Topps going public. What does this mean for the hobby?

[DragonWagon]

Topps to go public through SPAC deal as baseball card company ventures into NFTs

Topps, which is best known for its baseball cards and Bazooka candy line, has agreed to go public through a merger with a special purpose acquisition company.

www.cnbc.com

Let’s hope that this is good news for the hobby and collectors. Hopefully, Topps can generate enough revenue from going public that it can get back into football, basketball and/or hockey!


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[Therion]

Setting up my shorts already lol

 

[JoshHamilton]

Get ready for stock certificate redemption cards


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[Pinbreaker]

I see the picture has an Upper Deck Football pack..

 

[Mighty Bombjack]

They used to be public, before Eisner’s group took them private. I don’t think this changes much for the hobby, tbh.

 

[Dazed]

I'm not the smartest guy on FCB. Heck I'm not the smartest guy in this thread. I think this has more to do with the NFT. I don't think they would be going public without the NFT part of this story. If I understand a NFT it is not anything I would want to spend money on. Heck, I'm not sure I understand what I just wrote.

 

[finestkind]

The big kid's can have the NFT stuff. I'll stick with real sports cards.
#1 Because I don't understand them.
#2 See reason #1

 

[Dilferules]

I don't understand NFT at all, but my impression is that it's spending money on something that isn't actually a thing. Like those Topps Bunt "cards." Hard pass from me, I don't have so much money that I'm going to spend it on something that is nothing.

 

[Therion]

NFT is basically Topps Bunt except you actually own the rights to the item. Currently, it is not legal to sell your Topps Bunt cards, though it is commonly done. NFT means you OWN the digital image, so you can sell it legally.

 

[Dilferules]

Ah thank you for clearing that up. I can see why some people (especially younger people who grew up with iTunes and downloadable video games and are more used to digitally owning something) might like this but I'm afraid I'm going to have to be a major old fart on it. Phooey on NFT's!

 

[finestkind]

Ah thank you for clearing that up. I can see why some people (especially younger people who grew up with iTunes and downloadable video games and are more used to digitally owning something) might like this but I'm afraid I'm going to have to be a major old fart on it. Phooey on NFT's!

Same here.

 

[JVHaste]

Ah thank you for clearing that up. I can see why some people (especially younger people who grew up with iTunes and downloadable video games and are more used to digitally owning something) might like this but I'm afraid I'm going to have to be a major old fart on it. Phooey on NFT's!

The problem is people who are younger would either like meme related NFTs or sports ones from the source itself (Tom Brady is starting his own) For example pokemon with fat asses is a popular NFT. I think Topps will underestimate how unboring you have to be to get popular these days. They are the day old meatloaf of the collectable world.

 

[JVHaste]

For example pokemon with fat asses is a popular NFT.

39k is the priciest one I think. Total madness!

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opensea.io

 

[Dazed]

If you watch the new Taco Bell commercials they are advertising food or deals that you can only purchase on the app. It's part of their NFT. I think it's their way of fighting the cost of labor. Eventually they will be cashless with no employees.

I'm officially old. I prefer going inside to order my food and have never used Door Dash. If I can't go get it myself I don't need it.

 

[smapdi]

Their ridiculously uninformative "Investors" page does have one interesting bit. Topps Digital Services is apparently a provider for e-cards and such for some big brands. I'd bet this is not about cards or candy at all but about raising capital to go harder into that arena.

 

[joey12508]

i miss pacific.

 

[Philip J. Fry]

And here we go. Topps is officially entering the NFT market.

Official Topps Series 1 MLB Baseball Cards on the WAX Blockchain!

Topps MLB digital trading cards are here! Collect a brand-new set of NFT digital collectibles on WAX.

on.wax.io

 

[Letch77]

And here we go. Topps is officially entering the NFT market.

Official Topps Series 1 MLB Baseball Cards on the WAX Blockchain!

Topps MLB digital trading cards are here! Collect a brand-new set of NFT digital collectibles on WAX.

on.wax.io

There are guys on the local sports talk radio that get so excited about getting picked in "lotteries" to buy limited edition digital packs. Every time they talk about it, I just shake my head and wonder if they were born dumb or if it was a gradual progression.

 

[magicpapa]

I'm not the smartest guy on FCB. Heck I'm not the smartest guy in this thread. I think this has more to do with the NFT. I don't think they would be going public without the NFT part of this story. If I understand a NFT it is not anything I would want to spend money on. Heck, I'm not sure I understand what I just wrote.