Hello guys. Long time lurker.
I want my first post to start a LONG discussion comparing two different collectibles and I truly think this could become one of the longest threads on this site as there are so many layers to consider. This topic has been bugging me so much that I had to make an account to hear some perspectives.
I am comparing the normal 1999 Base Set Charizard in PSA 10 versus Nike’s NFT Collection containing digital 3d characters.
If you’ve never bought crypto or not open minded to crypto you may initially click away but I promise there is a reason I am making this thread.
I have been window shopping PSA 10 Charizards and have noticed a very different market cap compared to NFT collections that I see daily.
The craziest part is that I will only be looking at ONE NFT collection. There are 10 just like this with similar numbers.
1999 Base Set Charizard PSA 10 - Supply: 450 - Price $8000 - Sales in last week: 0-2
2021 Nike Clone X - Supply: 20,000 - Price $8300 - Sales in last week: 50Charizard Market Cap: 450 x $8000 = $3,600,000
Nike NFT Market Cap: 20,000 x $8300 = $166,000,000
$3.6M vs $166M
And once again I won’t even bring another NFT like Doodles into the comparison which is worth $100,000,000!!
It’s probably closer to $3.6M vs $1B
Now I just know that most people are going to instantly call these NFT’s scams and yes most are just money grabs and questionable art and they take the money and run, but when you stick to the top 25 collections ran by major brands, and treat them like digital collectibles the story starts to change. They are very liquid and trade like collectibles.
I feel like I could end the post here as that info alone is enough to start conversation but I just wanted to list some considerations.
Is this a Nike vs Pokemon thing?
Is this a Nike customer vs Pokemon customer thing?
Is this an analog vs digital thing?
Why is the charizard so low?
Why are the nft’s so high?
Past vs future?
Boomer vs zoomer?
I just want to remind that I simply picked ONE nft collection (albeit a popular one). But there are multiple NIKES!
To put it shortly, THIS IS A WHOLE THING. Its not just Charizard vs Nike. Its a whole situation that I think can lead to hours of conversation. I will reserve some thoughts for now.