MarkeytMaker
Sergeant Major
- Joined
- Nov 21, 2009
- Messages
- 1,548
I assume many haven't fully grasped what impact NFTs are gonna have, nor fully understand how they work? It's worth a discussion...
I did some research on trademarks and discovered Upper Deck trading cards submitted a trademark application for tokenization, blockchain and digital wallets. I discovered this through researching the new company HUMBL's trademarks. Sure enough a week later HUMBL has a new hire from UPPERDECK. HUMBL is building a token engine and an NFT Marketplace. So what I assume is happening is trading cards are moving into HUMBLs NFT Marketplace? The thing that fascinates me here is the royalty aspect assigned to the NFT's. If a "new buyer" of a new NFT trading card for example is allowed to split a 10% royalty 5%/5% with athlete and buyer its a big FN deal! Why? Because anyone who buys an NFT trading card is on the blockchain as an authenticated original owner of that NFT. Now when this NFT is bought and sold for eternity the original buyer and athlete automatically obtain a royalty for each and every transaction forever! This makes trading cards reoccurring revenue assets. Meaning even if you never had interest in buying baseball cards, you'd be missing an opportunity not to get involved. See where this is going? HUMBL also has patents. One such patent is for an (ISN) instant settlement network for international P2P transactions to 7 billion people worldwide. If the NFT becomes an automated transaction with an ISN, then it would mean that each time that trading card is sold, the ISN sends payments to the person on record with the royalty. Let's talk about this...anyone?
I did some research on trademarks and discovered Upper Deck trading cards submitted a trademark application for tokenization, blockchain and digital wallets. I discovered this through researching the new company HUMBL's trademarks. Sure enough a week later HUMBL has a new hire from UPPERDECK. HUMBL is building a token engine and an NFT Marketplace. So what I assume is happening is trading cards are moving into HUMBLs NFT Marketplace? The thing that fascinates me here is the royalty aspect assigned to the NFT's. If a "new buyer" of a new NFT trading card for example is allowed to split a 10% royalty 5%/5% with athlete and buyer its a big FN deal! Why? Because anyone who buys an NFT trading card is on the blockchain as an authenticated original owner of that NFT. Now when this NFT is bought and sold for eternity the original buyer and athlete automatically obtain a royalty for each and every transaction forever! This makes trading cards reoccurring revenue assets. Meaning even if you never had interest in buying baseball cards, you'd be missing an opportunity not to get involved. See where this is going? HUMBL also has patents. One such patent is for an (ISN) instant settlement network for international P2P transactions to 7 billion people worldwide. If the NFT becomes an automated transaction with an ISN, then it would mean that each time that trading card is sold, the ISN sends payments to the person on record with the royalty. Let's talk about this...anyone?
