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Magic Eden's Tokenized Collections Program Debuts with 100 Physically-Backed Pokémon Cards

source-logo  blockster.com 18 October 2023 16:32, UTC

Last week, the renowned cross-chain NFT platform, Magic Eden, introduced its groundbreaking Tokenized Collections Program in collaboration with Collector Crypt, a pioneer in bringing physical collectibles to the Web3 space. The program's inaugural drop, featuring 100 graded Pokémon cards, is set to launch today, Wednesday, October 18, exclusively on the Magic Eden Launchpad.

During the first 48 hours, these NFTs will remain concealed, allowing collectors to engage in trading activities, acquire additional cards, and enable potential buyers to participate in the secondary market. After this initial period, the NFTs will be locked, and the tokenized cards will be distributed to their respective holders.

Importantly, these NFTs are backed 100% by their physical counterparts and can be redeemed. Notable collectibles in this drop include:

2000 Pokémon Gym Challenge 1st Edition Holo Blaine's Charizard #2
2006 Pokémon Ex Crystal Guardians Holo Charizard #4
2007 Pokémon Ex Power Keepers | Gold Star #100 Flareon-Holo
2018 Pokémon Japanese SM Promo | Munch: A Retrospective #209 Rowlet

Chris Akhavan, Chief Gaming Officer at Magic Eden, shared his perspective, stating, "The upcoming Pokémon card mints are the first tokenized real-world assets we've minted on our Launchpad."
"We believe Web3 infrastructure can significantly enhance the trading of various real-world assets with traditionally fragmented liquidity. We're excited to expand beyond Pokémon mints and explore additional asset types in the coming weeks."

Chris Akhavan, Chief Gaming Officer at Magic Eden
Magic Eden has exciting plans for the future, with more drops scheduled throughout the year, providing collectors with consistent opportunities to acquire and trade tokenized assets.

For those eager to participate in the drop, visit this link: Magic Eden Tokenized Collectibles Drop