The NFT collectibles are where the action is. These are more akin to trading cards than expensive one-off art in a gallery that may have made headlines earlier this year.
Imagine that its the same trading card pools of capital that would have bought collections at MSRP, what would the seller’s annual revenue be? There had been no transparency in that. Instead, imagine if the seller only did a single set and everyone could verify that was the only one, the same amount of capital is squeezed i to that one set, which would push the price up. The issuer here makes more money from royalties when people trade pieces of the collection, instead of needing to continually issue that collection.
Imagine that its the same trading card pools of capital that would have bought collections at MSRP, what would the seller’s annual revenue be? There had been no transparency in that. Instead, imagine if the seller only did a single set and everyone could verify that was the only one, the same amount of capital is squeezed i to that one set, which would push the price up. The issuer here makes more money from royalties when people trade pieces of the collection, instead of needing to continually issue that collection.