Podcast Summary
Gary Vaynerchuk's Team Launches New Trading Card Company 0 Cool: Gary Vaynerchuk's team expands into non-sports trading cards with 0 Cool, acquiring licenses from Topps, Panini, and Upper Deck, and creating the first physical NFT trading card set.
Gary Vaynerchuk and his team are expanding their V Friends universe with the launch of a new trading card company called 0 Cool. This company is focused on creating trading cards for non-sports culture icons, such as TV and movie stars, rappers, artists, and fashion designers. The announcement comes with the unveiling of the first physical trading card set for an NFT project, making it an exciting intersection of culture, commerce, finance, and collectibles. The team has been working on this project for a while, and it marks a significant expansion of their interests beyond sports. They've acquired licenses from Topps, Panini, and Upper Deck, making them the fourth major trading card company. The launch includes the technology, brand, site, and the first physical trading card set. The team is thrilled about the potential of 0 Cool and the huge upside it presents.
VeeFriends Collectible Cards Priced via Blind Dutch Auction: VeeFriends collectible cards will be priced based on market demand through a blind Dutch auction, allowing everyone a fair chance to participate and preventing over or underpricing.
The VeeFriends collectible cards, which are a limited-edition, high-quality product, will be priced based on market demand through a blind Dutch auction. This mechanism allows the market to determine the price, not the sellers. The auction will run for three days, starting on March 8th, and interested buyers can submit their bids at zerocool.com. This pricing strategy reflects the idea that collectibles, trading cards, and NFTs are not consumer goods, but market-driven products. This approach was used successfully at StockX, and the mechanism ensures that everyone has a fair chance to participate, regardless of their bid price. The auction format also helps prevent overpricing or underpricing of the collectible cards, as the price will be set based on the market's willingness to pay.
Understanding Transparency in Collectible Bidding Mechanisms: Transparent bidding mechanisms for collectibles aim to ensure most people pay less than their bid, with clumps of prices around specific amounts. The VeeFriends project is an example of this, selling 800 boxes with hand-drawn cards, while retaining some for personal use.
Transparency is crucial in understanding the bidding mechanism for collectible items, and despite potential mistakes made in the past, the goal is to ensure that most people pay less than their bid, with clumps of prices around specific amounts. The VeeFriends project, which involves selling 1,000 boxes, each containing 10 cards, is an example of this mechanism. The boxes are not yet shrink-wrapped and are premium quality, with only 200 of them signed by the creator. The project aims to give some boxes to influencers and team members, and the remaining 800 boxes will be sold. The details of the math behind the project can be found on zeroco.com. The hand-drawn cards add to the chase and rarity of the collectibles. Overall, the emphasis is on creating a fair and transparent system for selling collectibles, while also ensuring that the creator retains some for personal use.
Exploring a Collection of 800 Boxes: Participants discovered unique items, shared finds, and enjoyed an exciting three-day bidding experience with rare and valuable cards, including base cards, rares, and autographed cards.
The group of people in the discussion were excitedly opening and discovering unique items from a collection, with some finding rare and valuable pieces. They were sharing their finds, comparing rarities, and expressing their enthusiasm for the experience. The collection consisted of 800 boxes, and the bidding would last for three days. The group found various items, including base cards, rares, and even a few one-of-a-kind autographed cards. The excitement was palpable as they uncovered their treasures and shared in the joy of the discovery. It was an enjoyable and memorable experience for all involved.
First High-End NFT Drop by 0 Cool Featuring Deadpool's First Appearance: 0 Cool, a new NFT platform by Fanatics and Topps, launches its first limited edition drop with Deadpool's first appearance on March 8, 2023. This bot-free auction marks the beginning of potential expansion into various industries and opportunities for fans.
0 Cool, a new collectible card platform by Fanatics and Topps, is launching its first high-end, limited edition NFT drop featuring Deadpool's first appearance on March 8, 2023. The auction will be bot-free and fair, and marks the beginning of a potential expansion into various industries, including music, fashion, and entertainment. The speaker, a Jeff fan, expressed his excitement about this venture and its potential to provide opportunities for fans who missed out on previous collections. The event also represents the start of the 0 Cool brand and business, with plans for future sets and concepts inspired by various cultural icons. The speaker reminisced about his childhood collectibles and expressed his belief that artists, fashion designers, and other cultural figures deserve consistent sets and recognition similar to athletes. The auction is expected to be the alpha version of a larger initiative, with more opportunities for fans in the future.
