3 ms·
You must not be buying baseball cards in 2023. It’s gotten crazy.
by junofan 3y ago
You must not be buying baseball cards in 2023. It’s gotten crazy.
- gamblor956 3y agoDoes buying a baseball card in 2023 now entail ownership in Fanatics or Panini? If not, then it's not even remotely the same thing as what goes on with non-fungible tokens like the one here.
- junofan 3y agoI don’t think these NFTs give ownership rights either. Reading the SEC order, it sounds like the reasonable expectation of a profit was the issue.
- gamblor956 3y agoThe NFTs did purport to give ownership rights in the business profits of the NFT, as represented by the value of the NFT increasing specifically because of the labor of others acting to increase the value of the NFT. And that is part of what makes them completely different from baseball cards. Even if the value of the cards are dependent on the labors of others, with the baseball cards, the laborers (i.e., players) are not performing that labor with the intent of increasing the value of the cards; the value of the increase in the cards, if any, is wholly coincidental.
- vikramkr 3y agoThat's still just the value of what the collectors market will pay. You down own a share in MLB with the card