by R.A. Rowell
While digital collectible bobbleheads aren’t a new thing, what MLB Champions, the crypto collectible fantasy baseball game, seems to be an exciting development. Talk about crypto collectibles becoming a permanent part of gaming has been widespread, but MLB Champions is the first mainstream example that we’ve seen of this not only being well executed, but also successful. These MLB digital collectibles are likely just the beginning of fantasy sports meeting crypto collectibles on the blockchain.RSS Feed
Here’s an article from Stansberry Pacific from April 2019, where the author boasts about the potential triple digit percentage returns he could realize from a Shin-Soo Choo bobblehead that he bought through the MLB Champions marketplace.
The link in the article doesn’t properly link to the Shin-Soo Choo bobblehead that the author mentions (it links to an Oakland Athletics player Luis Barrera). But, it doesn’t take long to see that there is a very active market on MLB Champions. Choo did, in fact, have a decent MLB season, but for a fairly poor Texas Rangers team. (When I find the Shin-Soo Choo, I'll let you know how it performed on the market.)
With a buy-in as low as $5 for some diamonds with which to buy packs, it’s not at all expensive to get started with these MLB digital collectibles. The best part is that MLB Champions has its own marketplace if you end up with players you don’t want. Even commons can sell for $5, meaning you can recoup your investment very quickly. Yes, you do need an Ethereum wallet to make trades or send gifts to other players, but it’s becoming less complicated every day (I use Enjin Wallet and MetaMask, personally).
Of course, my favorite thing about MLB Champions - besides that it’s made up of digital bobbleheads that accumulate the stats of their real-life counterparts and can earn you rewards - is that you have true ownership of the bobbleheads you acquire. They are unique collectibles with various attributes and rarities, stored on the Ethereum blockchain as non-fungible tokens. For me, it seems like a very low entry for a potential very high return - very possibly the triple-digit percentage type returns that the Stansberry Pacific article boasts.
In fact, the 2018 version of the MLB Champions collectibles shot up from an average of $5 to $22 between just December 2018 and January 2019. So, if MLB Champions becomes even just a bit more popular, it could become a nice alternative to traditional sports collectibles such as sports cards. MLB Champions is a digital collectible game that I plan to play in the future. In any case, I’ll be keeping a close eye on these sports blockchain collectibles for the Journal. It seems to be a great way to get your feet wet in the world of Ethereum blockchain collectibles.
As of January 2020, the game is only available through the mobile app. Previously released bobbleheads had to be minted onto the Ethereum blockchain to be usable in the future. The game did come under fire from the handling of bobbleheads created through automation that was supposed to be against the terms of service but was for some reason allowed to happen anyway. (The thinking is that it was to make the game look more active than it really was.) However, the game is still moving forward and we'll be looking forward to the developments for the 2020 season.
Interested in collecting MLB crypto collectibles? Currently, you can find MLB Champions digital bobbleheads for sale on OpenSea!
More to come.
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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.