Pokémon cards, known as one of the most popular assets in the collectibles world, may soon find their place on the blockchain. Research suggests this could not only transform the market but also attract numerous new fans into the cryptocurrency universe.
Why Pokémon Cards Could Benefit from Blockchain
Traditional asset tokenization on the blockchain, such as stocks, bonds, and real estate, is already well-developed. However, Pokémon cards, based on physical items, might derive significantly more advantages from transitioning to blockchain. Expert Danny Nelson noted that "Pokémon and other trading cards are about to have their 'Polymarket moment.'"
A New Market Leader Emerges
Recently, the Collector Crypt launched a tokenization platform on Solana known as Metaplex, which allows for fast and profitable trading of Pokémon cards. Their token CARDS soared tenfold to a market cap of $450 million within just one week.
Prospects for the Pokémon Card Market
Market indicators for NFTs suggest a growing interest among collectors. In August, NFT trading volumes increased by 9%, reaching $578 million, the highest level since January. This might indicate that moving Pokémon cards onto the blockchain could redefine the collectibles market and attract millions of new users to cryptocurrencies.
The question of whether Pokémon cards will transition to the blockchain opens new horizons for both collectors and crypto investors, potentially leading to a sustainable and profitable market.
