NFT’s seem to be losing their luster and Digital Collectors are gaining momentum. The traditional collectibles market is huge, 450 billion dollars and project to grow to 1 Trillion by 2033 so seeing the digital collectors market move should be no surprise for savvy investors.
From my favorite Crypto Newsletter
Milkroad
Big brands getting into NFTs is nothing new. We’ve seen it all folks… the good, the bad and the ultimate top signal:e
And while there have been a lot of swings and misses, Reddit’s rollout tells a different story.
What’s happening? Reddit NFTs just passed 10M holders.
That’s 10M wallets being created on the Polygon network. 4x the amount of people that transacted on OpenSea
by the end of last year.
Reddit’s gotten ~$33M in sales revenue. Not too shabby for less than a year.
How’d they do it?
First off, they never say NFTs, wallets or any other lingo. If Web3 is gonna be accepted by the masses, we gotta drop all those buzzwords.
Reddit’s also made them inexpensive. A far cry from the standard 10K collection that prides itself on exclusivity and high prices.
It doesn’t hurt that they’re kinda cute, too.
End of Milkroad article
While we are on the subject of collectibles, I feel the collectibles market in general is starting to collect some momentum. I don’t know if you have seen the Netflix King of Collectibles Serious, but if you are considering investing in collectibles, it is worth checking out.
Currently the collectibles market is 450 billion dollars and project to grow to over 1 trillion by 2033. If you are investment minded, those are projections and a market that is probably worth studying.
I have always considered collectibles as an asset class that I have invested in. I started collecting coins and baseball cards as a kid, and at this moment my wife and I are one of the largest re-sellers of collectible Hallmark Christmas Ornaments in the world. We also run a business called CMG Sports Card Investments. We have another website that supports the resellers of collectibles here. Online Auction U.
So I feel compelled to at least let you know about a brand new opportunity in the collectibles market that is getting ready to launch at the time of this article. It is called Collect Direct, and believe many entreprenuers will create a signficant additional income stream with this program. I am so impressed with everything I have seen, my plan is to build the largest team of affiliates in the world with this unique opportunity in the collectibles space. You can learn more about it here:
