COLLECT (Collect on Fanable) Project Report: An Innovative Platform Leading the $62 Billion Physical Collectibles Market
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COLLECT (Collect on Fanable) Project Report: An Innovative Platform Leading the $62 Billion Physical Collectibles Market
Collect on Fanable brings high-value physical collectibles onto the blockchain through a "custody + NFT" model, addressing three major pain points: authenticity, liquidity, and global trading. It boasts luxurious capital and IP resources, with rapid data growth.
Navigating Web3 tides with focused insightsI. Project Highlights
Collect on Fanable targets the $62 billion global physical collectibles market, with over 20,000 SKUs already live. It focuses on high-net-worth, emotionally resonant categories such as PSA/BGS-graded Pokémon cards, vintage comics, and limited-edition figurines. Partnering with Brinks, it provides fully insured vault storage throughout the process. Physical assets generate BNB Chain NFT certificates upon storage, enabling 24/7 global trading. In October 2025, it completed an $11.5 million Seed round, backed by a prestigious lineup including Polygon, Ripple, Borderless, and Fanatics. The platform integrates both Stripe and crypto payments, covering iOS, Android, and web. GMV has reached $1.65 million with a monthly transaction volume growth rate of 100%. The COLLECT token is used for transaction fee discounts, listing incentives, community rewards, and future governance. Three months post-TGE, the circulating supply is only 8.3%, indicating a healthy vesting schedule.
II. Project Overview
Collect on Fanable is a physical collectibles trading platform incubated by Ethernal Labs, launched in 2023. It issued its dual-function governance and incentive token, COLLECT, in Q4 2025. Through its "custody + NFT certificate" model, it brings high-value physical collectibles on-chain, enabling authenticity verification, fractionalized circulation, and global 24/7 trading.
Official Website: https://collectfoundation.xyz
III. Product & Technology
On the asset side, it covers PSA/BGS-graded Pokémon, Magic: The Gathering, NBA physical cards, vintage comics, and limited-edition figurines. Assets are fully insured in professional Brinks vaults with temperature/humidity monitoring and barcode/RFID dual-signature for storage. Upon storage, a BNB Chain NFT is generated, with metadata including grading numbers, storage photos, and insurance policy numbers. Destroying the NFT allows physical redemption. The trading side employs both an order book and instant swap modes, supporting purchases with USDT, USD, and Stripe. Sellers can choose immediate sale or auction. The platform charges a 5% transaction fee, reducible to 3% by holding at least 1,000 COLLECT tokens. The payment side integrates both Stripe and crypto, lowering the barrier for Web2 users.
IV. Tokenomics
COLLECT has a fixed total supply of 1 billion tokens, with an initial circulating supply of 83 million (8.3%). Allocation: 25% for community rewards and airdrops, linearly released over 6 months post-TGE; 20% for ecosystem incentives (listing, staking), linearly released over 48 months; 15% for the team, with a 1-year cliff then linear release over 36 months; 15% for investors, with a 1-year cliff then linear release over 30 months; 10% for foundation reserves, linearly released over 48 months; 10% for liquidity and market making, fully released at TGE; 5% for advisors, with a 1-year cliff then linear release over 24 months. Token utilities include: up to 40% transaction fee discount; listing-to-earn, with 50,000 tokens daily released as rewards to the top 10% users by listing depth; DAO launch in Q2 2026, with voting covering listing, fee rates, and vault expenditures; staking COLLECT accelerates NFT airdrop points with an 8%–12% APR.
V. Competitive Landscape
Collect on Fanable's main competitors are Courtyard, Otis, and 4K Protocol. Courtyard partners with Polygon but only supports card categories with relatively limited functionality. Otis uses an index fund model, does not offer physical redemption, and leans towards financialization. 4K Protocol targets general RWA collateralization and is still in a cold-start phase. Fanable's advantages include focusing on high-net-worth, emotionally resonant collectible categories, leading to higher user stickiness; leveraging existing exchange traffic, resulting in lower cold-start costs compared to pure DeFi protocols; and having prestigious capital and IP resources, with Fanatics providing supply chain and channel support. Disadvantages include additional compliance and cost pressures from physical custody. If category expansion is too rapid, the difficulty of authentication and insurance could increase exponentially.
VI. Team & Investors
Founder Nick Rose Ntertsas also serves as CEO of Ethernal Labs and Ethernity Chain. He has been involved in NFTs since 2016, having launched licensed NFTs for figures like Messi and O'Neal, and is also an early Bitcoin investor. Managing Director Sergio previously served as Director of Collectibles Categories at eBay, with 15 years of supply chain management experience. CPO Alex Naaman departed in August 2025, with a new lead already in place. Investors include Polygon, Ripple, Borderless Capital, Morningstar Ventures, Steel Perlot, and Fanatics (Michael Rubin).
VII. Roadmap
Q1 2026: Plans to support graded physical comic book storage and launch COLLECT staking mining. Q2: Launch DAO governance and collaborate with Polygon Labs to introduce L2 settlement, aiming to reduce Gas fees by 90%. Q3: Open sports memorabilia categories (signed jerseys, Olympic pins) and establish EU VAT compliance channels. Q4: Support fractionalized NFTs (ERC-1155) and deploy vault nodes in the Asia-Pacific region (Japan, Hong Kong).
VIII. Risks & Compliance
Regulatory Uncertainty: The U.S. SEC has no clear guidance on the "NFT + custody" model, posing a risk of being classified as a security token. Custody Risk: Despite full insurance by Brinks, extreme events (war, fire) could still lead to physical loss. Category Dependence: Currently, about 70% of GMV comes from Pokémon; a decline in IP popularity would directly impact platform revenue. Unlock Selling Pressure: Starting December 2026, team and investor tokens begin linear unlocking, adding approximately 4.5 million tokens to circulation monthly, requiring attention to market absorption capacity.
IX. Conclusion
Collect on Fanable brings high-value physical collectibles on-chain through its "custody + NFT" model, addressing three major pain points: authenticity, liquidity, and global trading. It boasts prestigious capital and IP resources, with rapid data growth. The COLLECT token is strongly tied to the platform's real revenue and user behavior, featuring a low initial circulation and a healthy vesting schedule. Short-term focus should be on regulatory stance and unlock selling pressure. In the medium to long term, if category expansion proceeds smoothly, it has the potential to become a composite leader akin to a "physical version of Opensea + Chiliz."
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