Courtyard, a physically-backed NFT platform for collectibles, hs teamed with Brink’s, the legacy security institution famous for armored trucks, to store the physical counterparts of collectible NFTs in secure vaults across the US until users burn the NFT for the actual good – in this case, Pokemon cards.
Under the partnership, Brink’s will store 1,000 Pokémon cards on behalf of Courtyard, which will be turned into NFTs. They will also store the physical collectibles for future Courtyard drops.
“This partnership between a crypto native startup and a well established security institution opens up a new ecosystem for physically-backed NFTs, which will alleviate the common frictions of trading collectibles in the physical world,” says co-founder and CEO of Courtyard, Nicolas LeJeune.
The arrangement helps Courtyard bring an unmatched degree of reliability to the emerging physically-backed NFT space. The physical counterpart of any Courtyard NFT will be continuously accounted for and protected through Brink’s intelligent safe services, which ensures proper conditions for the goods. Brink’s will also leverage their international transportation footprint when a Courtyard NFT holder opts to redeem their NFT to receive the physical item in exchange. Both companies look forward to implementing the first truly secure and scalable physically-backed NFT ecosystem.
“We’re excited to partner with Courtyard and lend our international secure storage and transportation solutions as well as our experience to help transform what collectibles mean to investors and how they interact with them. Brink’s has always valued being a technology-driven company and we look forward to taking this step into Web3 with Courtyard,” adds Oliver Buckle-Wright, Senior Commercial Director, Brink’s Global Services Limited.