MarketWatch 3/2022
Dear collectors,
Happy to bring you some fresh news from the world of collectibles — traditional memorabilia, NFTs and metaverse collectibles. Enjoy it…
MICHAEL JORDAN’S DEBUT FULL MATCH TICKET UP FOR AUCTION
When Michael Jordan made his debut in the Chicago Bull as a top NBA draft in the 1984 season, hardly anyone will imagine the price of the ticket stub for the match would look like four decades later. Well, it appears the ticket stub is now worth a fortune. Data has shown that the auction price stood at $250,000 per stub as of Thursday, with the auction still open till the 26th of February 2022. Mike Cole is the lucky guy here, and his decision to keep the ticket stub when no one accompanied him to that game is about to make him a rich man.
CRYPTOPUNKS ETHEREUM NFT IS SETTING THE PACE ONCE AGAIN
CryptoPunks have been making a good impression on the market. Before now, the previous peak price of CryptoPunk stands at $11.8m, which was set in June 2021 and purchased by Mackenzie, the DraftKings‘ highest shareholder. However, if the value of the on-chain sale through the larva lab marketplace is to be computed, then the pseudonymous 4156 who used his namesake ranks as the highest sale to date. From the data available, the CryptoPunk was sold for $10.26m worth of Ethereum. What made this CryptoPunks unique is that out of 10,000 avatars, only nine are aliens.
THE REAWAKENING OF BLACK HISTORY IN AMERICA SET FOR AUCTIONING
Imagine an art collector collecting artifacts belonging to a particular race for 60 years? That is exactly what Elizabeth Meaders, a 90 years old retired teacher, has been doing in the last six decades. Some of the memorabilia and artifacts tell a story of black history and historical figures of black origin that have shaped the history of America. These artifacts are primarily meant to provide a clear picture of American history from the African-American experience.
HERE IS HOW JP MORGAN IS SHAPING THE METAVERSE WORLD
For most people, especially those in the financial industry and active stock players, JP Morgan is a household name. But it appears the American financial powerhouse is beginning to join the metaverse race by launching its first virtual bank Onyx Lounge in the Decentraland Metejaku district. Also, data analysis from JP Morgan has predicted metaverse will create a $1 trillion-dollar revenue opportunity in the coming years. According to a report from JP Morgan, the $1trillion is achievable considering the penetration of the metaverse industry by heavyweight market players such as Nike, Adidas, Walmart, and Disney. With this in mind, business leaders worldwide have been strategizing on how to ensure they position themselves in the industry.
QUEEN ELIZABETH PLATINUM JUBILEE AND ITS IMPACT ON BRITISH ROYAL ARTIFACTS
Undoubtedly, Queen Elizabeth is the longest-reigning monarch in British history, and the 95 years old monarch is about to celebrate her Platinum Jubilee on the throne. Celebrating memorabilia is not new to the British throne. It is an ancient tradition that can be traced to the coronation of King Charles II in 1661. Celebrating this event is both traditional and unique as royal art collectors respond to the rising demand for crockery items and other royal items.
HOW CYBER AND RARIBLE MERGER WILL SHAPE METAVERSE AND NFT INDUSTRY
With the merger of Cyber and Rarible into one, the users of these platforms can now leverage this arrangement to browse seamlessly NFT collectibles using an immersive virtual reality experience. According to Cyber founder Rayan Boutaleb, the coming together of Cyber and Rarible will create room for the expansion of NFTs users and buyers. And also, compared to other platforms, Cyber VR can operate effectively on mobile phones, with older gen phones inclusive. As icing on the cake, the platform is available for NFTs minted on the Ethereum blockchain.
NBA LEGEND, LATE KOBE BRYANT SHIRT DURING HIS 81 POINTS AGAINST TORONTO RAPTORS SET FOR AUCTIONING
NBA legend Kobe Bryant’s shirt, which he wore against Toronto Raptors, is set for auction, carried out by Sotheby’s. Also, the report has it that the late NBA Legend shirt worn when he set the record in 2005–2006 will be sold in a single-lot auction with the opening bid peg at $200,000. This will mark the first time Kobe, popularly known as Black Member worn memorabilia 81 points game, will be available for public auctioning.
NEW YORK STOCK EXCHANGE SET TO LUNCH ITS FIRST-EVER NFT AFTER PATENT LATEST FILING
Industry watchers are beginning to position themselves on what will be the outcome of virtual reality when NYSE gets fully involved. It is no longer speculation that the New York-based stock broking giant is set to launch its first-ever NFT platform on the VR. With the coming onboard on NYSE into the VR industry, then the competition in this turf will automatically shift from a two-horse race between OpenSea and Rarible. However, this is not the first time the NYSE is undergoing a project relating to NFTs. In 2021, the NYSE minted six NFTs, marking the journey of the world’s biggest stock company into NFT.
Wish you wonderful time, stay safe and enjoy collecting.!
Your Truly Kozboy
