- Polygon and Courtyard have inked a partnership.
- The partnership is a testament to the versatility of blockchain infrastructures.
Blockchain protocol Polygon has inked a strategic partnership deal with card trading giant Courtyard to restructure the trading of Pokémon cards.
The outstanding collaboration is targeted towards simplifying the sales and acquisition of these sought-after collector items in the growing collectible market. Markedly, the entire digital collectible ecosystem is experiencing an exponential shift that has brought its valuation to a remarkable $458 billion.
With this huge figure, there are still expectations that the value will climb to as high as $628 billion in the next eight years. Experts are confident that the ecosystem has the potential to continue to soar at a significant rate. Before now, Pokémon cards were sold and purchased via conventional and traditional platforms like online marketplace eBay amongst others. One of the problems with this kind of mechanism was the prevalence of fraudulent attacks including scams.
Customers and many prospective buyers became quite cautious about using these platforms. For a market that has such burgeoning capacity but was plagued by bad actors, several Pokémon enterprises decided to diversify their offerings by diving into the digital world. These enterprises launched digital renditions of their cards with the belief that this would help curb the activities of bad actors.
Courtyard And Polygon Alliance to Bring Additional Layer of Security
The newly introduced offering met with some form of skepticism amongst members of the crypto community who cited the centralized nature of the Pokémon cards alternative.
However, the latest alliance of Courtyard with Polygon will seek to address these concerns. Together, they are looking to implement a verification mechanism that will establish a direct link between every piece of Pokémon Card and its physical counterpart just like Non-Fungible Tokens (NFTs).
By doing this, an additional layer of security and legitimacy of ownership is established. To achieve this dual feat of providing trading and legitimacy, a platform known as Courtyard.io has been designed. This platform will be supported by a blockchain infrastructure from Polygon. In addition to the unparalleled authenticity and security that this system offers, it will also provide collectors unparalleled access. Notably, the conversion of physical pieces into interconnected NFTs will provide collectors with new avenues for income.
One of the inherent capabilities of Courtyard.io is its ability to provide collectors with passive income. Specifically, for every primary and secondary sale of these digital collectibles, collectors stand to get a 1% commission which will be deposited directly into their digital wallets. This ultimately transforms ownership into a lucrative endeavor.
Unlike other existing online marketplaces, Courtyard.io does not impose fees for submission, vaulting, withdrawal, and tokenization, at least not until 2024. It is worth noting that this does not take away the execution of critical procedures such as insurance coverage, audits, and secure storage. At the moment, the platform boasts an economical and transparent fee structure which is sure to attract many buyers.
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