Collectible Pokémon Cards on the Blockchain
Courtyard, a collectible card vaulting platform, is giving away mystery card packs containing tokenized Pokémon cards exclusively through Decrypt’s GG. Each digital pack will contain an NFT tied to one graded Pokémon card, allowing for trading.
On November 21, card collectors can open their virtual packs and see which Pokémon card they “caught.” Digital cards can also be redeemed for their physical versions, stored via vaulting firm Brink’s.
The available Pokémon cards include vintage base set cards, modern cards, and promo cards, with rare finds like a 2020 Sword & Shield Shiny Star Charizard and a 1998 Starter Red Green Gift Set Holo Scyther.
Courtyard is working with crypto tech startup Privy and Ethereum NFT collection Chimpers to release the free collection across multiple drops.
Courtyard will give away 100 packs per day across four daily drops, totaling 400 packs from November 14 to November 17. Additionally, they plan to set aside 10 packs for collectors who write the best responses to Thanksgiving-themed questions.
Courtyard has seen nine similar card drops sell out across 1,700 cards, bringing about $200,000 worth of graded Pokémon on the blockchain as tokenized real-world assets.
Tokenization and NFTs for Pokémon Cards
The use of tokenization and NFTs establishes digital scarcity and a unique identifier for digital assets like Pokémon cards. This technology allows marketplaces like Courtyard to offer tokenized versions of actual Pokémon cards as certificates of authenticity that can be redeemed for the real thing.
Courtyard’s Funding and Future Plans
Last year, Courtyard raised $7 million in seed funding from New Enterprise Associates, Y Combinator, OpenSea Ventures, VaynerFund, Brink’s, and others. The company has been able to redefine physical collectibles ownership through NFTs and plans to continue its innovative approach in the future.
Hot Take: Virtualizing Physical Assets
Courtyard’s initiative to offer tokenized Pokémon cards through NFTs on the blockchain is an innovative way to bridge physical and digital collectibles. By using digital scarcity technology, they are able to create a unique market for these assets while preserving their value. This approach opens up new opportunities for collectors and investors alike in the world of cryptocurrency and blockchain-based assets.
By
By
By
By
By