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Topps Unveils New MLB Inception NFTs — Firm’s NFT Series Now Minted on the Avalanche Blockchain

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Topps Unveils New MLB Inception NFTs — Firm’s NFT Series Now Minted on the Avalanche Blockchain

The American firm that manufactures chewing gum, candy, and collectibles, The Topps Company Inc., has announced the launch of the 2021 Topps MLB Inception NFT collection. Furthermore, Topps is now leveraging the Avalanche blockchain for NFTs after the company was using the Wax blockchain for projects like the Garbage Pail Kids and Godzilla series.

Topps Launches MLB Inception NFT Series via the Avalanche Network

On Tuesday, Topps revealed the firm’s 2021 Topps MLB Inception NFT Collection, a non-fungible token collection of cards released in conjunction with Major League Baseball and MLB Players, Inc.

Topps web portal, called Toppsnfts.com, will host the new series of NFT baseball cards this September and the NFTs will be minted on the Avalanche (AVAX) blockchain. The avalanche token has seen massive gains in recent times, capturing 126.6% in two weeks and 223% during the last month.

The latest Topps’ MLB Inception NFT series is based on the physical card series the company has released in the past. Topps says the cards will feature “iconic Topps card designs, motion animations, facsimile signatures and digital relic content that showcases MLB rookies, emerging stars, veteran mainstays and more.”

Topps to End Relationship With MLB in 2025, Bazooka and Bundesliga NFTs

This isn’t Topps’ first time releasing MLB NFTs, as the company launched MLB cards on the Wax Blockchain, alongside numerous other brands like Godzilla, and Garbage Pail Kids (GPK) cards. Furthermore, the first MLB series Topps released with Wax was published in April and called the “2021 Series 1 Baseball Card Collection.”

The press release announcing the new Inception series indicates that the choice to use Avalanche is due to the blockchain’s claimed benefits like being “fast, low cost, and eco-friendly.”

“The site removes the need for special wallets or token apps and provides a single location to buy, sell and explore officially licensed Topps NFT collections,” Topps detailed. Evan Kaplan, managing director of MLB Players, Inc., said the Inception NFT release is a historical milestone. “This Topps NFT product comes at a time when so many talented young players are emerging in baseball and provides collectors with a new way to connect with them as their careers take shape,” Kaplan remarked. The MLB Players, Inc. director added:

This is an opportunity for fans to own a piece of collectible baseball history.

While Wax.io won’t be producing Topps MLB cards, the company still has well-known partners like Robotech, Atari, Funko, Capcom, Street Fighter, and Bratz. Moreover, MLB is ending its relationship with Topps after 74 years of working with the firm. MLB has disclosed that it will partner with sports apparel maker Fanatics in 2026 and the company will produce MLB trading cards going forward. Topps is also releasing Bazooka bubble gum-brand NFTs and non-fungible token collectibles for Bundesliga.

What do you think about the latest MLB NFT card series from Topps? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Topps, Bazooka, Bundesliga, MLB logos

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin Miners Seek Out Nuclear Power as ESG Pressure Mounts

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Bitcoin Miners Seek Out Nuclear Power as ESG Pressure Mounts

Amidst concerns of environmental sustainability, Bitcoin miners are symbiotically partnering with nuclear power plants.

One such partnership is a joint venture between Talen Energy Corp. and bitcoin-mining company TeraWulf Inc. The miner started development on a facility the size of four football fields next to a Pennsylvania nuclear plant operated by Talen. 

“We are building demand adjacent to the existing nuclear plant,” said Talen Energy President Alex Hernandez. He heads the subsidiary jointly developing the mining project at the Susquehanna Steam Electric Station. Additionally, nuclear generator Energy Harbor Corp. said it would start providing power to an Ohio Standard Power mining center in December.

Even new nuclear projects have been instigated, with Startup Oklo Inc. signing a 20-year supply deal with Compass Mining. Oklo plans to build a small-scale fission power plant that will run on used nuclear fuel. Oklo co-founder and CEO Jacob DeWitte said he has also received inquiries from other bitcoin miners interested in the company’s project.

Miami Mayor Francis Suarez has also been touting the city as a hotspot for crypto mining, due to its cheap nuclear energy from a nearby power plant. The Turkey Point Nuclear Plant, which helps power the city, is located less than an hour away from Miami City Hall. According to the Bureau of Labor Statistics, an average kilowatt per hour of electricity costs $0.10 in Miami, versus the national average of $0.13. Meanwhile, Suarez is in talks with Florida Power & Light Company to drive the price down further.

Mutual benefit

The partnerships are proving mutually beneficial, as each is able to complement the other’s needs. Nuclear power plants provide stable, sustainable power for energy-intensive miners, while they in turn are helping to sustain these plants.

Because mining bitcoin is an energy-intensive process, the spread of mining operations has fueled criticism of it exacerbating climate change. Earlier this year, Tesla CEO Elon Musk suspended payments in Bitcoin over the environmental impact of mining operations.

