Sports Card Boom: This childhood hobby has turned into big business

For many, collecting sports cards was a childhood hobby. But now, ‘the hobby’ is big business.

“I’ve got waitlists starting for products I won’t even have for two or three months. I’ve got people that want me to call them as soon as it gets here and give them a price,” said Don ‘DJ’ Joss, owner of DJ’s Sportscards in Renton.

Joss knows the sports card industry well.

“I try to have every price range in here. You can walk in with a dollar or two and get a stack of Griffey cards or some quarter stuff. You can find

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[Webinar] Unpacking the NFT Boom and Legal Projections for Further Tokenization Developments in Entertainment – May 12th, 4:00 pm – 5:00 pm ET | Manatt, Phelps & Phillips, LLP

May 12th, 2021

4:00 PM – 5:00 PM ET

Non-fungible tokens (NFTs) have been trending since the start of the year, and more companies and artists are getting involved with the latest blockchain innovation. Join us to dive deeper than the headlines as our presenters share insights on the opportunities and challenges brought forth by the popularity of NFTs, and what legal and regulatory concerns need to be considered for those looking to foray into NFT offerings.

Key topics will include:

  • Background on the many stakeholders in the NFT process
  • What you need to think about in terms of building
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Millennials, Not Gen Zers, Are Driving the Recent Physical and Digital Collectibles Boom

With the COVID-19 pandemic dramatically reducing consumers’ ability to spend disposable income on travel, dining out and other in-person experiences over the past year, some consumers have turned to other hobbies to fill the entertainment void. As a result, the market for collectibles — from sports cards to sports cars — has surged. 

In recent months, that same momentum has sparked exponential growth in the world of digital collectibles minted as NFTs, or non-fungible tokens. During the first three months of 2021, NFTs have generated more than $1.5 billion worth of transactions, according to DappRadar.com, up 2,627 percent quarter-over-quarter. The

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NFTs Boom as Collectors Shell Out to ‘Own’ Digital Art

NFT technology, Harrison says, provides a way to attach a price tag to digital art, tapping into that primal high-quality hoarding instinct—the quest for status-affording Veblen goods, coveted only insofar as they are pricey—that is behind many collectors’ urge. Mix that with a frothy community eager to trade and meme any new shiny blockchain-adjacent construct to considerable prices and the trick is done.

“In this digital world, we have accelerators: Suddenly you could get three or four times what you paid for something—tomorrow there is someone ready to buy it,” Harrison says. Even better, blockchains are also able to keep

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