Trading Cards Distributor James Khuri Says NFTs Are Next Collectible "Cards"

The trading card industry leader James Khuri sees NFTs as being the next collectible "cards."

SAN FRANSISCO, CA / ACCESSWIRE / APRIL 25, 2022 / Non-fungible tokens (NFTs) have quickly become popular. The Bored Apes Yacht Club is perhaps the most well-known and becoming a household name, but there are many other NFTs that are on a similar rise. According to the trading card distributor James Khuri, these digital tokens will be the next collectible "cards."

Non-fungible tokens are digital assets that can't be replicated. They originally represented real-world objects, such as music, art, and videos, but some are now digital-only.

Replicating individual NFTs can't be done, because they're normally built upon blockchain software. Most often the blockchain that they're built on is the same cryptocurrency with which they're bought and sold.

All NFTs can be bought and sold, and some command quite high valuations. Because they can't be replicated, collectible NFTs can be created individually or in limited editions. Limited editions can feature different NFTs (e.g. Bored Apes Yacht Club), or they can be identical in appearance to one another.

In many ways, NFTs and trading cards are quite similar. They're both visual representations of artwork (or auditory too in the case of NFTs), and they're designed with anti-replicating properties that prevent counterfeiting. Additionally, both are often made in limited editions that are sought-after, collectible, and have value on the secondary market.

Because of these similarities, James Khuri sees NFTs as functioning like digital trading cards. Some luck is involved in getting the most coveted ones, although individuals can increase their chances by purchasing special releases of either. Additionally, those especially rare NFTs are trending up in value much like the most sought-after trading cards do.

While James Khuri may not be the only person to draw this parallel, he is one of the most knowledgeable voices on the topic. Khuri is the Chief Executive Officer of one of the largest trading card distributorships. His company sells trading cards, including Pokemon and Magic the Gathering, to major retailers such as FYE, Spencer's Gifts, and Walmart.

When purchasing NFTs for their future value, James Khuri recommends getting the rarest ones that are within a person's budget. The rarer an NFT (or trading card) is, the less the supply and more likely the asset is to be sought-after. These factors increase value.

About James Khuri

James Khuri has been recognized by Watch as one of the Top 10 Entrepreneurs. He is the Chief Executive Officer of FJ Holdings and Khuri enterprises and is the CEO of at least eight other companies. One of Khuri's biggest holdings is a trading card distributorship that sells trading cards to retailers including FYE, Spencer's Gifts, and Walmart.

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SOURCE: FJ Holdings