[douglaswlance]

>No, it’s because the valuable object is physically scarce, and exists as a material historical artifact independent of any ledger. NFTs have never and will never have these attributes.

Collectible cards are scarce by design. Manufacturers print millions every year. They could reproduce the same card for decades. They could also print them on demand. Whenever someone orders the card, print it for them, and ship it out. It is artificial scarcity.

Collectible cards must be graded and registered to be valuable. An unregistered Michael Jordan rookie card would be assumed to be a fake. They exist in a ledger.

The social contract between collectors and manufacturers is what creates the value. The manufacturer agrees to generate verifiable scarcity, and the collector agrees to purchase seemingly worthless cardboard and ink at a markup.