# Collectibles的所有文章

在 HTX 新聞中心流覽與「Collectibles」相關的最新資訊與深度分析。潘蓋市場趨勢、專案動態、技術進展及監管政策，提供權威的加密行業洞察。

BMAG Collaborates with Bitcoin Asia 2026 to Present a Full-Scale Card Expo

BMAG, the art and culture division of BTC Inc. (a subsidiary of Nakamoto Inc./NAKA), will debut its full Card Expo at Bitcoin Asia 2026 on August 27-28 at the Hong Kong Convention and Exhibition Centre. This event will blend a world-class card show with a curated art gallery project. The expo features a marketplace focused on Bitcoin-native businesses and prominent vendors from Hong Kong and Southeast Asia. It will host TCG tournaments with Bitcoin prizes, live pack-opening stages, and on-site card grading/authentication services. The space will be surrounded by a gallery wall displaying curated card collections and artworks. Since 2019, BMAG has facilitated over 130 BTC and $10 million in art and collectible trades. According to BMAG Curator Dennis Koch, "Bitcoin, art, and collectibles are one culture." The expo is designed to resonate with Bitcoiners and collectors alike, emphasizing concepts like verifiable scarcity and authenticity. All displayed cards and collectibles will be available for purchase or auction, with Bitcoin accepted as payment—an introduction for many vendors to accepting Bitcoin for cards. Attendees are encouraged to bring their own cards for grading or resale. Museum-grade core exhibits will be announced in the coming weeks. For details and applications, visit https://asia.b.tc/card-expo.

marsbit8 小時前

BMAG Collaborates with Bitcoin Asia 2026 to Present a Full-Scale Card Expo

marsbit8 小時前

The Brutal Truth Behind CARDS' $535M FDV: Only $43M in Net Revenue and Halved Profit Margins

The article titled "The Brutal Truth Behind CARDS' $535 Million FDV: Only $43 Million Net Revenue, Profit Margins Halved" provides a critical analysis of Collector Crypt (CC), a platform combining physical collectible cards with NFTs in a gacha-style system. Key findings include: * CC has generated $635 million in total user deposits. However, 90.6% ($576 million) is instantly returned to users via automatic card buybacks, resulting in only $43 million in net platform revenue (6.7% retention). * Activity is highly concentrated among dozens of high-frequency wallets, with an average of only ~420 daily active players. * There is minimal secondary market activity for the cards (under $5 million total), indicating the platform functions more as a gambling casino than a collector's marketplace. eBay sales as a percentage of gacha volume have declined for six consecutive quarters. * Despite a tripling in transaction volume, net profit margins have been halved from 11.2% to 5.8% as activity shifts to higher-priced card packs with lower margins. * Value captured by the CARDS token is minimal: only $140,000 (from burns and recent buybacks), representing just 3.4% of CC's cumulative net revenue. In contrast, wallets linked to operational infrastructure have off-ramped $45.7 million in USDC. * The token's ~$535 million Fully Diluted Valuation (FDV) represents a 7.3x multiple of annualized net revenue. Only 20.5% of the token supply is floating, with 72% allocated to insiders and locked until November 2027. The conclusion is that CC has found product-market fit as a high-speed gambling platform for a niche user base, not as a growing collector economy. The token currently captures a negligible share of the platform's revenue.

Foresight News06/18 08:09

The Brutal Truth Behind CARDS' $535M FDV: Only $43M in Net Revenue and Halved Profit Margins

Foresight News06/18 08:09

Heat Rises for TermMax and Renaiss: How to Engage with These Two Projects Incubated by YZi Labs?

The article introduces TermMax and Renaiss, two projects recently gaining attention from the YZi Labs EASY Residency program incubator. It explains how users can potentially participate in them. TermMax is a DeFi protocol offering fixed-rate, fixed-term lending, functioning as a "lending AMM" to provide predictable interest rates. It has launched its V2 version, which improves capital efficiency and liquidity. Users can engage through its "Season 0" event on its V2 platform by connecting a wallet, daily check-ins, and completing tasks (deposit, trading, social) to earn points. Renaiss is a RWA infrastructure project focused on "collectible finance," specifically tokenizing real-world collectible trading cards (like Pokémon) onto the blockchain to enhance their liquidity and enable financial applications. Users can participate by visiting its official website, funding their account, and purchasing card packs (e.g., the OMEGA pack) with varying rarity tiers for a chance to obtain different card grades. Both projects represent specialized approaches within DeFi and RWA, aiming to offer users new avenues for fixed-income lending and investing in tokenized physical collectibles.

