Crypto market for tokenized Pokémon cards sees rapid growth

The market for cryptocurrency-based collectibles, where physical Pokémon cards are tokenized for trading while being stored in a vault, is growing rapidly, Decrypt reported. Gacha, or random draw, sales on the top seven platforms reached $230 million last month, a more than sevenfold increase from $32 million a year ago. This growth is attributed to the game-like format of randomly drawing cards, which satisfies both speculative and collector demand. As the broader trading card market is projected to grow to $23.5 billion by 2030, blockchain technology is emerging as a key factor supporting this demand. The appeal of blockchain integration stems from its ability to eliminate counterfeit risks and provide a simpler trading environment compared to traditional platforms like eBay.