AllDay Collector's Guide

I want to have a platform for digital collectors to talk about their favorite pieces in their collection. And maybe show the cardboard folks we’re just collecting in a different way. No fees, no ads—just a place for us to come together. More to come soon.

I never managed to show this @PatrickMahomes @NFLALLDAY moment 1/1 properly. This is Mahomes first and only 1/1 on AD. No other rarities (Ultimate) come close to this. S1. I formatted it into 5x7 aspect ratio, more like a card. I made an offer on August 19, 2025, and forgot about it, and recently pleasantly found out it was accepted. Nice to have Mahomes narrate the play, which was a big time clutch play that made comeback possible in the first game of 2021 season. Mahomes’ connection with Tyreek here pairs with my rookie Mahomes dual logoman shield with Tyreek as well. Will they reunite next season? If I could make a suggestion for a future release, as a card collector, maybe we could see card art applying to the action video. To clarify, at least to me, photo=poster, photo+card art = sports card, video=moment, video+card art = sports card with player’s action shot animated (aka action video), which should be 3-5 seconds long and could be very sick. Would be definitely an industry first ever. I like intro and outtro here but I think card art can be applied to the inner core video too. Just my 0.02 eth. My AD friends, how are you doing? What is your favorite moment or two, and why? Please feel free to chime in at the comment section. #BlockbyBlock #whodoyoucollect #sportsmoment [BC 151/1959]

@spinotron @PatrickMahomes @NFLALLDAY #3. Hail Maryland (Serial #1/75) A defining moment from Jayden Daniels rookie year, which was arguably one of the best rookie years from a QB of all time nflallday.com/moments/19686f…

@spinotron @PatrickMahomes @NFLALLDAY #2. The Reverse Leap (Jersey Serial #26/45) One of the most memorable plays of the last 10 years. nflallday.com/moments/4dc81f…

@spinotron @PatrickMahomes @NFLALLDAY What an awesome moment! Here are 3 moments that will stay in my collection for a while: 1. The Helmet Catch (Serial #1/10) One of the most monumental plays in Super Bowl History nflallday.com/listing/moment…

I think this is an excellent @NFLALLDAY purchase by Larro. Moments featuring @TomBrady like this one are scarce and should be sought after by long-term collectors.

What a buy by @spinotron. 🔥

Ball is in your court @NFLALLDAY @NBATopShot

In 10 years @KenGoldin is going to be auctioning this type of collectible for 10-20x this price. I believe now is the time to start adding these types of @NFLALLDAY @NBATopShot moments to your long-term hold portfolio.

👀

For anybody who knows me, I’ve always been into collecting. Got put onto nfl all day around the draft last year and it just made sense. 🔥 Some real dope Moments on there.

HELL OF A PERFORMANCE: #Titans rookie quarterback Cam Ward was extremely impressive this season playing against both Super Bowl teams the #Patriots and #Seahawks defenses. Ward made some wild plays and throws. The future is very bright in Tennessee.

@iAM_JoshJacobs let me know if you want to add this bad boy to your collection? Let’s make a deal. nflallday.com/moments/4dc81f…

🤔

These are the type of plays and moments that make Cam Ward special. It just happens he plays for the worst team in Titans history.

The digital space has come a long way since this tweet from January. I wonder what impact @KenGoldin will have in the long run? What do you all think?

@spinotron How much $$ do you think it is costing Panini to develop and maintain it?

Panini bi bridge is an industry first and revolutionary tech as I was told. It will keep fetching 5%. I guess we will see the mechanism when it goes live. I assume Blur.io is not available as they don’t enforce royalty. It will increase reach, natural native marketing by crypto Meta, also crypto native will view PaniniBC as one of their own and those grail cards can be naturally discoverable upon search, algorithm and network effect.

