Rongchai Wang
15 January 2025 01:40
Polygon (MATIC) Labs and Courtyard.io are hosting an onchain auction for a 10-grade Pokemon Charizard PSA card, marking a significant advance in the tokenization of physical collectibles.
The highly anticipated onchain auction for the PSA 1999 10-graded holographic Pokémon Charizard card has begun, as announced by Polygon (MATIC) Labs and Courtyard.io. This event marks an important milestone in the world of collectors, integrating blockchain technology with the traditional collection of trading cards.
Charizard’s Grail
Renowned for its rarity and status, the Charizard card first set records with sales reaching $420,000. The card to be auctioned is one of only 125 Charizard PSA 10 cards, valued at approximately $250,000. The card will be secured in a Brink’s vault, ensuring its safety throughout the auction process.
Onchain Auction and Tokenization
The auction is hosted on Courtyard.io, a platform built on Polygon PoS. The process involves three crucial steps: secure storage, digital representation and blockchain minting. The card is securely stored, digitally modeled, and then tokenized as an NFT, which represents ownership on the Polygon PoS blockchain.
This tokenization unlocks various possibilities for collectors, including fractional ownership, increased liquidity and enhanced security. Collectors can engage in trade without the limitations of physical location, with the blockchain ensuring transparent and tamper-proof records.
Web Project Support3
Many Web3 projects support auctions. Quickswap provides community updates, while Teller allows collectors to use their classified Charizard cards as loan collateral. Memecoin launchpad wen.markets will facilitate Charizard themed memecoins, and Polymarket will host a prediction market for the final auction price.
The future of collectors
This auction not only celebrates a beloved collection, but also demonstrates Web3’s potential to transform the world of physical assets. As blockchain technology continues to evolve, the integration of the digital and physical realms offers exciting opportunities for collectors and investors.
The Charizard auction is live Courtyard.io. For more information, visit the The Polygon Labs blog.
Image source: Shutterstock
