It’s mid December. The World Cup is drawing to a close, and it’s time to both reflect on, and come to terms with, the current state of licensed soccer NFT’s.

Starting at the top, let’s just call a spade a spade. Macro (the economy) sucks right now. Physical is way, way down. Wax (Sapphire no less) is selling for much less on secondary than its initial drop price. Singles are mostly down across the board as well.

Not a great start considering our fastest path to adoption likely involves porting over physical collectors!

SBF and FTX haven’t done the crypto industry any favors recently either. If you don’t know what I’m talking about, turn and ask the next person you see. You’re welcome.

So where does that leave us and our licensed soccer NFT’s? Well, not nearly as bad as you might expect… Don’t forget, THESE ARE FIRSTS!

This isn’t to say it’s all roses out there. It isn’t. But the cries of “scam” and “I want to hold it in my hands” are tired. Let’s put them out to pasture. If you don’t understand the benefits and upside of blockchain technology in the hobby, it’s time to get yourself educated. (EPL Discord here)

So why all the negative sentiment and lack of adoption? Great question, sounds like a topic for our next blog…. – EPL out.