Topps Switches From Wax to Avalanche to Launch New Baseball NFT Collection
The trading card company called the Avalanche blockchain “fast, low cost, and eco-friendly.”
Aug 31, 2021 at 5:11 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WG6TORTZOFAHDMVLWCUAFHASQI.jpg)
MIAMI, FL - AUGUST 10: Ronald Acuna Jr. #13 of the Atlanta Bravesin action against the Miami Marlins at Marlins Park on August 10, 2019 in Miami, Florida. (Photo by Mark Brown/Getty Images)
Topps is using the Avalanche blockchain to mint its latest collection with Major League Baseball (MLB), the trading card company announced on Tuesday.
- Wax, another blockchain, hosted the release of Topps’ first MLB-licensed NFT collection in April.
- Topps said in its press release that it was using Avalanche because the blockchain is “fast, low cost, and eco-friendly.” The company added that “the site removes the need for special wallets or token apps and provides a single location to buy, sell and explore officially licensed Topps NFT (non-fungible token) collections.”
- The new “Inception” NFT collection will be released in September on Toppsnfts.com and take inspiration from the physical card series the company has released in the past.
- MLB licensing is seen as the crown jewel of the sports collectible market because of the storied history of physical baseball card sales and industry-leading resale value.
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Eli was a news reporter for CoinDesk. He holds ETH, SOL and AVAX.
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