COLLECT (Collect on Fanable) Project Report: An Innovative Platform Leading the $62 Billion Physical Collectibles Market

1. Key Points

Collect on Fanable targets the $62 billion global physical collectibles market, with over 20,000 SKUs launched, focusing on high-net-worth and emotionally bonded categories such as PSA/BGS graded Pokémon cards, vintage comics, limited edition figurines, etc.; partnered with Brinks to provide full insurance vault services. Physical assets are tokenized into BNB Chain NFTs upon storage, supporting 24×7 global trading. By October 2025, a $11.5 million Seed round will be completed, backed by investments from Polygon, Ripple, Borderless, Fanatics, and other prestigious investors; the platform integrates Stripe and crypto payments, covering iOS/Android/web, with GMV reaching $1.65 million and monthly transaction volume growing at 100%. The COLLECT token is used for fee discounts, order incentives, community rewards, and future governance. Only 8.3% of tokens are circulated three months after TGE, with a healthy lock-up schedule.

2. Project Overview

Collect on Fanable is an physical collectibles trading platform incubated by Ethernal Labs, launched in 2023. By Q4 2025, it will issue a dual-function governance and incentive token, COLLECT. The platform employs a “custody + NFT certificate” model to bring high-value physical collectibles onto the blockchain, enabling authenticity verification, fractional circulation, and 24/7 global trading.

Official Website:

3. Products and Technology

The asset side covers PSA/BGS graded Pokémon, Magic: The Gathering, NBA physical cards, vintage comics, limited edition figurines, all insured by Brinks’ professional vaults. Storage involves temperature and humidity monitoring, barcode/RFID dual signing, with NFTs generated on BNB Chain upon storage. Metadata includes grading number, storage photos, insurance policy number. NFTs can be burned to redeem physical items. The trading system supports order book and instant swap modes, accepting USDT, USD, and Stripe direct purchases. Sellers can choose immediate sale or auction. The platform charges a 5% transaction fee, which can be reduced to 3% for holders of at least 1,000 COLLECT tokens. Payment options include Stripe and crypto, lowering barriers for Web2 users.

4. Token Economics

Total supply of COLLECT is fixed at 1 billion tokens, with an initial circulation of 83 million (8.3%). Community rewards and airdrops account for 25%, linearly released over 6 months post-TGE; ecosystem incentives (order placement, staking) account for 20%, linearly over 48 months; the team holds 15%, with a 1-year cliff followed by 36 months linear release; investors hold 15%, with a 1-year cliff and 30 months linear release; foundation reserves are 10%, linearly over 48 months; liquidity and market-making account for 10%, fully released at TGE; advisors hold 5%, with a 1-year cliff and 24 months linear release. Token functions include up to 40% fee discounts; order placement mining rewards of 50,000 tokens daily for top 10% order depth users; DAO launch planned for Q2 2026, covering token listing, fee rate adjustments, vault expenditure; staking COLLECT can accelerate NFT airdrop points, with an annual yield of 8%–12%.

5. Competitive Landscape

Main competitors include Courtyard, Otis, and 4K Protocol. Courtyard collaborates with Polygon, supporting only card categories, with relatively limited features; Otis employs an index-based bundling approach, does not support physical redemption, leaning towards financialization; 4K Protocol targets general RWA collateral, still in early stages. Fanable’s advantage lies in focusing on high-net-worth, emotionally bonded collectibles, fostering higher user stickiness; it benefits from existing trading volume, with lower cold-start costs compared to pure DeFi protocols; backed by luxurious capital and IP resources, with Fanatics providing supply chain and distribution support. Disadvantages include additional compliance and cost pressures from physical custody; rapid category expansion could significantly increase authentication and insurance difficulties.

6. Team and Investors

Founder Nick Rose Ntertsas also serves as CEO of Ethernal Labs and Ethernity Chain. Since 2016, he has been involved in NFT projects, including authorized NFTs of Messi, O’Neal, and others, and was an early Bitcoin investor. Managing Director Sergio previously worked as eBay’s collectibles category director, with 15 years of supply chain management experience. CPO Alex Naaman left in August 2025; a new leader has taken over. Investors include Polygon, Ripple, Borderless Capital, Morningstar Ventures, Steel Perlot, and Fanatics (Michael Rubin).

7. Roadmap

Q1 2026: Support for physical comic book grading and start of COLLECT staking mining; Q2: Launch DAO governance, collaborate with Polygon Labs on L2 settlement to reduce gas fees by 90%; Q3: Open sports memorabilia categories (signed jerseys, Olympic badges) and enable EU VAT compliance; Q4: Support fractional NFTs (ERC-1155) and deploy vault nodes in Asia-Pacific (Japan, Hong Kong).

8. Risks and Compliance

Regulatory uncertainty: The US SEC has not provided clear guidance on the “NFT + custody” model, with potential classification as security tokens. Custody risk: Despite full insurance by Brinks, extreme events (war, fire) could lead to physical loss. Category dependence: Currently, about 70% of GMV comes from Pokémon; a decline in IP popularity could directly impact platform revenue. Unlocking pressure: Starting December 2026, team and investors will unlock tokens linearly, adding approximately 4.5 million tokens to circulation monthly, requiring attention to market absorption capacity.

9. Conclusion

Collect on Fanable uses a “custody + NFT” model to bring high-value physical collectibles onto the blockchain, solving authenticity, liquidity, and global trading issues. It boasts luxurious capital and IP resources, with rapid data growth. The COLLECT token is strongly tied to platform revenue and user activity, with low initial circulation and healthy unlock schedule. In the short term, regulatory and unlocking risks should be monitored; long-term, if category expansion proceeds smoothly, it could grow into a “physical Opensea + Chiliz” hybrid leader.

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