Connect with us

NFT

Porsche Enters NFT Market Launching Trading Card Platform Fanzone

Porsche

Porsche, the German carmaker, is diversifying to digital markets through the launch of Fanzone, an NFT-based trading card market. Fanzone, built by Forward31, a Porsche company builder, seeks to capitalize on classic trading card demand. Fanzone also aims to bring together the NFT craze and offer digital products.

Porsche Launches NFT-Based Trading Card Platform Fanzone

Porsche is a German luxury car manufacturer that has begun to explore NTF markets. The brand just launched an NFT-based trading card platform called Fanzone, where users will be able to purchase and trade digital assets. The startup was launched by Forward31, a digital company builder that expands Porsche into non-core markets.

Fanzone allows users to trade, acquire, and even play with their soccer trading cards. Each card has a unique player and their information. These cards are digital assets that can be extracted from the Lukso blockchain to secure safekeeping. Christian Knorle, Porsche Digital’s head of company building, stated that the new platform:

For decades, there has been a steady demand for vintage trading cards and albums. Fanzone is digitizing this promising market. We are looking forward to strategic support for Fanzone.

The brand has partnered up with the German National Soccer Selection in order to highlight its players on the cards. As a result, the first card packs feature players from the men’s, women’s, and under 21 teams. Porsche declined to put their iconic cars in NFT form, despite it being a brilliant idea. Porsche believes the NFT craze would bring them engagement-powered revenues in the future.

Sport-Based Platforms Are Thriving

While some indicators indicate that the NFT craze may have subsided since April 2011, NFTs can still be leveraged to produce high-quality work in select startups. This new trend is being led by sport-based platforms.

Fanzone will be offering licensed products through its platform. Another similar instance is the NBA Top Shot platform, which offers licensed NBA NFTs. All this seems to indicate that NFTs with amateur artwork are decreasing, but other quality platforms are forming, which integrate NFTs into their functionality and services.

Money is also flowing to other sports-based projects. The Argentinian Soccer Selection launched its own token recently in partnership with Socios.com, selling more than 600K tokens in its Initial Offering.

What do you think about Porsche’s new digital trading card platform? Please leave your comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

Read More

NFT

Florida Teens Charged in $4M Las Vegas Crypto Kidnapping

Florida teenagers are facing charges of kidnapping and stealing $4 million in cryptocurrency and non-fungible tokens. Teenagers to Be Tried As Adults Three Florida teenagers are reportedly facing charges of kidnapping and stealing $4 million in cryptocurrency and non-fungible tokens (NFTs) from a Las Vegas-based man…
Read More

Continue Reading

NFT

Nike is facing a lawsuit from people who bought its NFTs

Wes Davis

Wes Davis is a weekend editor who covers the latest in tech and entertainment. He has written news, reviews, and more as a tech journalist since 2020.

A group of people sued Nike this week over its decision to wind down its virtual show project RTFKT last year. The buyers of the digital assets accuse Nike of causing “the rug to be pulled out from under them,” and say they wouldn’t have bought its NFTs if they’d known they were “unregistered securities,” reports Reuters.

Filed in New York’s Eastern District, the proposed class action lawsuit seeks “unspecified damages of more than $5 million for alleged violations of New York, California, Florida and Oregon consumer protection laws.”

Nike tried to jump into the NFT game by buying RTFKT in 2021. But, like Starbucks Odyssey, it never quite worked out and the company abandoned the idea, announcing in December via the RTFKT X account that it planned to “wind down RTFKT operations” by the end of January this year.

Since then, RTFKT has seemingly been maintained by a single person named Samuel Cardillo, who spent Thursday posting through the sudden disappearance (and later reappearance) of artwork for its CloneX NFTs project.

Read More

Continue Reading

NFT

Report: SEC Concludes Opensea Probe, Drops Enforcement Threat Over NFTs

The U.S. Securities and Exchange Commission (SEC) has reportedly ended its investigation into Opensea and will not pursue enforcement action against the non-fungible token (NFT) marketplace over allegations that its NFTs constituted unregistered securities, the company confirmed to Bloomberg this week. Following Coinbase, SEC Ends OpenSea Investigation Under Trump’s Regulatory Climate Opensea…
Read More

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.