An Overview of 10 Pokémon Card Tokenization Platforms

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PANews
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16 hours ago

Source: Bankless

Translation: Golden Finance

Pokémon cards on the blockchain. At first glance, this idea may seem a bit strange. However, upon closer inspection, you will find that this intersection makes a lot of sense.

As Bitwise's Danny Nelson recently emphasized, Pokémon cards represent a multi-billion dollar market that has, at least until now, been off-chain, informal, inefficient, and so on.

In contrast, card tokenization platforms offer a variety of new advantages, such as 24/7 global liquidity, instant resale, DeFi composability, transparent provenance, vault services, and more.

These benefits are also starting to gain popularity. Last month, the trading volume of top card tokenization platforms exceeded $120 million, primarily through digital pack ripping, secondary trading, and Gacha games for Pokémon card trading.

Nevertheless, there are already several mature projects in this field, and the number of emerging projects is continuously increasing.

Courtyard

Courtyard has been operating on the Polygon platform for over two years and was the first to adopt a physical asset-based NFT (non-fungible token) solution, which is widely popular in the card tokenization space. Pokémon cards are the main selling point for Courtyard, especially through its card pack vending machine, but it also stands out for supporting sports cards and comic collectibles. Last month, Courtyard's trading volume approached $80 million, placing it in a leading position. As for KYC, there are no other requirements except for KYC when redeeming cards and sending them out, but your data will be deleted after 90 days, and Courtyard will never see this data.

Collector Crypt

However, the next biggest challenger, Collector Crypt, is catching up fast. This platform is built on Solana and achieved a trading volume of $44 million last month, solely through Pokémon cards and the Gacha Machine in its marketplace. In addition to this exclusivity, another difference from Courtyard is that it has a native token, CARDS, which has skyrocketed to a market cap of $85 million since its launch less than a week ago. It is important to note that the platform requires you to provide personal information to withdraw funds (such as name, address, last four digits of social security number, etc.), so proceed with caution and do not deposit anything you are not willing to sign.

Phygitals

Another new project making strides on Solana is Phygitals. You do not need to deposit anything here, as you can trade in the Marketplace simply by carrying your own wallet (e.g., Phantom). Like Courtyard, KYC information is only required when redeeming cards. The platform's trading volume in August was $2 million, a 245% month-over-month increase, indicating an upward trend. In addition to the card store, Phygitals also features a sleek claw machine where you can purchase random Pokémon packs, with prices ranging from $1 to $500. A new auction system is also in the works, allowing users to bid on premium cards.

Emporium

Another notable platform on Solana is Emporium. Like Phygitals, it uses Privy to create accounts, allowing you to log in with an email or Google account. Similarly, you do not need to deposit anything here, as you can connect your own wallet. Among the projects I have mentioned so far, I found Emporium's vending machine to offer the smoothest user experience for opening cards in terms of speed and convenience. It allows you to purchase random PSA 10 graded Pokémon cards for 60 USDC each, and if you do not like the card you draw, you can immediately sell it for 85% of its market value. As for redemption, you only need to provide your address and pay for shipping (up to 10 cards for $25).

Currently, the platforms mentioned above are the most well-known in the tokenized card space, but their applications are rapidly expanding. Other noteworthy new projects include:

RIP.FUN

RIP is built on Base and is currently in closed testing, so you need an invitation code to get started. It aims to be a hub for on-chain Pokémon cards, where you can open mystery packs, redeem cards, trade, track card sets, and more. It also offers an experience point system that can be used to unlock special collectibles and other rewards.

Grailed

Grailed is built on Solana and is another tokenized Pokémon card trading platform where you can buy second-hand cards or open packs digitally. Unlike the other projects mentioned, it prices its items in its own virtual currency, Gems, with 1000 Gems costing 0.05 SOL. The cheapest card pack I saw here was priced at 2862 Gems, currently around $30.

ToCa

ToCa is built on Solana and offers a prize game similar to PoolTogether. In other words, it is not a card trading market but a prize pool center, with each prize pool backed by PSA 10 graded Pokémon cards. To join, you simply need to purchase ToCa's native token, TCG, and every dollar you hold will count towards eligibility for all active prize pools.

Beezie

Beezie is built on Flow but also supports cross-chain payments via ETH, SOL, and others. Additionally, Flow is EVM compatible, so you can start using it with your existing Ethereum wallet. Beezie offers various features, including tokenization and vault services. However, its main attraction lies in its universal marketplace and claw machine, allowing you to instantly resell any card for 90% of its market value. The platform also supports comic and sports cards.

DYFI

DYLI is built on the Abstract platform and offers a range of Pokémon-related products (such as graded cards, ungraded cards, single card booster packs, sealed collectibles, etc.), as well as non-Pokémon-related products (such as precious metals, merchandise, Magic: The Gathering cards, etc.). The platform also provides some basic Dabble and Flip games, which are fun and easy ways to acquire random cards. Additionally, there is a creator studio where you can set up your own merchandise.

Drip

Drip is built on Ronin and supports various physical collectibles in addition to Pokémon cards. It is also known for providing live shopping features, where community sellers can host video experience events, such as "unboxing" or "shipping" events. If you have recently been active on Ronin and wish to expand beyond gaming, then Drip is an excellent option to consider right now.

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