The trading card gaming sector is massive with over 100 million monthly active players. However, gaming giants with billions of dollars in their war chests dominate it. As a new entrant, Champions TCG is leveraging the BSV blockchain network’s low fees to compete.
Founder Miles Malec was at the Unbounded Capital Investor Summit in New York, where investors and innovators converged to discuss blockchain, gaming, digital assets, Web3, and more. In his presentation, he discussed the growth of Champions TCG—which was previously named CoOM Battles—and how using HandCash has given his company a competitive advantage.
“We just put a million cards on-chain; we sold about 250,000 cards. It’s been going great—they’ve been flying off the shelf and it’s looking good,” Malec told CoinGeek Backstage reporter Becky Liggero.
With a million cards on the BSV blockchain, Champions TCG holds the record as the largest NFT collection on any public blockchain.
All this is only possible on the BSV blockchain, Malec says. Champions TCG doesn’t have to print out the cards and mail them globally; “We’re able to put them on-chain for thousandths of a penny.”
“It allows a small team like ours with 4-5 people to compete with some of the giants in the space like Blizzard and Wizards of the Coast, which bring in up to $7 billion a year in revenue,” he said.
Champions TCG has been targeting retail gaming shops to onboard them onto their platform. The shop owners don’t have to put up any capital or hold any inventory, making the onboarding easier. The company’s profit-sharing model favors the clients and passes on the royalties. With BSV blockchain’s low fees, Champions TCG can also pass on the cost efficiency to these clients.
A key lesson Malec has learned along the way is to dissociate his company from ‘crypto’ jargon. Clients recoil once they hear terms like “Bitcoin, wallet, or mint,” he says.
“We try to just be the plumbing on the back and allow users to purchase with credit cards and we take care of all the blockchain stuff on the backend,” he revealed.
Watch: iGaming & Blockchain with Becky Liggero
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