Meanwhile, nuclear plants provide a steady source of emissions-free power, but many struggle to sell their output in wholesale power markets. Between wind, solar power and natural-gas generation, which has bottomed-out since the fracking boom, competition has become stiff.

“Both industry’s challenges are the other industry’s positives,” said Sean Lawrie, partner at consulting firm ScottMadden Inc.

What do you think about this subject? Write to us and tell us!

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Second-largest Ethereum mining pool to suspend all operations

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Second-largest Ethereum mining pool to suspend all operations

Launched in China in 2018, SparkPool controls over 22% of Ether’s hash rate as of Monday, second only to Ethermine.

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Second-largest Ethereum mining pool to suspend all operations

Sparkpool, the second-largest Ethereum mining pool in the world, is suspending operations due to the ongoing Chinese crackdown on crypto.

The mining pool officially announced that it has suspended access to new users in mainland China on Monday in response to Chinese authorities initiating new measures to combat crypto adoption in the country.

Following the initial restrictions made last Friday, Sparkpool will continue shutting down services, and plans to suspend existing mining pool users both in China and abroad on Thursday.

According to the announcement, the measures intend to ensure safety of users’ assets in response to “regulatory policy requirements.” “Further details about the shutdown will be sent out through announcements, emails, and in-site messages,” Sparkpool noted.

Launched in China in early 2018, SparkPool has emerged as one of the world’s largest mining pools for mining Ether (ETH), alongside the world’s largest Ethereum mining pool Ethermine. At the time of writing, SparkPool’s mining power makes up 22% of Ethereum’s global hash rate, slightly lower than Ethermine’s share of 24%, according to Poolwatch.io.

The news comes amid the Chinese government reinforcing its negative stance on crypto by declaring all crypto-related transactions illegal in the country last Friday. Some of the biggest cryptocurrency exchanges like Binance and Huobi have subsequently suspended new account registrations from mainland China, albeit reportedly still servicing users in Hong Kong.

Related: Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

SparkPool did not immediately respond to Cointelegraph’s request for comment.

SparkPool’s shutdown comes as Ethereum continues its switch from a proof-of-work consensus mechanism to a proof-of-stake model in 2022 — part of the long-planned upgrade known as Ethereum 2.0. As previously reported by Cointelegraph, Ether miners will not have many choices after Ethereum 2.0 finally arrives, as their mining equipment is set to become obsolete.

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JPMorgan CEO says Bitcoin price could rise 10x but still won’t buy it

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JPMorgan CEO says Bitcoin price could rise 10x but still won’t buy it

Banking mogul Jamie Dimon has been a notorious detractor of Bitcoin since 2017, in contrast to his firm’s overt desire to capitalize from the ecosystem’s growth.

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 JPMorgan CEO says Bitcoin price could rise 10x but still won’t buy it

In an online interview with Times of India, Jamie Dimon, CEO of investment banking behemoth JPMorgan Chase, slandered Bitcoin’s popular appeal, despite stating that the leading digital asset could increase 10x in a matter of five years. 

A historically staunch critic of Bitcoin (BTC), Dimon called it a fraud back in 2017 and cited the reported capability for criminals to evade capture from authorities by operating their financial transactions in BTC rather than U.S. dollars.

When Times of India asked the CEO whether Bitcoin or other cryptocurrency assets should be banned or regulated, Dimon responded:

“I don’t really care about Bitcoin. I think people waste too much time and breath on it. But it is going to be regulated. […] And that will constrain it to some extent. But whether it eliminates it, I have no idea and I don’t personally care. I am not a buyer of Bitcoin. That does not mean it can’t go 10 times in price in the next five years.”

Despite this, JPMorgan has over the past year expressed a growing interest in the development and implementation of crypto and blockchain initiatives.

In January, the firm purchased a 10% stake in ultra-bullish business intelligence firm MicroStrategy, whose CEO, Michael Saylor, is one of Bitcoin’s most renowned investors and holders.

In July, the firm created multiple worldwide job postings for blockchain developers, engineers and marketers to work for its crypto-centric Onyx division — responsible for launching the bank’s stablecoin asset, JPM Coin, in Octo 2020.

According to a recent report, JPMorgan subsidiary Counterpoint Global is considering offering cryptocurrency investments to wealthy clientele. With assets under management topping $150 billion, this would represent a sizable stamp of approval for the rest of the banking industry. 

Related: JPMorgan will reportedly give retail wealth clients access to crypto funds

Dimon has received notable criticism for his dismissive views on digital assets, and no more so than from Wall Street veteran Max Keiser in an interview with Cointelegraph in late 2020. Keiser shared a biological analogy to express his discontent with the banking magnate:

“Bitcoin came into existence as a spontaneous life form that grew out of our global, collective consciousness as a defense mechanism to fight predatory central banks. Jamie Dimon is a parasite, like a tapeworm, and our species had no defense. So with God’s help, we collectively willed Bitcoin into existence to fight fiat money, fractional reserve banking and Keynesian debt-money propaganda.”

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