Panini Blockchain

Writer’s note: I am simply explaining what Panini Blockchain is. These are not my views.

 With the trend of NFT’s being the new norm, sports card is now a part of the new trend. According to Panini, the blockchain is a transformative technology that allows collectors to own/trade/see or auction digital assets the same way they would a physical card. The blockchain also serves as a digital ledger that tracks the ownership of a blockchain asset by creating a new chain every time there is a new transaction related to the asset. Unlike Bitcoin the value of the card will not rise and fall as it is tied to (stable currency) the US dollar. Panini’s blockchain cards cannot be purchased with crypto currencies. At the time of writing this article you are not able to take the cards out of the Panini ecosystem where it can be auctioned off and sold. The blockchain will also come with a physical version that should resemble the digital version including autographs. The physical card will not be connected the digital version, meaning one can be sold without affecting the other. During my research Topps was in the works of creating their version of blockchain as well. We are unaware how Topps system will work but will share when the information becomes available.