Pokémon is one of the most popular trading card collections and card games ever created. I can’t tell you how many hundreds, or even thousands of dollars, I’ve spent buying these cards for my son; let alone the action figures, posters, movies, and more. If you have a son, chances are you’ve done the same.
Well, now there’s a new way to get involved in the Pokémon craze.
Recently, the first ever Pokémon non-fungible tokens launched on the OpenSea NFT marketplace, being launched by a profile with the name, “ThePokemonCompany_.”
Pokémon NFTs On OpenSea
As mentioned above, a profile with the name, ThePokemonCompany_, on OpenSea recently launched a new collection of branded NFTs. The tokens feature a wide range of Pokémon characters that dance around on white backgrounds.
At the moment, the collection features just 390 unique tokens, making the collection an ultra-rare one. However, there are expectations that if the original 390 NFTs included in the collection are sold successfully, there will be a long list of new collectibles added.
According to OpenSea, the current floor price on the collection, or the lowest price a collector will be able to buy an item within the collection, sits at 0.016 ETH, which works out to about $67 at the time of writing this article.
Will Buying These Collectibles Be Worthwhile?
This is an interesting question. You see, NFTs have soared in value since they were first developed with some selling for millions of dollars. As a result, several newcomers to the industry see non-fungible tokens as far more than simple collectibles. To many, these are investments that have the potential to change their lives. Which leads us to the million-dollar question:
Does the Pokémon collection have the potential to be a life-changing investment?
The real answer is… Who knows? But if I had to bet my bottom dollar, I would say no, but that doesn’t mean they’re not worth buying. My opinion on the ability of owning a piece of the collection to change your life is based on a two factors:
- Owners. The most popular NFT collections sell out in minutes or hours. However, the Pokémon collection was launched late at night on November 20, 2021. As I write this article, it’s early in the morning on November 22, 2021. According to the collection’s page, at the moment, there are only 12 owners. This means that the collection hasn’t been met with the same level of popularity as the collections that bring the big bucks in at auction like the Bored Ape Yacht Club.
- Volume Traded. On collection pages on OpenSea, the marketplace shows collectors the volume of NFTs in each collection that have been traded in the current trading day. That volume is displayed in Ethereum, with all Ethereum used in trades during the day being added up in the total. However, on the page for the Pokémon collection, the volume traded on OpenSea today is zero Ethereum, and while it’s early in the morning, I would think that a collection launched by such a large brand would see quite a bit of volume, suggesting that these NFTs aren’t as popular as the big money makers.
However, I’m not saying that it’s unlikely for the price of these collectibles to rise. While I don’t think they’ll make you rich, I do believe that there will be substantial growth in the price of these collectibles over the next year. One of the reasons for this is how the smart contracts for the collection have been created.
Don't Miss the Next Big Story
You see, the collection comes with an ascending floor price. Of course, supply and demand dictates that when supply increases, prices must increase. However, with this collection that increase is hard-coded in. Here’s how it works:
The floor price on the first NFT in the collection being sold through the first 20 will range from 0.01 ETH to 0.1 ETH. Once 20 have been sold, the floor price will be over 0.1 ETH. After 45 sales, that floor price will climb again to 0.2 ETH. At 70 sales, 110 sales, and 290 sales, the floor price will increase again to 0.2 ETH and up, 1.3 ETH, and over 2 ETH.
So, while I’m not expecting for this collection to be the most popular to ever hit the tape, I am expecting that, in time, the collection will sell out, and when it does, the price of each piece in the collection will be over 2 ETH, which works out to more than $8,400 at the time of writing this article. Not too bad for an investment that currently costs around 67 bucks.
Nonetheless, this is one of those collections that, regardless of the potential price appreciation, is more about being a fan. You see, the entire brand is built around giving fans the ability to catch Pokémon, with the back story being that if you catch these mythical creatures, you’ll be able to wield the powers they come with.
Avid fans of the brand drive around with smartphone apps, looking for random digital Pokémon as it stands in the Pokémon Go app. Not to mention, fans also “catch” the characters in the collection by purchasing playing cards. Now, with an NFT collection being launched by the brand, fans have yet another way to catch characters, which for them, brings excitement that’s worth far more than the few shekels you’ll have to pay to own a piece of art in the collection.
The Bottom Line
Ultimately, this is yet another story surrounding big brand NFT adoption. As time passes, more and more big brands are diving into the industry, launching collections of their own in an attempt to tap into a wide new audience. As this trend continues, we’re likely to see growing consumer adoption, which will ultimately lead to price increases and rewards for those that got in on the trend early. The Pokémon collection is just another step in that direction.