The stock market seems more mainstream than ever before, and now Topps Co. is teaming up with a SPAC and will be able to be bought and sold by the public.
Buying and selling Topps is something that has been around forever, just with trading cards. Now investors like myself who invested way too much time and money into trading cards as a kid. Trading cards get sold for hundreds of thousands of dollars every day on the secondhand market. But the world has taken a turn in the last twelve months into NFTs and companies like NBA Top Shot.
The company put out a press release to announce the news and put out part of their initial plan.
“Significant growth in its industry-leading e-commerce and digital (apps) platforms positions Topps to further expand with Blockchain/NFT (Non-Fungible Token) initiatives”Topps
I know that NFTs have been around for a while so why haven’t they gotten in on this before? Honestly the world is just a copycat model and everyone has seen the success of the blockchain, NFT life with the NBA. Everyone is looking for a quick win and a chance to make a few extra MILLIONS on the side.
” Michael D. Eisner, former CEO of Disney, to remain Chairman of Topps, and his firm The Torante Company, which purchased Topps in 2007, will roll 100% of its equity into new public company.”Topps
Anything Disney-related is hard to ignore when it comes to the stock market. They are a mega-company that has had tremendous success for many years in the market and their network is HUGE!
Bottom line I will probably be buying Topps stock because if I can get it anywhere under $25 it’s worth a few shares with the boom of the last few companies that go public.
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