PrivCo Logo

Mashup of Trading Cards and NFTs

Mashup of Trading Cards and NFTs
April 14, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
If you have friends who would enjoy reading this newsletter, please forward this email to them.

While the NBA dove headfirst into NFTs with Top Shot, baseball trading cards came later to the party. But they are now finally joining, as baseball trading company Topps announced it will sell 1,900+ NFTs starting next week on WAX (Worldwide Asset eXchange).

Photo credit: WAX

For those who need a refresher, NFTs (or non-fungible tokens) are unique tokens similar to cryptocurrency but which represent digital assets such as artwork, music, GIFs, and other forms of content. Once you purchase an NFT, that NFT is fully yours to own and control, similar to owning a physical item.

Topps isn’t the first to sell tradeable baseball cards, but it is one of the oldest, founded 80 years ago as a collectibles company for baseball cards. The company, which also earns revenue from selling Bazooka bubblegum and Ringpops, has benefited from the pandemic, as collectibles became a renewed form of investment opportunity. The foray into NFTs is a first for traditional baseball collectibles and its uniqueness may drive further attention to NFTs. Each digital card will not only feature unique digital signatures that cannot be faked, but the artwork itself will also feature motion graphics and nostalgic digital designs.

In another move intended to capitalize on 2021 trends, Topps is planning to go public by merging with SPAC company Mudrick Capital Acquisition Corp II. It will be interesting to see how this 80-year-old company will perform as a public entity. 

Read more on NFTs and their potential in our previous stack.

Uber sets March bookings record
Ride-hailing is on a rebound, likely due to “revenge travel," according to Uber’s March record.  
[Read More]
Coinbase direct listing values it at $65BN
Coinbase is pricing its stock at $250/share, which would value the company at $65BN. The company's public offering serves as a validation for cryptocurrency. 
[Read More]
Since last week, PrivCo has added:
1714 Companies | 234 Funding Activities | 111 M&A Deals

Funding & Deal Highlights:

Tempo Interactive raises $220MM led by Softbank Capital
Fitness Equipment Consumer Products • Round C • Sacramento, CA

Repertoire Immune Medicines raises $189MM
Biotechnology • Round B • Cambridge, MA

Epic Games raises $1BN
Video Games Software & Internet Services • Equity • Cary, NC

Berlin Brands Groups raises $240MM
E-commerce Software & Internet Services • Debt • San Francisco, CA

SambaNova Systems raises $676MM led by SoftBank Vision Fund
AI Software & Internet Services • Round D • Palo Alto, CA

Clearcover raises $200MM led by Eldridge Industries
Insurance Services • Round D • Chicago, IL

Arcellx raises $115MM co-led by CAM Capital and Samsara BioCapital
Biotechnology • Round C • Gaithersburg, MD

Firefly Health raises $40MM led by Andreessen Horowitz
Health Care Providers • Round B • Watertown, MA

Pathlight raises $25MM led by Insight Partners
Performance Management Software & Internet Services • Equity • San Francisco, CA

Streamlit raises $35MM led by Sequoia Capital
Computer Vision Software & Internet Services • Round B • San Francisco, CA

Gathered Foods Corp raises $26.3MM
Food & Beverage Producers • Round B-2 • Heath, OH

Mission Barns raises $24MM
Meat, Poultry & Fish • Round A • Berkeley, CA

MedShift raises $8MM
Health Care Services • Round A • Charlotte, NC

Carta Healthcare raises $17.3MM led by Storm Ventures
Health Care Services • Round A • San Francisco, CA

Swyft raises $17.5MM co-led by Forerunner Ventures and iNovia Capital
Automation Software & Internet Services • Round A • South San Francisco, CA

Snorkely AI raises $35MM led by Lightspeed Venture Partners
Data Management Software & Internet Services • Round B • Palo Alto, CA

Pendulum Therapeutics raises $54MM led by MeriTech Capital Partners
Biotechnology • Round C • San Francisco, CA

LineVision raises $12.5MM led by UP Partners
Technology Services • Round B • Somerville, MA

Pica8 raises $20MM co-led by Aspiro Capital Management and WI Harper Group
Open Source Software & Internet Services • Round C • Palo Alto, CA

Carlyle Group acquires Counter Brands
Consumer Products • Acquisition • Santa Monica, CA

TZP Group acquires Kindred Bravely
Consumer Products • Acquisition • Oceanside, CA

A&R Logistics acquires Luckey Trucking 
Freight Transportation • Acquisition • Streator, IL

Liberated Syndication acquires Glow Technologies
Mobile Software & Internet Services • Acquisition • Seattle, WA

Forward to a Friend Forward to a Friend
Not a subscriber yet? Sign up here!
Have an interesting topic you want us to include. Let us know!
Copyright © 2021 PrivCo Media, LLC. All Rights Reserved.
Unsubscribe | | Contact Us
PrivCo Logo

© 2024 PrivCo Media, LLC


HomeSign inContactPricing