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May 18, 2022

Binance, What is a NFT trading card? How does is change the market?

How are NFT Trading Cards changing the Collectible Experience?

How-are-NFT-Trading-Cards-changing-the-Collectible-Experience How-are-NFT-Trading-Cards-changing-the-Collectible-Experience

What is a NFT trading card?

Like physical cards, virtual trading cards have the same exclusivity and hype value. Attract collectors willing to pay a premium to have it in their pockets.

NFTs remove many of the challenges faced by physical collectibles and take collections to a whole new level.

Similar to physical transaction cards, the value of NFT transaction cards depends on their rarity, utility, and authentication.

NFT trading cards are redefining the way collectors trade and collect trading cards. Discover how it disrupts the collectible card landscape with Binance NFTs.

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Trading cards and card games have been around since the 90s, long before NFT collectibles. Collectors spend thousands of dollars on rare cards, from rare Pokémon cards to competitive cards. Now, the popularity of physical transaction cards and the rise of blockchain technology are pushing these items into the digital realm.

Trading card games and collectibles are getting a new lease of life by trading and storing unique assets on the blockchain. The decentralized web means that collectors can now trade in-game items on third-party platforms and marketplaces, changing the way we think about ownership in the digital age.

Read on to discover the details of NFT trading cards, how they are disrupting the industry and how you can get your very own NFT trading card.

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What is an NFT trading card?

NFT transaction cards are digital transaction cards that exist on the blockchain network. Using blockchain technology, people can verify the authenticity and ownership of NFT trading cards.

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How do NFT trading cards work?

Similar to real-world trading cards, the value of NFT trading cards depends on their rarity, utility, and authentication.

Many collectors buy them to show off like hobbyists show off physical cards at a party. Others collect NFT cards for investment and sell cards that appreciate in value.

However, like traditional trading cards, the value of NFT trading cards may fluctuate from time to time. New NFTs and collectibles are released all the time, and trends may change—especially gaming trends. Therefore, you should do your own research before deciding to invest in NFT cards.

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How does NFT subvert the collectible card industry?

1. Simple and convenient authentication process

In the past, trading card collectors sent their cards to professional certification and grading services and then had to go through a lengthy wait to verify the authenticity of the physical card.

However, with NFT trading cards, collectors can easily view the entire history of verified digital assets in the blockchain ledger.

Anyone can see when an asset was created, who created it, and how many versions. This eliminates the possibility of passing fake assets as genuine and shortens the lengthy authentication process.

2. Increase the variety and utility of trading cards

With the growing popularity of NFTs, more mainstream artists, celebrities and major sports organizations are entering the NFT space as a whole new way to reach new audiences. This has resulted in an ever-increasing variety of trading card games and collectibles released in the NFT marketplace.

In addition to the uniqueness of having rare-level collectibles, some NFT trading cards offer holders privileges such as in-game playability, exclusive access to sporting events, and more.

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3. Minimize depreciation

Physical trading cards are prone to creases, stains and scratches. No matter how well you take care of them, they will inevitably experience normal wear and tear over time, reducing their value.

NFT trading cards are digital and therefore resistant to normal wear and tear. This effectively eliminates the risk of damage, loss and theft.

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Where can I buy your first NFT trading card?

Now that you understand how NFTs are disrupting the trading card experience, where can you get the first NFT trading cards?

There are a wide variety of NFT trading cards in the Binance NFT marketplace, and every collector can find a favorite here.

Check out Binance’s comprehensive guide for everything you need to know about getting started with the Binance NFT marketplace.

If you’re feeling adventurous, you can purchase Binance’s exclusive mystery boxes, like the latest X World Games mystery box series, to unlock NFT trading cards randomly.

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Conclusion

Trading cards have a long history. For collectors, items such as Pokémon cards and baseball cards have long-term collectible value. The uniqueness and rarity of some cards give them a value that goes beyond emotion.

However, issues such as lengthy verification processes and maintaining cards have become challenges for collectors.

NFT technology has solved many of the problems of physical collectibles and may even improve the way we store and collect valuable items in the future.

Ready to dive deep into the NFT world?

Follow Binance NFTs on Twitter and Telegram to stay informed about weekly IGO launches, exclusive mystery box releases, and all about NFTs. Want to expand your NFT collection? You can explore a wide variety of NFTs in Binance’s secondary market.

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