Odaily星球日报05/28 01:41

Heat Rises for TermMax and Renaiss: How to Engage with These Two Projects Incubated by YZi Labs?

Odaily星球日报05/28 01:41

The World Cup is Approaching: Sports Entering the Era of 'Fragmented Finance'

With the approaching World Cup, sports are entering an era of "fragmented finance." This shift is exemplified by FIFA's new rule requiring debutant players to wear a special "World Cup debut patch." Post-tournament, these patches will be authenticated, cut, and embedded into collectible cards, potentially transforming into high-value assets. The global sports trading card market, valued at over $11.5 billion, represents a sophisticated alternative asset class with deep secondary markets and distinct bull/bear cycles. While football has a massive fanbase, its card market has historically lacked the liquidity and unified narrative of the NBA's system. The NBA's success stems from its centralized, star-driven storytelling—from draft nights to championships—which perfectly fuels financialization. The World Cup patch initiative is FIFA's attempt to create similar "financial raw material" for football. The NBA card market, evolving over 70 years, has matured into a financial ecosystem. After a 1990s crash due to overproduction, the industry rebounded by embracing scarcity: limited editions, autographs, game-worn memorabilia (patches), and serial numbering. Today, it features professional grading (e.g., PSA, BGS), auction platforms, live "break" streams, and dedicated marketplaces, mirroring aspects of cryptocurrency markets with their volatility, speculation, and community-driven trading. The core driver is narrative. A card's value is tied to a specific historic moment or player potential—like Stephen Curry's 1/1 card commemorating his Olympic game-winning shot selling for $518,500. This trade in "ownership of history" or "future greatness" parallels prediction markets, both monetizing collective emotion. Unlike many NFT projects that struggle to generate sustained narratives, sports are a perpetual emotion-generating machine. Leagues like the NBA and UFC constantly produce real-world drama—rivalries, comebacks, and triumphs—that fuels ongoing interest and investment. For younger audiences consuming sports via highlights and social media clips, trading cards become a direct financial instrument for engaging with these narratives. Thus, traditional sports leagues are leading the charge in assetization, leveraging their unique advantages: real events, global fan consensus, and endless storytelling. They are becoming platforms for issuing financial assets, turning fragments of history—a patch, a signature, a moment—into tradable commodities.

Odaily星球日报05/19 10:42

The World Cup is Approaching: Sports Entering the Era of 'Fragmented Finance'

Odaily星球日报05/19 10:42

SEC Chairman Explains Why NFTs Are Not Securities: 'Like Buying Trading Cards'

SEC Chairman Paul Atkins explained in a CNBC interview why NFTs are generally not considered securities, comparing them to collectibles like baseball cards. The SEC recently issued guidance identifying four categories of digital assets not classified as securities: digital commodities, digital tools, digital collectibles (including NFTs), and stablecoins. Atkins emphasized that NFTs are typically "bought and held" assets rather than investment contracts, which are central to the definition of a security. He noted that each asset is evaluated based on its specific facts and circumstances, but digital collectibles are generally viewed as immutable purchases not intended for trading like traditional securities. This reflects a broader shift in the SEC’s approach under Atkins’ leadership, moving away from enforcement-driven regulation toward clearer guidance and a more predictable framework. The change aligns with the Trump administration's crypto-friendly stance, with Atkins criticizing past regulatory missteps that he believes set the U.S. back in crypto innovation.

marsbit03/19 08:47

SEC Chairman Explains Why NFTs Are Not Securities: 'Like Buying Trading Cards'

marsbit03/19 08:47

Animoca Brands Expands Web3 Gaming Ecosystem With SOMO Acquisition

Animoca Brands has acquired Web3 gaming and NFT startup SOMO to expand its digital collectibles ecosystem. The acquisition enables cross-promotion and integration of SOMO’s playable, tradable assets—such as SOMO Codex and SOMO Duel—into Animoca’s global network of games and communities. Yat Siu, co-founder of Animoca, described SOMO as a “cultural operating system for collectibles” that complements their portfolio. Financial terms were not disclosed. The announcement coincides with signs of recovery in the NFT market. According to data, the overall NFT market cap increased by 8.7% in 24 hours to $3.02 billion, with trading volume up 21.5%. Since January 1, 2026, the market cap has risen 20.8%, suggesting a potential rebound after a 66% decline from its peak of $9.2 billion in early 2025.

