Crypto Art NFT - Digital trading cards, childhood memories as an investment

Crypto Art NFT: Digital trading cards, childhood memories as an investment

 

Crypto Art NFT – Discover the latest NFT trends globally, plus read fresh NFT News daily. Crypto Art NFTS are also known as, a NFT Art Coin & are produced on the Ethereum Blockchain & is about 6 years old. Crypto Art NFT is your one stop for top NFT news.

 

What used to be stickers is now Crypto Art NFT, digital products: With so-called NFTs, football fans around the world can collect, trade, and play with their stars. The market is growing - and so is the criticism.

 

Tear open parcels, stick stickers, swap with friends: Christian Feule loved collecting football stickers even as a child.

 

“I never had a full panini booklet,” recalls the now 36-year-old. “My parents never had that much money for that.” His dream back then: “If I have a lot of money, I'll buy the whole box.” Feule has now grown up and has swapped the schoolyard for the Internet. There he buys and trades with so-called Crypto Art NFTS- the digital successors of trading cards.

 

Crypto Art NFT - The so-called non-fungible tokens (NFT) are currently experiencing a boom. They are secured with a kind of certificate of authenticity, which means that the original is always recognizable. Transferred to the analog world, this means: Anyone can own an art print by Picasso, but only one person can own the original.

 

                                      The company from the capital

 

The Berlin Company Fanzone has discovered this potential for itself. On the platform, users can collect, buy, and trade Crypto Art NFT cards from athletes. Managing director Dirk Weyel sees even more advantages. “It's not just about buying, collecting, and swapping, but also trading and earning something and using the gaming elements,” he says.

 

Who not only own athlete cards but also play with them - that is also a great advantage of NFTs for Nicolas Julia. Julia is co-founder of Sorare, a French company that is also involved in the Crypto Art NFT market. At Sorare, NFTs can be used in integrated fantasy football games, among other things, says Julia. “The second big difference is that it is easier to trade. You don't have to put it in an envelope and post it. "

 

The cards from Sorare and Fanzone are divided into different rarity levels - the rarer a card, the more valuable. Users can buy entire packages and be surprised by the content or purchase individual Crypto Art NFT cards. The platforms are then used for trading or a kind of fantasy football is played.

 

                           Lots of money in the Crypto Art NFT Game

 

But despite having fun: Christian Feule was looking for an investment in the spring - and NFT trading cards can be worthwhile. At Fanzone, for example, an NFT from Kai Havertz was bought for 100 Euros after a European Championship game - this Crypto Art NFT is now being traded for eleven times as much. It is not uncommon for NFT Art cards on the platforms to cost at least a three-digit amount.

 

The business seems to be paying off for companies. According to Julia, Sorare has a turnover of more than 150 million Euros. It was only this October that the German Football League announced its cooperation with the company. From now on, users can also add players like Erling Haaland or Emil Forsberg to their NFT Art collection.

 

But digital products and, above all, their value depend on analogue life. If a player is injured or if the German team is thrown out of a tournament early, the NFTs can quickly lose value. "It is of course the case that the fan and the willingness to participate are already related to the real event," says Weyel. Critics fear that a new bubble will build up.

 

                                       NFT Art Business is booming

 

Environmentalists criticize the high energy consumption of the NFT Art trade. Weyel replied that sustainability was an important issue for Fanzone from the start. A tree is planted for every registered user. "At the same time, we are working with a blockchain that is very energy-efficient."

 

NFT Art - Meanwhile, Sorare has to contend with another problem: In October, the British Gambling Commission announced a review of the start-up. It is being investigated whether the company needs an operating license or whether the services offered are not gambling, it said.

 

Despite criticism, the business with Crypto Art NFT digital trading cards is booming. Julia doesn't believe that the NFTs will eventually replace the analog cards. “For some fans, it is very important to be able to touch merch and to have something physical. It's also a younger audience,”he says. “I think they will coexist. I believe that a Crypto Art NFT is much better because of its utility. "

 

For Christian Feule, who in addition to his work in a car dealership now also runs an NFT YouTube channel, the NFTs are not just investment or entertainment, but also a bit of nostalgia. "When you open a pack and there is a rare card in it, then you are just happy," he says. "The children who collected that back then are now collectors again."