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Baseball Cardmaker Topps Finding Balance between Physical Cards and NFTs, Plans to Go Public
4 hours ago by Bhushan Akolkar · 2 min read
Photo: Topps / Facebook
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With the recent explosion in the NFT market, Topps is seeing an encouraging trend and demand for NFTs. However, the company said that the pandemic reignited the demand for physical cards pushing Topps’ sales 23% north last year.
Topps, the baseball cardmaker, saw a massive demand shooting for the baseball cards which was absolutely unexpected. This unpredicted revival of the sports industry is, however, colluding with the sharp surge in non-fungible tokens (NFTs). Last Tuesday, the 83-year-old sports card company said that it plans to go public through a special purpose acquisition company (SPAC). In its official announcement, Topps noted it seeing the rising popularity of physical collectibles and its move into NFTs.