a closed blockchain network owned by Panini. This has led some collectors to call this innovation a gimmick or even going as far to call it a “scam.”
While I would hardly call it either of these things, the consumer concern that access could be lost to these items for whatever reason is a genuine one. While there is the physical counterpart, the thinking is that the price of the auction will be driven up by having the digital asset in addition to the physical one.
Obviously, this is all a big experiment and there are advantages to a dedicated Panini blockchain. How exactly it will all work isn’t drawn out at this time, but one would think anyone with the private keys can access the network like with any other blockchain. Panini announced that it plans to roll out addition blockchain counterparts of cards in other upcoming sets, as well. It will be curious to see how much the redemption codes for these “blockchain editions” will sell for alone and just how many collectors will buy into the blockchain collecting plan.
There is definitely a division in the sports card collecting community on this announcement. Many people aren’t thrilled about the digital counterpart and really just want the physical card. It will also be interesting to see how Panini’s rivals Topps and Upper Deck respond. It seems that these are a huge step up from other digital collection apps, even if they exist solely on a private blockchain - the cards themselves are separate from a single website or app and could be interacted with in multiple ways.
Panini already has digital card apps, so it will be interesting to see how these and other blockchain cards end up interacting with current and future mobile apps. What we do know is that the digital blockchain card is a separate entity from the physical card, so the winner of the auction can sell just the digital card on Panini’s new marketplace and keep the physical card.
(Note: there are fees to using Panini’s public auctions for blockchain cards. They are 10% for $.01 to $5,000.00, 7.5% for $5,000.01 to $10,000.00, 5% for $10,000.01 to $50,000.00, and 2.5% for over $50,000.01.)
Speaking of the card auctions, Panini launched the auctions in January 2020 as Dutch auctions beginning at $100,000 USD each. Yes, that’s an absurd number, but keep in mind that you get both the physical and digital card, which is a National Treasures Blockchain one-of-one. When you factor in selling the digital copy VS the potential value of the physical copy, $100,000 may be not as silly a price as it sounds now.
You can see the National Treasures Blockchain card auctions at Panini America here. As cards are sold, we’ll be sure to write about these landmark trading card sales.
What do you think of these Panini blockchain developments? Are these 2019 Panini National Treasures Blockchain cards going to become long-term investments?
More to come.
In our regular Roundup series, we’ll be sharing some of the latest news and insights about digital collectibles, cryptocurrencies, and blockchain tech from the past few days. We’ll also add some of our own commentary. If there’s a link you believe should be included in one of our Digital Collectibles Roundups, let us know!
Gods Unchained mythic card sold in $31,000 auction - Story from Nederob.nl
While it’s not Gods Unchained’s most expensive card ever sold at auction - that honor still belongs to Hyperion at around $60,000 - Atlas is the first one-of-a-kind mythic rare card that a player has sold at auction. The $31,000 sum - or 210 ETH at the time - was acquired by selling the card as a digital asset on OpenSea. Notably, this same buyer has purchased $14,000 worth of other Gods Unchained cards. The other Gods Unchained unique mythic cards - Hyperion, Teyhys, and Prometheus - remain with their original owners as of this writing. Clearly, the Gods Unchained trading card market is already thriving.
Speaking of blockchain trading card games…
‘Game Changer’: Trading Cards Head to Blockchain to Transform Gameplay - Story from CoinTelegraph
While Cryptomages is another blockchain trading card game, it’s very different in gameplay than Gods Unchained. It actually has multiple battle modes and many different characters in an EXP-based trading card system. What’s interesting about Transcemdence’s game is that it’s powered by two separate blockchain networks: the TELOS blockchain for payments and the BitcoinSubsidium blockchain for the storage of the cards (NFTs) themselves. It’s going to be available on many mainstream platforms: Windows, Linux, MacOS, iOS, and Android. It’s a game worth watching.
Microsoft Validates Enjin’s Tech, Launches Azure Heroes - Story from AltCoinBuzz.io
Enjin gets their biggest partner yet, about as big as you can get in tech with Microsoft. Azure Heroes is Microsoft’s first official foray into digital collectibles, backed by ENJ - Enjin Coin. It’s a huge step forward for the Ethereum-based gaming platform, but Azure Heroes is more of a rewards system than an actual game, per se. People get stds from coaching, creating demos, and blogging about the Azure cloud computing service - essentially rewarding contributions to the tech community, But, what it does do is expose Enjin and its stable of games to a brand new and much larger audience thanks to Microsoft’s involvement. These rewards tokens could become nifty little digital collectibles investments as Enjin’s platform grows.
WAX (WAX) Launches Its Blockchain Gaming-Focused Cloud Wallet - Story From SludgeFeed
Wallets are the way to securely store all of your various cryptocurrencies and blockchain collectibles. But, there are so many to choose from, and to support all the various cryptocurrencies and tokens you acquire, you may end up having to keep track of many different wallets. While many companies are releasing innovations to crypto wallets all the time, the WAX blockchain network has launched one that’s focused towards blockchain gaming. It features two-click account creation and a simple interface to interact with the WAX dApps (decentralized Apps). This should go a long way towards WAX gaining popularity with a more mainstream audience than Ethereum or EOS.
Stryking opens auction for FC Bayern Munich crypto collectible NFTs - Story from @crypto_ninjas
In the wake of Sorare’s success with blockchain soccer trading cards, Stryking has now officially entered the fray with their FC Bayern Munich player card NFTs. However, these 18 player cards are one-of-a-kind. Stryking already has their [p[ular fantasy sports platform Football-Stars, but this is their first official foray into the blockchain collectibles market. There’s already plenty of bidding going on. It will be interesting to see what these initial one-of-ones will sell for auction’s end.
Any other blockchain or crypto news we should know about or any comments? Leave them below!
R.A. Rowell is a collectibles enthusiast who comes from a long history of collecting trading cards in both sports and in Trading Card Games. He is passionate about educating the world about the future promise and benefits of digital collectibles, both on the blockchain and off.