Trading card Topps continues to sell baseball-themed non-fungible tokens (NFTs).
In an OpenSea auction that ended on Friday, 4 March, the first edition of the company’s “Topps Timeless Series,” an NFT of the legendary 1952 baseball card of New York Yankees slugger Mickey Mantle, sold for 175 ETH (about $471,000).
Mickey Charles Mantle (October 20, 1931 – August 13, 1995) was an American professional baseball player known as The Commerce Comet and The Mick. Mantle was a center fielder, right fielder, and first baseman for the New York Yankees for his entire Major League Baseball (MLB) career (1951–1968). Mantle was a brilliant player and slugger, and many consider him to be the best switch hitter in baseball history. Mantle was chosen to the Major League Baseball All-Century Team in 1999 and was inducted into the Baseball Hall of Fame in 1974.
The transaction tops NBA Top Shot’s record sales of $230,000 and $210,00 for limited edition LeBron James memorabilia, making it one of the most significant in the sports NFT scene.
The winning bidder will also receive a 30-minute interview with Mickey Mantle’s two sons as part of the “The Mick” collectible, which is officially sanctioned by MLB and offered in collaboration with the Mantle’s two sons, Danny and David.
The Mantle boys said in a statement that “this card has been part of my father’s legacy for 70 years, and it is incredible to witness its enduring influence with collectors and baseball fans around the world.” “Through NFTs, we’re able to share this piece of history with Topps in a fresh and interesting way.”
The Topps Company, Inc. was founded in 1938 and is a subsidiary of Fanatics, Inc. Fanatics Collectibles, a next-generation physical and digital trading card company, was created in 2021 and is a subsidiary of Fanatics, Inc. Topps entertains and thrills consumers with Fanatics Collectibles, which offers a diverse, engaging, multi-platform product portfolio that includes physical and digital collectibles, trading cards, trading card games, sticker and record collections, memorabilia, and curated experiential events. Major League Baseball, Major League Soccer, UEFA Champions League, Bundesliga, National Hockey League, Formula 1, Star Wars, Garbage Pail Kids®, and other properties are among the company’s holdings. Topps Digital Sports & Entertainment has connected with individuals all around the world through our apps, which include Topps® BUNT®, TOPPS® KICK®, Star WarsTM: Card Trader by Topps®, Topps® NHL SKATETM, Marvel Collect! by Topps® and Disney Collect! by Topps®.
The actual cards on which the NFT is based are still some of the most sought-after in the baseball card market, with current prices ranging from $30,000 to $250,000 depending on graded condition.
Since April 2021, when it introduced its first series of digital baseball souvenirs on WAX, Topps has been a player in the NFT game. In August, the trading card company migrated its NFT marketplace on the Avalanche blockchain, which coincided with the release of its first MLB-licensed collection, “Inception,” with NFTs from the collection currently selling for roughly $2 each.
In January, sports retailing behemoth Fanatics paid $500 million for Topps. Fanatics also owns baseball NFT marketplace Candy Digital, which publicized the Mantle sale to its users in the weeks leading up to the auction. Fanatics announced a $1.5 billion investment round on Thursday with a $27 billion valuation.