Season 2 Ep #5: The ABCs of NFTs

What is an NFT (Non-Fungible Token)? How are they created? Why would you collect digital files that anyone can obtain or view for free? This week on IP Goes Pop! fellow Volpe Koenig Shareholder Joseph Gushue returns to the podcast and joins Michael Snyder to talk about the ABCs of NFTs.

Michael and Joe break down some of the technical jargon behind NFTs and the basics of the blockchain, as they explore the current trends and future prospects of this technology and how it could impact the pop culture world.

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IP Goes POP! takes you out to the ball game (and the blockchain) for this episode of the podcast that looks at the shift from “collectible trading cards” to “collectable NFTs”. Podcast co-hosts, Volpe Koenig Shareholders, and intellectual property lawyers, Michael Snyder and Joseph Gushue round the bases and pull out their most memorable sports cards as they slide home to talk about the intellectual property (IP) of baseball cards, collecting, and non-fungible tokens (NFTs).

The days of digging through the attic in search of that hidden box of your grandpa's old sports cards may be dwindling, but they are not gone. In some cases, these antique cards remain valuable assets for their owners, who can be thought of as holders of fine art. Some lock their cards away in vaults for safety or display them on their walls, behind glass cases, taken out only under the protection of silk gloves. But, how does the price of a 1959 Mickey Mantle or mint condition Honus Wagner baseball card (approximately 60 in remaining in existence) compare to a modern-day digital version of a trading card, such as the NBA Top Shot NFTs, with clips anyone can view online? Is the future of baseball cards still something you can touch with your hands or will it reside digitally on your phone?  Our panel discusses the basics of what an NFT is and how this blockchain technology is shaping the future of the analog trading card business.

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