Professional Sports Authenticator (PSA) has announced the acquisition of Genamint Inc., a software company that has created technology able to analyse trading cards in real-time to detect imperfections and assist human graders.
In a statement on their website, Nat Turner, executive chairman of Collectors Universe, PSA’s parent company said, “Acquiring and integrating Genamint will allow us to grade more trading cards faster while improving accuracy (…) This acquisition is one of the first steps toward furthering PSA’s capabilities as the foremost authority in grading trading cards.”
This acquisition of Genamint software will help with PSA’s unprecedented demand over the last year and help speed up turnaround times. The PSA press release also states that the company has made “hundreds of new hires” and that they plan to make “additional significant investments in technology and operational capacity”.
What does this mean for the future of grading? This Genamint Inc. acquisition from PSA will not only advance the grading process but hopefully set a new precedent for grade transparency moving forward by removing some instances of human error.
That being said, Nat Turner made sure to emphasise “We’re not eliminating humans from the grading process, We’re improving the process by adding technology.”
Genamint’s website provides a YouTube video which can be found below showcasing how their computational analysis can improve sports card grading and TCG’s like Pokemon moving forward for PSA.
The full statement can be found here.
What do you make of this news? Do you think Genamint will be implemented swiftly in order to assist PSA with their backlog that has led to the closure of their economy, regular, and express services until July?
John-Anthony Disotto – Ludkins Media Editor-in-Chief
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