VeeFriends Partners With Courtyard To Redefine Collecting

VeeFriends Partners With Courtyard To Redefine Collecting
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Today, VeeFriends announced a partnership with Courtyard (@Courtyard_NFT), a physically-backed NFT platform that is redefining collecting by allowing anyone to own and trade physical items on the blockchain.

The Deets

  • Courtyard stores physical collectibles (trading cards, sneakers, watches, etc.) in secured vaults, creates a 3D representation of the asset, and mints it as an NFT on the blockchain. Courtyard calls these connected collectibes.
  • is a @ycombinator startup, and the physically-backed NFT platform raised $7 million in November 2022 to fuel product development, hiring, and expansion within Courtyard's target market.
  • Collectors no longer have to choose between owning a digital or physical asset, as Courtyard’s platform offers both.
  • Once the physical collectible has been received and tokenized by Courtyard, users can:
    • Trade their NFT on any Ethereum-compatible marketplace.
    • Hold their valued collections as NFTs and connect with other collectors.
    • Burn their NFT on Courtyard’s website to redeem the underlying asset (Courtyard will ship redeemed collectibles to over 150 countries).

❗ Why It Matters

NFTs have been classified as "jpegs" and art, among other things. They're also a "scam", or "the future," depending on who you ask. The concept of NFTs means different things to different people, but the idea of them as digital collectibles is a fairly universal one. Now, VeeFriends is partnering with Courtyard because Gary Vee believes in a future that marries both physical and digital collectibles.

🎤 Founder Feedback

🧐 Wait, What?

How does Courtyard work?

  • Physical items get authenticated, insured, and vaulted with @Brinks, the global leader in security and transportation for valuables. 1:1 3D models of each asset are created and then minted for the owners.

Why tokenize?

  • Trading and storing valuable physical items can be a hassle (shipping, high fees, damage, theft, etc.). Connected collectibles help alleviate the frictions and risks, and collectibles get a new life on-chain.

How do I get started?

Can I tokenize my own collectibles?

  • You can vault graded cards, comics, or coins to turn them into connected collectibles and earn 1% of future on-chain sales for items you curate.

🎤 Community Quotes

I thought this was the hotel courtyard like holders get free stay or discounted at places while traveling. Never mindRussOviatt.eth

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.