What are
Connected Collectibles?

What is a Connected Collectible?

Put plainly, connected collectibles are authenticated physical items like graded sports cards and coins that are traded on the blockchain and can be redeemed for the real-world asset.

Are connected collectibles NFTs?

Connected collectibles on OpenSea

Yes! Connected collectibles are a type of non-fungible token (NFT). NFTs are often used to represent ownership of digital items such as art, PFP projects, and virtual land. Connected collectibles are a specific type of NFT that represent physical assets in digital form, like collectible cards, comics or coins. View connected collectibles on OpenSea

What are some examples of connected collectibles?

Connected collectible of Sneaks

Some of the most exciting projects creating connected collectibles include:Trading cards
These are digital versions of physical trading cards that can be collected and traded online. The digital cards are authenticated on the blockchain, and can be traded or sold like traditional physical cards.
Rare coins
These are physical figurines that have been authenticated on the blockchain, making them unique and verifiable. They may be limited in number, and can be collected and traded by fans and enthusiasts.
Some examples of connected collectible projects include:Adidas
In all of these examples, the connected collectible can be traded in to redeem the physical asset.

What’s the difference between connected collectibles, phygitals, and physically backed NFTs?

Absolutely nothing (besides the name of course)! Web3 is rapidly evolving and so is the terminology we use.Instagram and Reddit rebranded NFTs as Digital Collectibles in order to make them more accessible and appealing to a wider audience. By using more familiar and user-friendly language, these platforms were able to introduce their users to the concept of NFTs and encourage them to engage with the technology. It is possible that rebranding NFTs as Connected Collectibles could have a similar effect, by making the technology more approachable and understandable to those who are not familiar with it. This could potentially increase interest and adoption of NFTs and connected collectibles.Ultimately, it’s a new technology and the community is still trying to figure out the best name for it.

What utility do connected collectibles have?

Wen utility? The connected collectible is the utility. Connected collectibles can provide several potential benefits and uses, including:Authentication and verification
By using the blockchain to authenticate and verify collectibles, it is possible to create unique and verifiable items that can be easily tracked and authenticated. This can help to prevent fraud and counterfeiting, and can make collectibles more valuable and sought-after.
Liquidity and trading
By making collectibles easy to buy and sell on the blockchain, it is possible to increase their liquidity and make them more easily tradeable. This can create new opportunities for collectors and investors, and can help to drive economic growth and innovation.
Royalties and passive income
Some connected collectible companies reward their users for curating collectibles to bring on chain. For example, Courtyard automatically rewards collectors with a 1% payout each time their connected collectible is traded.
Immersion and engagement
By using technology to enhance collectibles with features such as AR and VR, it is possible to create more immersive and engaging experiences for users. This can make collectibles more fun and interesting to collect and interact with, and can create new ways for fans and enthusiasts to connect with each other.
Functionality and utility
By adding smart contract functionality to collectibles on the blockchain, it is possible to create new and innovative ways for them to be used and interacted with. For example, smart contracts could be used to automatically transfer ownership of a collectible when certain conditions are met, or to allow collectibles to be used as part of a wider ecosystem of digital assets. This can add new value and functionality to collectibles on the blockchain.

Can any physical item be a connected collectible?

Technically yes! Connected collectibles are best suited for items that are valuable to collectors. But if you really want to buy a random rock someone found on the side of the road, who are we to stop you? Beauty is in the eye of the beholder… after all these plain old jpeg NFTs are going for hundreds of thousands of dollars.

How can I create my own connected collectible?

Some companies like Courtyard.io are creating tools for projects to easily create connected collectibles, while others allow collectors to directly create and connect their own collectibles.For example, collectors can connect their collectibles and submit their graded trading cards, coins and comics as tradable connected collectibles that earn 1% on every future sale. Join the waitlist.

What is the future of connected collectibles?

It's difficult to predict exactly what the future holds for connected collectibles, especially as the crypto space changes so rapidly.
However, there are a few potential directions that the field could take in the coming years:
Increased adoption
As more people become familiar with the concept of connected collectibles and the technology behind them, it is likely that we will see more and more items being authenticated and tracked on the blockchain.
New business models
As the market for connected collectibles grows, it is likely that we will see new and innovative business models emerging. For example, companies may offer subscription-based services that allow users to access a curated selection of connected collectibles, or they may create new ways for users to buy, sell, and trade collectibles online.
Integration with other technologies
It is also possible that we will see connected collectibles being integrated with other technologies, such as augmented reality (AR) and virtual reality (VR). This could allow users to interact with their collectibles in new and immersive ways, and could create even more engaging and interactive experiences.
We’re early, but it is very likely that we will see more and more of these connected collectibles created and traded in the coming years.Launch your own connected collectible at Courtyard.io