Markets
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Lens 1 · Progress vs. Promise
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The Card Market's $12B Bubble, Its Collapse, and Why the Recovery Is Different This Time
The 2020-2021 trading card mania added $12 billion in value before erasing half of it. Three years later, the recovery shows structurally different characteristics — more institutional, more digital, more tokenized. But the speculative impulse hasn't gone anywhere.
Lens 3 · Investment Intelligence
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Tokenized Trading Cards: The $50B Alternative Asset Class That Institutional Investors Can No Longer Ignore
The $420,000 Charizard, the $12.6M Mickey Mantle, and a blockchain ledger that proves ownership: trading cards have become a legitimate alternative asset class, and tokenization is completing their institutionalisation.