How AI is being used to increase the accessibility of sports trading card collections

The sports trading card market market has traditionally been difficult for some to access. The physical nature of cards can make them hard to find, prices to acquire or grade cards can be high, and time to grow collections can take decades. However, advancements in AI are now being used to increase the accessibility of sports trading card collections.

In this post, we will explore how AI is being used to digitize and catalog card collections, make collecting more affordable, and ultimately make the market more inclusive and accessible for buyers and sellers.

How AI Will Be Used in the Sports Trading Card Market

• AI is being used to digitize and catalog card collections, making them more easily searchable and accessible. This can help collectors quickly and easily find the cards they are looking for, and can also make it easier for sellers to list and market their cards. You can start to build a virtual card database inside of the Flygrade application after each grade is completed.

• Increased accessibility through AI can help to expand the market and bring in new collectors, particularly from underrepresented groups and those with lower incomes. By making the market more inclusive and democratized, AI can help to ensure that everyone has the opportunity to participate in and enjoy #thehobby.

• AI can also help to preserve and protect card collections for future generations. By digitizing and cataloging cards, AI can help to ensure that collections are not lost or damaged over time, and can also make it easier for future collectors to access and appreciate these collections. Some companies, such as Derek Jeter's Arena Club, house the physical copy of a collectors card for them and list them on a digital exchange and online showroom. Cards can be bought and sold, while being vaulted for safe keeping by Arena club and cutting down on touchpoints, shipping times, and costs.

Potential challenges and concerns

• There is a fear that AI has the potential to disrupt the traditional market and put human sellers out of business. This is a natural reaction when status-quo is disrupted. However, AI has a long way to go in ever achieving this feat.

• There is also a risk of AI-generated counterfeit cards entering the market, which could damage the integrity of the hobby and harm collectors who unknowingly purchase these fake cards. This can drastically hurt collections as counterfeit cards could be sold for relatively cheap if the seller wants to move the item quickly. See our previous article on combating counterfeiting for thoughts on how to prevent this from happening

 In conclusion, AI is being used in the sports trading card market to increase accessibility for buyers and sellers. Digitization and cataloging, virtual showrooms, card grading, and democratization of the market are some of the ways AI is helping in the market. However, it is also important to be aware of the potential challenges and concerns and to regulate AI usage in the market to ensure that it is used ethically and for the benefit of everyone involved.

Click below to visit our website and download the app!