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Polygon, a blockchain firm, has joined forces with Courtyard to enable the trading of physical Pokémon cards using blockchain technology. This collaboration aims to simplify the buying and selling process of these highly sought-after collector’s items.
The digital collectibles market is rapidly growing, with a current valuation of $458 billion, projected to reach $628 billion by 2031. In the past, Pokémon cards were primarily obtained through traditional stores or online marketplaces like eBay. However, concerns about scams on these platforms have made buyers wary.
To tap into this expanding opportunity, many Pokémon enterprises have introduced digital versions of their cards. However, the centralized nature of these digital counterparts has raised concerns within the crypto community.
Polygon and Courtyard’s collaboration addresses these concerns by incorporating a verification mechanism to ensure that each digital Pokémon card corresponds to its physical original. This authentication process adds an extra layer of security and authenticity to the digital collectibles.
Courtyard.io, the platform used for trading and ownership, operates on the blockchain, providing collectors with unparalleled authenticity, security, and accessibility. It leverages its capabilities to transform physical treasures into connected collectible NFTs, opening up new possibilities for collectors.
One of the remarkable features of Courtyard.io is its ability to generate passive income for collectors. As the tokenized collectibles are sold and resold, collectors receive a 1% commission directly into their digital wallets, making ownership a lucrative venture.
Courtyard.io also offers an economical and transparent fee structure. Unlike major marketplaces that impose substantial fees, Courtyard.io refrains from charging submission, vaulting, withdrawal, and tokenization fees until 2024. This model, although centralizing certain aspects, ensures the necessary procedures like insurance, audits, and secure storage.
The collaboration between Polygon and Courtyard provides Pokémon card enthusiasts with a secure and straightforward way to trade their cards on the blockchain. This partnership eliminates the risks associated with traditional trading platforms and opens up new opportunities for collectors in the digital collectibles space.
Source:
– Vladimir Kazakov – Adobe Stock