- Polygon partnered with Courtyard to enable the trade of pokémon cards. Apparently, this will help solve the rigorous issue of buying and selling.
- A Twitter analyst listed the steps on how to trade these pokémon cards. The current record for the most sales is $5.2M by Logan Paul.
Pokémon cards are more like a culture for many people since many want to get their hands on one. But the Polygon blockchain is making it much better for crypto enthusiasts after partnering with Courtyard. Apparently, this partnership will simplify the process of getting one. Here are all the details.
Polygon Begins Introduce Real-Life Buying and Selling of Pokémon Cards
- Polygon announced on Twitter on the 16th of August, 2023. But it seems many people don’t understand what it is all about. Apparently, the crypto blockchain partnered with Courtyard to support the trading of real-life Pokémon cards on the blockchain. But the announcement didn’t get much traction.
- So a crypto analyst named @S4mmyEth took it upon himself to make a proper explanation of the new development. It is very promising. It looks like one can trade pokémon cards directly on the blockchain. But before we dive deep, let’s get into the details first.
What is New Development About?
- Pokémon cards are something that has been existing for the longest time. One can purchase them in physical shops or utilize trading platforms like eBay to get them. But while buying through eBay, there are huge risks of scams.
- Nevertheless, the collectibles market is something that has a massive growth value and range. With a current market value of $458B, there are predictions that it will get to $628B by 2031. However, many pokémon firms are now providing a digital equivalent. They mostly do this using regulated custodians to enable redemption.
- While this is a good development, there are concerns among the crypto community about centralization and censorship. However, this is still a start, and more development will come afterward. Moreover, a verification system is in place to ensure each digital pokémon card represents the physical equivalent.
How to Trade Pokémon Cards Using Polygon
- By partnering with Courtyard, Polygon now makes it possible for you to buy you your own digital Pokémon cards using crypto. How does this happen?
- You will need to visit the Courtyard website first. Then you create your account and check for available pokémon cards. Apparently, you can make payments for them using fiat or crypto.
- Once done, Courtyard sends the digital pokémon cards to your wallet. But there’s a catch here. When you are done buying these pokémon cards, you can also trade them on the NFT marketplaces like Opensea. Now what about turning your physical pokémon card into a digital one?
- @S4mmyEth says you’ll need to get the cards appraised by an approved authority. Once they get to the platform, they will create a digital equivalent and take custody of the asset through Brinks. A noteworthy mention here is that the world record for Pokemon card trades is $5.2M by Logan Paul.
Conclusion
Polygon recently announced their new partnership between them and Courtyard. This was to reduce the rigorous process of getting a digital Pokémon card. This partnership means users can easily go to Courtyard and make purchases of different cards using crypto or fiat.
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Featured image from Pixabay
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