MLBPA Partners with Player Tokens for Crypto Collectibles
Major League Baseball Players Association (MLBPA) in association with Player Tokens have released a crypto-collectible service featuring 73 All-Stars and players from all 30 Major League baseball teams.
The Seattle based company, led by founder and CEO Kush Parikh, has reached a deal with the players' union to introduce fans to the world of crypto-collectibles. Not to be confused with cryptocurrency, the idea is that the digital assets come in different “packs” similar to what you would normally get with trading cards and have a unique ID that can be tied back through blockchain technology to prove its authenticity.
It’s back to the future with @playertokens! It’s not a hoverboard but equally cool!
— MLBPA Players Choice (@MLBPAClubhouse) August 8, 2018
By doing so, Player Tokens is able to know what tokens are tied directly to the collector. The tokens come with images of the players with their signatures, much like you would find on a physical or digital trading card, but they are multidimensional, allowing one to track the mint date and previous ownership, and can be sold or traded on crypto marketplaces.
Kush Parikh, founder and chief executive of Player Tokens, said:
“At Player Tokens, we are reimagining the collectible experience for collectors, fans, and athletes by leveraging the latest technologies to provide experiences that were previously not possible. Our intent is to deliver a simple, fun collectible, accessible to all fans and collectors globally, whether crypto veterans or novices. As we build out the Player Tokens platform, you'll see an ever-expanding way that fans and collectors can utilize their tokens, including engagement with their favorite players.”
Parikh said that the company’s deal with the MLBPA will start with 200 players, including all the players selected to the 2018 MLB All-Star Game, with an additional 100 players before the postseason kicks off. All 300 players will be minted with the same number of tokens, which will be randomly dispersed across the packs.
“Baseball has a strong track record of being pioneers and innovators, especially in the collectibles industry,” said Evan Kaplan, Director of Licensing and Business Development, MLBPA. Adding:
“We believe Player Tokens is taking a great step forward, modernizing the fan and collector experience while paying homage to the rich history of baseball collectibles. We look forward to fans, collectors, and players engaging in new ways through Player Tokens.”