The post Tokenized shares in trading cards? CardShares and SmartLedger build platform with wide-ranging potential appeared on BitcoinEthereumNews.com.

Before NFTs, there were trading cards. In fact, trading cards are still very much around—today’s market contains over US$20 billion in value. It’s been growing so fast that “high rollers” dominate the industry just as they do every other, and it’s increasingly hard for newcomers to take a seat at the table. Enter CardShares, which has developed a BSV blockchain-based market that can fractionalize ownership of rare cards, allowing groups to acquire 20% shares in a valuable asset at a more affordable price. CardShares arrives via the developers at SmartLedger, known for its work-building systems that rely on secure, auditable data records. SmartLedger created CardShares’ blockchain-based account module, designed to have rock-solid security and will likely have applications far beyond this particular use case. The platform launched officially this week at Fanatics Fest NYC 2024, a celebration of sports fandom billed as an “immersive sports festival” and “the largest collectibles show ever in NYC.” Source: CardShares This idea has much more value than initially meets the eye. Some out there will read this and think, “Fractional ownership of collectible trading cards, good grief, what next?” Others will notice that if you can fractionalize ownership of one physical asset, then that technology can be deployed to fractionalize any other asset traditionally sold in whole units: real estate, art, copyrights, industrial machinery, jewelry, antiques/artifacts, and other large-ticket items. CardShares is promoting its launch with a competition to win a 20% share of a one-of-a-kind Lionel Messi signature card, which will be given away when 10,000 new users have signed up. That is the point CardShares’ creators are making. As SmartLedger’s Greg Ward writes: “This is more than just a marketing gimmick; it’s a statement of intent. By offering a share in such a rare and valuable card, CardShares is demonstrating the real-world…

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Filed under: News - @ August 21, 2024 7:25 am