• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Monday, March 20, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
life-storage-collectible-items-9

Is the Future of Collectibles Digital?

by Annette DuBois, California Business Journal
A A
Share on FacebookShare on Twitter

Since the advent of the internet, many of the things we enjoy the most in our leisure time have gone digital. Our newspapers and magazines are now available to consume online, while streaming services like Netflix have helped deliver a new world of entertainment on our laptops, tablets and phones.

In music, physical media has endured purely as a collectible, with most new tracks and albums enjoyed through streaming services like Spotify. Streaming now accounts for the vast majority of listening, although many purists still swear by the classic sound of vinyl.

Big business

Sport is online, with more and more competitions providing apps and services delivered over a connection, as opposed to satellite dish or TV signal, and we’ve even seen the emergence of an entirely new industry.

The world of esports, which sees expert computer game players compete against one another, is on track to hit a value of $1.5bn by 2023, while prize money up for grabs is regularly in the six figures, as competitors battle through tournament brackets in search of the crown.

The world of iGaming has also enjoyed a similar transition. And, though trips to Las Vegas and Atlantic City are still popular, the online casino industry is booming.

The sector has become that big that websites now help new players navigate the platforms available and hunt out their next casino bonus so they can enjoy the full range of games on offer.

In truth, there are countless other examples of entertainment sectors receiving a digital makeover that has helped deliver them to more people than ever before in an interactive and immersive way – while making big bucks.

Going digital

It’s the $370 billion collectibles industry that perhaps offers the most intriguing possibilities as we look to the future.

Cryptocurrency, spearheaded by Bitcoin, has been on our radar for several years, but the concept of ‘crypto-collectibles’ is less established.

For generations, keen fans have collected everything from baseball cards to bottle caps and many of the brands behind those lines are experimenting with the idea of adapting the format digitally.

ADVERTISEMENT

Major League Baseball has released a line of virtual baseball cards, while it’s also possible to collect virtual works of art, generated by artificial intelligence, and even virtual diamonds. Whether or not this concept takes hold like cryptocurrency has, remains to be seen, although Forbes recently estimated that the industry could be worth as much as $200 billion in the years ahead.

Digital collectibles appeal to consumers because they are impossible to steal or counterfeit and technology can be used to make each collectible generated completely unique to the person who created it. Almost anything can be adapted in this way and the items collected can appreciate in value like physical items, dictated by aspects like rarity and historical significance. They can also be swapped, gifted and sold like any ‘real world’ item.

It’s reasonable to expect physical collectibles, like trading cards and souvenirs, to remain desirable, but much like in music, there could be a whole new world of collectibles to be discovered digitally – all from the comfort of our phones, tablets and laptops.

Tags: Artartificial intelligenceBitcoinCollectiblesconsumerscryptocryptocurrencyFuture of CollectiblesIs the Future of Collectibles Digital?Las VegasmusictabletstechnologyThe Future of Collectibles
ADVERTISEMENT
Annette DuBois, California Business Journal

Annette DuBois, California Business Journal

Related Posts

Ethereum
Cryptocurrency Corner: So What Exactly Is Ethereum?
Is Investing In Crypto Worth It and How to Make Wise Choices for Trading?
Is Investing In Crypto Worth It and How to Make Wise Choices for Trading?
SpeedZone at Boomers
BoomTown
bitcoin depot atm crop
The New Bitcoin ATM King of Los Angeles
advertisement
ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN

Commercial Relationship Manager 3, Wells Fargo Bank, N.A., Los Angeles, California:

Represent the bank in developing and maintaining client relationships within middle market and mid-corporate banking.

Position requires a Bachelor’s degree in Business Administration, Finance, or related field and 3 years of experience. Requires up to 20% travel.

To apply, send resume to recruiter_inbox@wellsfargo.com and reference Requisition # 000329 in the subject line.

Facebook Twitter LinkedIn LinkedIn Instagram
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • Gavel, scales of justice and law books

    Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • The Truth About Temu: Where Is It From?

    0 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0
  • How to Start a Telecommunication Business: A Step-By-Step Guide

    0 shares
    Share 0 Tweet 0

Latest Articles

What Can Help Raise the Level of the Game in World of Warcraft if You are a Beginner

What Can Help Raise the Level of the Game in World of Warcraft if You are a Beginner

Benefits of Editing PDF Online

Benefits of Editing PDF Online

7 FAQs About Home Solar Energy Systems

7 FAQs About Home Solar Energy Systems

Benefits of Using Electric Bikes for Camping and Traveling

Benefits of Using Electric Bikes for Camping and Traveling

How to Sign Up for the Best Casino is Listed Below

How to Sign Up for the Best Casino is Listed Below

Does Personal Auto Insurance Cover Rentals?

Does Personal Auto Insurance Cover Rentals?

The Best M4A4 Restricted Skin

The Best M4A4 Restricted Skin

The Top Signs You Need HVAC Repair: Don't Ignore These Warning Signs

The Top Signs You Need HVAC Repair: Don’t Ignore These Warning Signs

The Benefits of Renewable Energy

The Benefits of Renewable Energy

Injured by a Drunk Driver? Seek Justice with the Help of a Skilled Attorney

Injured by a Drunk Driver? Seek Justice with the Help of a Skilled Attorney

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR