Why do we care? We care because Topps and its products are popular with the same set of folks who are very excited about creating rare digital items on particular blockchains. Yes, the baseball card company is going public in a debut that could easily be read as a way to put money into the NFT craze without actually having to buy cryptocurrencies and go speculating itself.
And Topps apparently owns a number of assets in the candy space, which I find whimsical.
So let’s have a small giggle as we go through the Topps deck and then ask if the company is being valued on its actual, and modestly attractive, present-day business or on possible revenues from future NFT-related activities.
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