Gotta Catch ‘Em All? Tokenized Pokémon Cards Are Exploding Right Now

Tokenized Pokémon cards have recently seen renewed interest, partly because of the recent debut of a token for a Solana-based project called Collector Crypt.

Just like various other projects, Collector Crypt offers “packs” that contain NFTs that can be exchanged for physical trade cards that are assessed and stored by third parties. The project also has a marketplace for connecting buyers and sellers.

The project carried out a presale for its card smoking on Solana using the protocol metaplex, and market capitalization rose to a peak of $ 85 million on Wednesday from $ 23 million a day, according to Crypto Data Provider Coentecko. The market capitalization of the maps recently covered $ 74 million.

Although the price of token has risen by 210% in the past day to $ 0.19, a warning from Coentecko on behalf of behalf Rugcheck.xyz stated that the maker of the token can make unlimited changes to his stock, and among other things, can switch off the sale.

On one FAQ -PageCollector Crypt said that it will give details about how cards will be integrated into its products and services in the weeks after the debut of token. On X, the company said “100% of the net funds” goes to the purchase of actual Pokémon maps for its ecosystem.

Decrypt The Collector Crypt reached for clarification and comments, but did not immediately receive a response.

Collector crypt says that the most popular product is one Digital Gacha machine. The service is similar to Buitboxen in video games and offers a user any NFT that can be bound to a “legendary” Pokémon card, but is rather “unusual”.

The result is that Collector Crypt offers every Gacha customer a repayment offer with which they can exchange the NFT for 90% of the resale value of the card, as determined via eBay and other platforms. The project said At the end of August on X that the Gacha app generated $ 70 million in sales.

There are currently more than 18,000 Pokémon maps on the Collector Crypt website, but it is far from the only place where people can find digital representations of Pokémon maps.

An NFT is bound on Wednesday A Snorlax card from 2002 was one of the different ones mentioned for more than $ 1,000 on Marketplace Courtyard. And on phygitals, someone drew an NFT bound to one 1999 Raticate Card From the “Claw Machine” game of the market.

Binnenplaats debuted on the Ethereum Scaling Network Polygon in 2021, and more than 3 million trade cards were “beaten” as NFTs via his platform, according to a Dune Dashboard. In addition to Pokémon, Courtyard Tokenized assembled collection objects from various sports.

In August, Courtyard generated $ 78 million in secondary sales volume on Pokémon NFTS, the best month ever, according to a separate Dune Dashboard.

Tokenized Pokémon maps can be theoretically used as collateral in decentralized financing or Defi, but the practice is not commonplace.

Collector has crypt in the past plagued The possibility for users to borrow their NFTs. And on Wednesday there were a glimpse of other experiments.

First, it was football. Then it was football (for Americans). Now it seems that someone may work on a project that combines crypto -trade and Pokémon, in a similar way such as football. Fun and Varkenskin.Fun, according to a image Shared by Fygitals on X.

A screenshot of the PHYGITALS platform showed a “Pokécoin market”, where different Pokémon seemed to have their own corresponding cryptocurrencies – similar to how those sports games tokenized top players have. A spokesperson for Phygitals has confirmed Decrypt That the image represents the mockup of a concept ‘at the moment’.

Will Tokenized Pokémon cards are a short-term blip? One analyst thinks that the concept really has endurance and compares the tree of Tokenized trade card games (or TCGs) with the rise of prediction markets.

“Pokémon and other TCGs are about to have their ‘polymarket moment’,” “Danny Nelson, research analyst at Crypto Asset Manager Bitwise, said on x on Wednesday. “[CARDS’] Roaring Success is eyeballs on Collector Crypt and the entire tokenized Pokémon Cards Market. “