TheNewsCrypto01/14 14:45

Animoca Brands Expands Web3 Gaming Ecosystem With SOMO Acquisition

TheNewsCrypto01/14 14:45

Frequent Pokémon Card Heists: Is On-Chain Storage for Physical Collectibles a Risky Solution?

Rising global thefts and frauds targeting high-value Pokémon cards, such as armed robberies in Los Angeles and Hong Kong, highlight systemic risks in the physical collectibles market. As these items become increasingly financialized, traditional transaction methods—relying on in-person meetings, private trust, and community trades—are exposing participants to heightened personal and fraud risks. The market’s infrastructure has failed to keep pace with the liquidity and cross-regional nature of these assets. While local card shops are enhancing security measures, such as improved surveillance and formalized transaction processes, these efforts remain limited to specific locations and cannot scale globally. In response, some projects are exploring blockchain-based solutions to introduce verifiable ownership, custody, and transfer mechanisms. For instance, platforms like Renaiss on BNB Chain are developing specialized smart contracts that link physical cards to on-chain NFTs through certified custodians, binding asset status and location to enable secure, borderless trading. However, merely tokenizing cards without robust, transparent custody and verification does not address real-world risks. The evolution toward on-chain systems aims to provide a foundational layer of trust—enabling validation, reducing physical delivery risks, and clarifying accountability. Not every collector may adopt full blockchain integration, but the market grows increasingly dependent on such infrastructure to ensure safety, authentication, and liquidity as collectibles transition into high-stakes digital assets.

marsbit01/13 09:31

Frequent Pokémon Card Heists: Is On-Chain Storage for Physical Collectibles a Risky Solution?

marsbit01/13 09:31

How Can a Single Trading Card Be Valued at Over Ten Million Dollars? The Influence of Internet Celebrity Endorsements and Pokémon's 30-Year Fan Economy

The world's most expensive Pokémon card, the Illustrator Pikachu, is set to be auctioned by social media influencer and WWE star Logan Paul. He purchased the card in 2021 for $5.3 million, a record private sale at the time. The auction will be handled by Goldin Auctions, which specializes in sports memorabilia and collectibles. Paul has already received a $2.5 million advance payment from the auction house. Goldin's CEO, Ken Goldin, estimates the card could sell for $7 to $12 million, potentially setting a new benchmark for Pokémon collectibles. He and Paul attribute the soaring market to a generational shift in collectors. Fans who grew up with Pokémon, which celebrates its 30th anniversary in 2026, now have significant purchasing power and are investing in nostalgic cultural icons rather than traditional art. This trend is part of a larger movement where high-end collectibles are increasingly seen as alternative assets. The sale will be featured in an upcoming Netflix series about collectibles.

marsbit12/25 09:34

How Can a Single Trading Card Be Valued at Over Ten Million Dollars? The Influence of Internet Celebrity Endorsements and Pokémon's 30-Year Fan Economy

marsbit12/25 09:34

SCOR Collaborates with Edison Chen to Launch "The 888 Continuum"

SCOR has announced a major strategic partnership with cultural icon and CLOT founder Edison Chen. This collaboration introduces "The 888 Continuum," a four-month immersive experience blending digital gaming, streetwear culture, and on-chain rewards. The gamified journey invites players to complete multi-stage quests through SCOR’s mini-games, unlocking progressively valuable rewards, including exclusive CLOT sneaker releases, limited gear, and rare digital collectibles. The narrative-driven experience is designed as a dynamic treasure hunt, revealing new layers of the storyline and exclusive items from Edison Chen’s personal archive at each stage. Chen expressed enthusiasm for SCOR’s fusion of sports, culture, and digital ownership, emphasizing community engagement and authentic rewards. The partnership bridges street culture, sports, and Web3, offering fans new ways to collect, compete, and participate in a culturally rich ecosystem. Top participants who complete key milestones gain early access to sneaker drops, enhanced $SCOR airdrops, and unique digital items. The event is now live at fun.scor.io/edc/.

深潮12/16 01:53