Long form thought on Panini Group exploring a sale, and Fanatics listed as a potential buyer. Read in full. Will cover fitness, #PaniniBlockchain, potential buyers. Fanatics side: - Back in 2021, it made sense: Fanatics could fast track licensed releases in NBA (Wemby) and NFL. Plus IP’s from Panini. - One reason the deal fell apart was a % apart in price. - Now Fanatics has NBA license and soon NFL. They have own lineups in TC, Dynasty etc. - The Panini ex-employees hired didn’t seem incorporated well. Panini side: - Panini has a bunch of brand IPs, licenses (FIFA etc), exclusives (Luka, SGA, Clark, Bueckers etc). - On the world cup stickers alone, it will fetch $2B+ next year. Prizm and Flawless WC on top (those 2 brands have many high 6 and low 7 sales lately, mostly private), another $200M+. They can do that again in 2030 WC. - On top, #PaniniBlockchain platform has performed extraordinarily: > Sep volume 2025 = $15.6M vs 2024 entire year = $13.5M. > Community, momentum and ROI. The bright spot in crypto uptober. > Cannot stress how easy to go from design blueprint to instantly sold-out release to seeing some payout from royalty of secondary sales, for perpetuity. > Need 20 repeated sales (stacking and herd effect make it easy) to earn the price of item back, or if the item 10x, only need 2 sales. > Manufacturer can sell BC items 2++ times effectively. A true hack via ethos in secondary royalty model in collectibles on blockchain and one that works. - Market in the hobby now is better than 2021 high. Data, sentiment, long term collectors, plus many new incoming. Analysis: All combined to point to a Panini valuation far exceeding $3B back then (which was not low enough to close) but with less reasons to close. However, PaniniBlockchain component might tilt the balance, if Topps values it & can incorporate it meaningfully into physical x BC hobby, onboarding crypto world which is 20x of physical hobby markercap. Prospective buyers: - Many entities are acquired for the infrastructure/tech, userbase, the sweet spot in a lane of great promise. - With how easy to raise fund now, for public company à la Strategy, Gamestop & Meta, or via tokenization via stablecoins under SC Act. - If Citi DD report on Panini is done well, many potential suitors: > Berkshire Hathaway (acquired Jazwares toys) > Renaissance Fund (was largest share holder of Collectors/PSA) > Pop Mart (Labubu craze but can tap into broader via Panini’s IP, design, distribution & collectorbase for past 17 years) > Gamestop (seen hobby up and close, generated $228M for cards in Q1, 63% YOY). > maybe even various giants that can diversify a bit of their portfolio like Nvidia or Meta. Future of #PaniniBlockcain: - No matter what happens, it’s super bullish, because the way it has grown in 2025, it demonstrates its use case and proof of concept for BC collectibles and it will be a key part of Panini Group valuation, and its value will be emphasized and the newer owner will also value it mightily, continue to let it cook and enjoy easy release channel and perpetual income stream from royalty, licenses and IP. - It has potential to become a universal blockchain marketplace like BC Amazon or a CEX for collectibles. - Once ethereum bi bridge is implemented, hobby and crypto will be forever connected, funneling many crypto whales into hobby, even physical hobby as a next growth. - Panini’s marketing was not optimal (probably no need as sold out quick, but to grow hobby and growing userbase especially on chain, it’s crucial, spino as an unpaid user-initiated curation/onboarding can only scale so much given an interval), & many parts could be streamlined. Could be like Lakers, where new ownership can elevate it. Final words: One of the key assets for Panini is design & product team as well as key exes, also 17 year of hobby dominance where insane marketcap created and many collectors grow up with it being their Skybox and Exquisite.

Also, opening an ETH bridge might expand collector reach, but it actually reduces Panini’s GMV and fee capture — once NFTs trade on OpenSea, etc. Panini loses visibility and their 5% marketplace cut. Additionally, you’ve mentioned the ETH bridge as a major growth driver — but for a company actively exploring a sale, that’s more of a liability than an asset. Bridges add cost, security risk, and revenue dilution — not the clean EBITDA story buyers want to see

If you do business valuation, you will know may business valuation builds on GMV. There are giant businesses that produce almost 0 profit ot negative, and those are billion level companies. Also one cannot ignore the growth, this September > 2024 entire year, while many single has 10x if not 50x. This growth and projection will play a big part in valuation. This is done without involvement of true crypto on ethereum and no official marketing besides several of us evangelizing to physical collectors and crypto degens/traders. So much more upside. Also the whole thing involves no printing, no acquiring cards from athletes, no packaging, shipping and distribution. Also Panini can sell to truer price instead of allocation price of physical boxes, which tends to be 10-30% of secondary. I will be extremely surprised if PaniniBC platform is not valued above $2B alone. But once bridge is opened and flood gate opens, true ownership, if what I envision plays out, that is 10-100x across board, then GMV and perception will be 10-100x fold. So will be valuation. So prospective buyers need to act quick before Panini realizes what they have at PaniniBC and see those ramped up data in their face.

I’m very familiar. But in the 2020s, investors and acquirers shifted focus from GMV to: Take rate: What % of GMV does the platform keep? Gross profit: After variable costs. Net revenue retention / repeat spend: Is it sustainable? So while GMV shows scale, it doesn’t show profitability or value capture. What else you got?