We are only scratching the surface when we talk about the future of NFTs and real use cases on how they can be applied to our everyday lives.
Let’s start with NFT basics before we get into what is a Pokemon card NFT and how do you get one.
A Non-fungible token (NFT) is a digital contract representing ownership of a digital media, such as a video or image. It can also represent ownership of a real-world item, such as a Pokemon card or pair of Steph Curry game worn shoes. NFTs are non-fungible. This means they are unique, a 1 of 1. No two NFTs are the same.
Ownership of NFTs is public record and easy for anyone to verify. NFTs are portable, easily sellable and tradable, can be accessible anywhere-anytime, are used in the metaverse or the physical world without putting the item at risk of damage, and can create financial opportunities such as royalties to creators and collateral to lending. Each NFT has unique properties that exist on the blockchain, an online digital ledger that verifies and records transactions.
On the other hand, crypto or fiat currency are the opposite of this; they are fungible. For example take a U.S. 5 dollar bill. You can trade a 5 dollar bill for another 5 dollar bill and you end up with the same thing. A 5 dollar bill.
There are a lot of friction points in the world of collecting Pokemon cards. Buy, sell, package, ship, insure, authenticate, grade, just to name a few, can all become pain points to completing a transaction. When all we really want is to know the card is authentic, shake hands to consummate the transaction, and move on with our lives. RareMint Pokemon Card NFTs solve it.
At RareMint, the NFT is a digital representation of the actual graded and slabbed Pokemon card. We provide a 360 degree view of the card so you can display it on your wall, in your metaverse gallery, in AR, or from your phone. The Pokemon Card NFT can easily and instantly be sold via a secondary market like OpenSea. No more box, bubble wrap and tape. Given the extremely high price of auto fuel, you don’t need to drive to the mailbox to send. A few button clicks and your transaction is complete.
It also confirms your ownership of the physical Pokemon card. Simply, if you have the 2002 Charmeleon Reverse Foil Pokemon Legendary Collection PSA 10 NFT in your wallet, you own the actual card in our vault. It is that simple. All of our cards are graded and slabbed by PSA, Beckett, or CGC. These companies are the authority on grading trading cards and the most reputable in the business. You can have confidence the cards are authentic and real.
The actual physical card is stored in our secure and insured vault. The vault facility is embedded in the earth and surrounded by steel, concrete and rock. The lighting, humidity, and temperature is consistent to ensure your Pokemon cards remain in the same condition as when received. Vaulting is always free. If you ever want the card, you can exchange your NFT for it. The card is yours.
Storage and insurance for the asset is factored into the price of the initial sale and a contribution is made from royalties earned on secondary sales to support ongoing costs. We practice the highest standard of care to maintain, monitor, and manage the continued value appreciation of your Pokemon card.
On July 21st, 2022 at 7pm ET, RareMint will drop our first Slab Series. This is 200 Pokemon Card NFTs in Mystery Packs. Each card is backed by the physical card in our vault. Vaulting is free and at any time you can choose to redeem your NFT for the actual card. We’ll be dropping on Polygon. Our first drop includes a 1999 Charizard Holo 1st Edition worth over $28K.
Read more here: https://medium.com/@raremint/slab-series-pokemon-drop-1-884d8088e863