Advertisement
Canada markets closed
  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • DOW

    38,239.66
    +153.86 (+0.40%)
     
  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     
  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     
  • Bitcoin CAD

    86,059.68
    -2,008.18 (-2.28%)
     
  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     
  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     
  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     
  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Score! Major League Baseball Launches Crypto Collectibles Game

Blockchain startup Lucid Sight and MLB are launching a crypto collectible game designed for reaching the next generation of baseball and crypto fans. | Source: Shutterstock
Blockchain startup Lucid Sight and MLB are launching a crypto collectible game designed for reaching the next generation of baseball and crypto fans. | Source: Shutterstock

By CCN: A company called Lucid Sight announced its partnership with Major League Baseball last year. Now the deal is coming to fruition, with the launch of MLB Champions, a crypto collectibles game that allows you to own a digitized version of baseball cards and play with them.

Genius! Digital Collectibles: Rarity Without Wear and Tear

Digital collectibles are perhaps the only way to reach the next generation, Lucid Sight CEO Randy Saaf told Yahoo Finance.

ADVERTISEMENT

“Digital natives,” or people who will have had some version of the internet and mobile devices throughout their lives, will gravitate instead toward digitized versions of collectibles. The blockchain and non-fungible tokens make it possible to own these assets in a way that previous virtual trading games couldn’t have enabled.

Like real-world collectibles and baseball cards, the virtual players can be sold and traded on the marketplace. New players can be bought during drafts or in packs from the company. Player stats improve through usage. Saaf said:

“Our game is a fantasy-esque type game, where you buy the collectibles, you buy a Bryce Harper or Mike Trout, you play them in the game, and if Mike Trout hits a home run to win the world series, that generates new rewards that can be kept scarce, powered by blockchain.”

Digital collectibles, at least when tied to the blockchain, are arguably superior to traditional ones. They can’t be counterfeited, for example, and the company can’t just issue more of them.

Read the full story on CCN.com.