Lumping crypto in with NFTs as some sort of collectible is disingenuous. What “crypto” does rely on is adoption which then makes sense to be evangelizing a use case.
Appreciate the shout!
I would like to add: While I know that the word blue chip is often used within the NFT community, no blue chip NFTs are really comparable to blue chip stocks or blue chip art since all NFT projects have been around for less than 10 years. Even the blue chippiest of NFTs like Art Blocks Curated or Cryptopunks are hard to take seriously as blue chips in a comparable way. CloneX has only existed for around one year. While I know it’s considered a blue chip within the NFT community, I can’t imagine folks outside the community taking it seriously as a blue chip in any way.
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To be clear, in the context of my post I’m referring to crypto collectibles specifically.
Makes sense! Thanks for the clarity. I see “crypto” used as a catch all a lot and thought it was in reference to any cryptocurrency
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I just don’t see why I’d want an NFT. It just seems like a money-making scheme, it’s seen purely as an investment, the art attached to it being whatever. Pretty much everyone I see talking about it just mentions it as an investment opportunity and making money from it.
I can invest in, and make money from Pokemon cards but in the end it’s a tangible good that has actual appeal to own, I like the game, the art, collecting them. And it has a lot of users that aren’t just buying them as investments, so you can’t compare “market caps” like that. Not to mention Pokemon TCG as a whole would have a very large market cap, you’re just comparing the cap of 1 (graded) card when the value of it is dependent on, and affected by the entire Pokemon TCG market as a whole, it’s pointless to isolate 1 card like that because that’s just not how you evaluate a market/good like this.
There’s no real desire to own some virtual shoe or whatever, it has barely been around for any worthwhile time and has historically shown to not last. Pokemon has been around a long time with great staying strength.
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No one can ever say efour isnt welcoming to new people or outside opinions again when there are multiple mods and the founder actually debating a new users first post “psa 10 charizard vs nfts”
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I read the whole thread but I might have missed someone asking -
Why buy a digital shoe and not a pair of deadstock Nikes?
Maybe that’s a better comparison.
Are the real things just not doing it for people anymore? I haven’t bought sneakers like that since middle school so admittedly I’m a bit out of the loop but idk. With the real pair, with the box and the 80s 90s 00s nostalgia - I can see why pairs of dunks are fetching 4-5 figures (wish I still had my pairs LOL).
I just see the potential enjoyment and chase of physical collectibles more enjoyable. There is the fetishistic (non sexual use of the word 
) aspect of holding the physical object, as well as challenge around Condition or other modifiers if you’re into that sort of thing (I am).
Last thing I’ll say is about the market cap thing - I’m no stonksman myself but isn’t market cap just a measure of how much people have spent? I think conflating it with number of interested people, or applying intent to that cap, or assuming anything predictive is risky. You could say the lower cap of Charizard just means it has more room to grow 
Also PSA 10 zard only 8k? Gonna start saving now
Small clarification: The NFT that the OP is describing is a PFP avatar, not a digital shoe. The original post is confusing because it highly emphasizes Nike as being behind it. The CloneX project was started independently and Nike later acquired it. While the OP never mentions the name CloneX, this is the collection they are talking about.
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Ok 111111 more thing. I’m I the only one who thinks collecting something from like 1-5 years ago is just so dissatisfying? Like cool this just came out and I have one. Idk. 2020 ugliest year confirmed?
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Shows what I know lol. Still tho, if I want to buy into Nike why am I not buying shoes?
Edit: Oh it’s a murakami thing now I get it. Yeah people are probably calling it art etc and justifying that way.
Mass market artists are almost as cringe as the number 2020. Looking at Kaws and Arsham and Jeff K etc. Warhol did that already time to move on.
Last thing I’ll say is about the market cap thing - I’m no stonksman myself but isn’t market cap just a measure of how much people have spent? I think conflating it with number of interested people, or applying intent to that cap, or assuming anything predictive is risky. You could say the lower cap of Charizard just means it has more room to grow
I think market cap just refers to the total value of assets in a given class. So if a PSA 10 1st Ed. Base Charizard is worth $250k and there are 122 of them, the market cap is $30.5m.
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Yeah was being a bit dismissive w my language I admit. Market cap doesn’t even mean that much was spent 
Maybe I am too much of a boomer to understand or appreciate NFTs.
Can someone describe to me why I would want to purchase a digital image that anyone in the world can also download and appreciate for free?
The other thing that bugs me about NFTs is that sales (and profit) seem to be the main goal. It is difficult for me to part with a piece of my collection, not something that I take lightly or look forward to because of a small payday.
Also, why does market cap matter at all? I think the Reddit/Instagram audience would be more interested in market cap differentials.
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Dang bro he called you a r*dditor
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I think your point still stands about buying physical shoes! I don’t personally get the idea of buying physical clothes that I wouldn’t wear outside for fear of lowering its condition. I just don’t have the space for it. I like cards because they take up relatively little space. I’ve gathered from your other posts that you collect fashion so you probably have a different perspective here!
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Touché bc the clothes thing is me
Just to say a little more on that - for me the appreciation of owning couture or rare clothing (and I assume the appeal of owning sneakers) is a sculptural one.
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Without having read all the messages here I find it impossible to answer the OPs question regardless. You cannot compare a physical item with a near 30 year track record of organic demand (minus 6 months of severe stonking in 20-21) versus a digital item with no utility and a 1 year track record of questionable organic demand just because they have the same price. Also, Charizard sells in all grades literally every second of every day so why only pick out 10s for comparing market cap?
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I’ll say one thing to the contrary. Since we are talking about 8k for an unlimited charizord, that’s an absurd amount for that card and from an investment perspective I think there are far better choices.
Any card that loses 94% of the value when you crack it out of the case is a huge red flag for me. At that point, you are investing in the grading company more than the card itself
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I think comparing market caps is useful if done between Pokemon cards. It’s a decent way to judge relative demand. I think it’s pretty pointless to compare market caps across asset classes, though, because different audiences have different purchasing power.
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