Continuation of yesterday's post

Yesterday, I tried listing my own trophies on Mercari as a test, and when I asked how I actually felt... I was depressed.

I thought it would be misleading if it was just a photo, so I translated my intention into Chinese and posted it separately, but I guess most people don't read that kind of thing, and if it's just a photo, it's the past I felt like I could only be seen by people who were proud of past glory, and I felt like shit.

However, there are about 10 cases where Olympic gold medalists have sold their medals, and the average selling price is 5 million to 10 million yen. The highest amount was about 100 million yen for a boxing gold medalist at the Atlanta Olympics, and the athlete is said to have donated the entire amount to his country's education fund.

The other players' motives for selling are also "to donate to medical institutions" and "for my daughter's future". That kind of money circulation is good. Not only for sellers but also for buyers.

So, I noticed that yesterday's my trophy exhibition and their Olympic medalist's medal sales are different in added value besides name recognition. It's the material.

An Olympic gold medal is made by coating about 370g of pure silver with about 6g of pure gold, which is worth about 85,000 yen at today's market price.

Even in the case of NFTs, this digital data is mainly made from the cryptocurrency called Ethereum, and it seems that about 20,000 to 30,000 yen worth of Ethereum is required to make one NFT at today's market price.

The total amount of gold, silver, and cryptocurrencies that exist on earth is limited, and the materials themselves have scarcity value. That is the difference from ultramarathon prizes.

Also, when I asked chatGPT, it is possible to return the NFT once created to the original cryptocurrency and convert it to Japanese yen as the value of Ethereum itself.

So, analogically speaking, ＂the business that creates NFTs of competition records＂is like ＂a service that allows you to make custom-made medals with competition records engraved on pure gold. ＂

For example, a grandfather who completed the 100km marathon at Lake Saroma for the first time after his 60th birthday was so happy that he ordered a medal made of pure gold to commemorate the occasion.

And 30 years later...

Granddaughter: "When I was sorting out my grandfather's belongings, I found this item. Would it be possible for you to buy it for me?"

Pawn shop: "Ah, this has no added value as a commemorative medal, but the price of gold is now double what it was back then, so I'll buy it at the price of pure gold."

Granddaughter: "Really! Yay!"

Mysterious man: "Wait, miss. Don't be fooled by this old man. Your grandfather became a legendary elderly runner in his later years, so I would rather put it up for auction than sell it to this man. may sell at a high price."

Granddaughter: "Okay. I'll try."

Pawnbroker: "I'm going to sue you for obstruction of business! Fuck you!"

result…

The pure gold commemorative medal was sold for 500 times its original price, and with that money she lived a happy life enjoying space travel with a man. Happily ever after.

Something like that might happen if you make an NFT instead of a pure gold medal.

perhaps

By the way, in yesterday's Chinese post, I received a comment from a Taiwanese company that supports triathletes' competitions, saying, "Our company is preparing to issue NFTs to athletes."

For the time being, I'm happy that I was able to connect with someone who is actually promoting the use of NFT in sports, which is still difficult for the general public to understand.

Recently, I felt that such an idea would be easier to realize in an IT-advanced country like Taiwan.