📰 Coinbase starts warming up its Pokémon TCG product: users can open booster packs on mobile. The cards they pull correspond to real physical collectibles. They can keep the custody and trade, or choose to redeem the physical items. Who would’ve thought the reason on-chain TCG got here first might not be that crypto created a new demand—but that it tapped into an already mature collectibles market.
🔥 Pokémon cards, One Piece cards, and sports cards already have ratings, rarity tiers, historical sale prices, and secondary-market trading. What the on-chain platform is doing is more like storing physical cards in a warehouse, then moving ownership onto the blockchain for transfer. The cards don’t need to move around frequently, but the owner can swap them out continuously—and if they want the physical items in hand, they can redeem them whenever.
💡 What truly boosts trading frequency is the combination of Gacha mechanics and instant buyback. Users spend 50U or 100U to pull cards. If they don’t like what they get, they sell it back to the platform, then reuse the returned funds to keep pulling. Once a card is pulled, bought back, and re-added to the prize pool, both capital and inventory can revolve repeatedly.
📊 According to Blockworks, in July 2026 the top five platforms’ Gacha Activity totaled about $284 million, of which roughly $249 million was returned to users via Buyback. The number sounds staggering, but it includes a lot of repeated trading—it doesn’t mean all the “new” money is fully retained by the platform.
👀 As of September 29, Collector Crypt’s trading volume over the past 30 days is about $128.26 million, with protocol revenue around $11.03 million; Courtyard’s trading volume over the same period is about $98.29 million. One is more focused on Gacha and card liquidity, while the other is expanding into sports cards, manga, coins, watches, and sneakers.
🤔 Honestly, this TCG model looks more like “blind-box purchases plus secondhand recycling.” Will it really turn into a genuine long-term digital collectibles platform? Would you be willing to pull a pack, or would you just go to the secondary market and buy the exact card you want?
#TCG #链上收藏品 #Gacha #Pokémon card