A 1st Edition Base Set Charizard sold for $1,000,000 on @base this week. The set is literally called Base Set. Sometimes the timeline writes itself. The part that is not a joke: the previous high for a PSA 10 of this card was $954,800 in February, through traditional channels. Beezie cleared a million onchain. For years the assumption was that tokenized collectibles trade at a discount to the physical market, because custody adds risk. This one printed a premium. The buyer treated a vault and a token as no worse than a safe deposit box and a paper receipt. Now look at what holds that price up. A PSA 10 of this card runs from roughly $300K to $954K. A PSA 9, same cardboard, same ink, sits near $30K to $50K. The entire spread is one private company's opinion, printed on a label and sealed in plastic. We argue about oracle decentralization for a $10M lending market, then accept a single grader as final on a seven figure asset. I am not calling that wrong. PSA works because the market decided it works, which is what every oracle is underneath. But every RWA deck says trustless, and this one cleared a million dollars on the strength of a sticker.
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