May 23, 2022
Welcome back to Alt Hits.
Before we hit you with the latest news in alternative assets, let’s get some housekeeping out of the way. Next Monday, May 30th, is Memorial Day and Alt's operations will be modified in the following ways:
- All support tickets submitted during the Holiday weekend (5/28-5/30) will be responded to on Tuesday, 5/31.
- Deposits still pending on 5/30 may take an extra day to settle.
- All packages arriving to the Vault during the weekend will be received, scanned and added to portfolios starting Tuesday, May 31st. All items will be kept safe by our world-class security measures any time a package is in the Vault, even if it has not yet been scanned and added to your portfolio.
After overachieving and reaching the 2021 NBA Finals, The Phoenix Suns took things a step further, ending the regular season with eight more wins than any other NBA team, and earning home court advantage throughout the playoffs. Of course, the Dallas Mavericks had other plans, sending the Suns packing after round two. Not surprisingly, the loss has had a major effect on the asset values of Suns players, with Mikal Bridges, Cameron Johnson and Deandre Ayton being three of the top six fallers in the entire hobby in terms of Alt Value.
TWO GOAT OR NOT TWO GOAT?
A Fleer Showcase Masterpiece Tom Brady 1/1 recently sold for $396,000. The interesting part? There are two of this 1/1 card in existence. Fleer and Upper Deck confirmed that from time to time more than one 1/1 card was produced, so it seems legit. If weird.
ONE BILLION IN SHOTS
Still wondering how sports fans feel about NFTs? NBA Top Shot just passed $1 Billion in Marketplace purchases. Better hurry up and grab your exciting highlights before the only ones left are free throws.
IT’S GOTTA BE THE ‘CHUS
Converse and Pokémon have teamed up to create four pairs of All-Stars featuring All-Star Pokémon characters. Gotta collect/trade/wear ‘em all.
DJ WILD PITCH
Steve Aoki threw one of the more memorable first pitches in MLB history the other day. So memorable that it was turned into a Topps Now card.
THE SOUND OF NFT
Speaking of Aoki, he’s one of a few artists Spotify teamed up with with to test adding NFTs to artist profiles. It’s not available for everyone, so don’t be upset if you can’t find it now. The metaverse will be here soon enough.
After 25 years, a Kansas man returned four 1909 baseball cards to their rightful owner after swiping them from a shop when he was 12 years old.
Another burgeoning alternative asset class? VHS tapes! CGC plans to start grading the once popular format, now found mostly at garage sales. Time to stock up!
MAJOR LEAGUE NFTs
After kicking things off with soccer, Sorare has struck a deal to bring Major League Baseball onto their platform, which combines the rarity of NFTs with the excitement of Fantasy Sports.