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Web3 Startup TENAMINT Becomes The First In History To Fractionalize A Trading Card Case Break

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Web3 Startup TENAMINT Becomes The First In History To Fractionalize A Trading Card Case Break

August 16
03:06 2022
Web3 Startup TENAMINT Becomes The First In History To Fractionalize A Trading Card Case Break
TENAMINT is a token-based community that’s making it possible for all fans to own a piece of an authenticated, vaulted, high value and hard-to-find minted trading cards. The marketplace allows people to buy into their favorite athletes’ sports cards through an easy-to-use platform. Users can easily buy, sell, or hold fractions of these cards on TENAMINT.

Atlantic City, New Jersey – August 15, 2022 – Blockchain startup TENAMINT has become the first company in history to launch the digital fractionalization of an unopened box of collectable trading cards at the National Sports Collectors Convention (NSCC). The NSCC is the largest gathering of card collectors on the planet and hosts the collectable industry referred to as “The Hobby”. 

The sealed case break box contains four boxes of 2021-22 Panini National Treasures basketball cards and customers can buy a spot in the case break for only $168 USD where the boxes combined cost over $18,000 USD. With four boxes, and 30 spots per box, everyone is a winner as all entrants get a fraction of the boxes’ biggest cards. 

“TENAMINT is changing the game. We are an online platform that makes it easy to list and trade fractions of sought-after trading cards. For the first time in history, we are fractionalizing a case break,” said TENAMINT Co-Founder and CEO, Nadir Chaudhry. 

Card breaks, or “breaks,” are when “breakers” buy an entire box of cards, then charge individual collectors for the opportunity to buy-in and keep a selection of cards from the box. The current problem is only one person can own each card, whereas fractionalizing the break allows everyone participating to receive a fraction in the cards, including the top card. 

Co-Founder and COO, Sal Chaudhry, shares the importance of this milestone. “The Hobby is experiencing explosive growth and ready for innovation. TENAMINT is here to make owning a high-value card accessible and blockchain technology makes this possible via fractional ownership.” 

The 42nd NSCC event held in Atlantic City from July 27-31 is the biggest annual gathering of sports card enthusiasts with over 350 dealers, over 100,000 attendees, in 460,000 square feet of convention space. The annual event is the largest of the year for the world’s biggest collectors and exhibitors alike. 

TENAMINT is a marketplace where you can buy and sell fractions of real trading cards as digital collectibles. Every trading card listed on TENAMINT is stored in an industry-recognized vault, collectors can list their own cards or join the marketplace to buy or sell card tokens, and TENAMINT allows collectors to build a diverse collection of the most coveted cards. Card listers and buyers earn rewards for every transaction that occurs on their card(s). 

Collectors can still purchase a place in The National Treasures case break and buy a space in history. 

For complete information, visit: www.TENAMINT.com

Media Contact
Company Name: TENAMINT
Contact Person: Jordan Jocius/Senior Product Marketing Manager
Email: Send Email
Phone: 1-519-830-9324
City: Atlantic City
State: New Jersey
Country: United States
Website: www.TENAMINT.com