By Brian Cooper |
Updated on December 19, 2023Ludex, a trading card scanner and price guide app, has raised $8 million in seed funding to bring a great new app to the market. Not only does the app work with sports cards, it will also work for Magic: The Gathering sets as well as Pokémon cards!
We were bound to see artificial intelligence (AI) positively affecting the Trading Card Game market. And now, Ludex appears to be on the forefront of new technology poised to change how collectors and players track their Magic and Pokémon collections and values.
The funding round for this new Ludex trading card scanner app was led by investors such as NFL athletes Brian Urlacher and Cassius Marsh. The app allows users to scan their trading cards and receive accurate pricing information as well. Ludex aims to make the trading card market more accessible and transparent for collectors.
How Does the Ludex Trading Card Scanner App Determine The Value of Your Magic The Gathering and Pokemon Cards?
The Ludex app will be able to not only scan your MTG and Pokemon cards, it will also provide values for each card. For Magic: The Gathering cards, the value provided on the app comes directly from data provided by the very popular website, Card Kingdom. And for Pokémon cards, the values taken from the extensive inventories and sales data provided by Troll And Toad.
With the recent surge in popularity of sports trading cards, Ludex has positioned itself as a valuable tool for collectors looking to accurately price their cards. The app boasts a database of over 10 million cards, and its scanning technology can recognize and identify cards from all major sports leagues as well as MTG and Pokémon.
Ludex CEO, Ryan Koven, expressed his excitement for the funding round, stating that it will allow the company to expand its offerings and improve the user experience. “We’re thrilled to have the support of such prominent investors in the sports industry,” Koven said. “Their investment and expertise will help us continue to innovate and provide collectors with the best possible experience.”
The seed funding will also be used to hire additional staff and expand Ludex’s partnerships with sports leagues and retailers. The company plans to launch new features in the coming months, including a social platform for collectors to connect and trade cards.
Magic Card Scanner? Pokémon Card Scanner? What’s Next??
In addition, there are plans to expand their ability to scan and value other Trading Card Game cards. The company plans to release the ability to scan Yu-Gi-Oh! cards in the very near future.
Overall, Ludex’s seed funding represents a significant milestone for the company and the trading card industry as a whole. With its innovative technology and commitment to transparency, Ludex is poised to become a major player in the world of sports card and trading card game (TCG) collecting.
