COLLECT (Collect on Fanable) Research Report

I. Key Takeaways

Collect on Fanable targets the USD 62 billion global physical collectibles market, with more than 20,000 SKUs focused on high-value, emotionally driven categories such as PSA- and BGS-graded Pokémon cards, vintage comic books, and limited-edition figures. The platform partners with Brinks for fully insured vaulting, mints a BNB Chain NFT certificate for every physical item, and enables round-the-clock global trading.

In October 2025, the project closed a USD 11.5 million seed round led by Polygon, Ripple, Borderless Capital, and Fanatics. The platform supports Stripe and crypto payments across iOS, Android, and web, has generated USD 1.65 million in GMV with 100% monthly volume growth, and uses the COLLECT token for fee discounts, listing incentives, community rewards, and future governance. Only 8.3 percent of the total supply is circulating three months after TGE, with a relatively prudent unlock schedule.

II. Project Overview

Collect on Fanable is a physical collectibles marketplace incubated by Ethernal Labs. It launched in 2023 and issued the dual-purpose governance and incentive token COLLECT in the fourth quarter of 2025. By combining insured custody with NFT certificates, the platform brings high-value physical collectibles on-chain, ensuring authenticity, enabling liquidity, and supporting continuous global trading.

Website: https://collectfoundation.xyz

III. Product & Technology

The platform supports PSA- and BGS-graded Pokémon, Magic: The Gathering, and NBA cards, as well as vintage comics and limited-edition statues. Items are transported to Brinks-operated professional vaults, scanned, bar-coded, or RFID-tagged, and stored under full insurance coverage with temperature and humidity control.

Each item deposited into custody immediately mints a BNB Chain ERC-721 NFT, whose metadata includes the grading identifier, vault photograph, and insurance policy reference. Burning the NFT allows the physical asset to be redeemed.

Trading is supported via an order book and an instant-swap engine, with USDT, USD, and Stripe checkout. Sellers can choose fixed-price listings or auctions. The platform charges a 5% trading fee, reduced to 3% for users holding at least 1,000 COLLECT. Integrated Stripe and crypto payments lower the entry barrier for Web2-native users.

IV. Tokenomics

COLLECT has a fixed maximum supply of one billion tokens, with an initial circulating supply of eighty-three million, representing 8.3 percent.

Allocation breakdown:

• Community rewards and airdrops: twenty-five percent, linear vesting over six months after TGE
  
  

• Ecosystem incentives: twenty percent, linear vesting over forty-eight months
  
  

• Team: fifteen percent, one-year cliff followed by thirty-six months linear vesting
  
  

• Investors: fifteen percent, one-year cliff followed by thirty months linear vesting
  
  

• Foundation reserve: ten percent, linear vesting over forty-eight months
  
  

• Liquidity and market making: ten percent, unlocked at TGE
  
  

• Advisors: five percent, one-year cliff followed by twenty-four months linear vesting
  
  

Token utility includes trading fee discounts of up to 40%, listing mining with 50,000 COLLECT emitted daily to the top 10% of order-book depth providers, DAO governance scheduled for the second quarter of 2026, and staking that accelerates NFT airdrop points while yielding 8 to 12% APY.

V. Competitive Landscape

Key competitors include Courtyard, Otis, and 4K Protocol. Courtyard focuses exclusively on cards and partners with Polygon. Otis emphasizes index-style exposure and does not support physical redemption, leaning toward financialization. 4K Protocol targets broader real-world asset collateral and remains in an early bootstrapping phase.

Fanable’s advantages include its focus on emotionally driven, high-value collectibles that drive stronger user retention, built-in exchange traffic that lowers customer acquisition costs, and strategic backers such as Fanatics that can provide inventory and distribution. The main drawbacks are higher compliance and operational costs arising from physical custody, and the increasing complexity of authentication and insurance as categories expand.

VI. Team & Investors

Founder and CEO Nick Rose Ntertsas also leads Ethernal Labs and Ethernity Chain. He has been active in NFTs since 2016, previously launched licensed NFT collections for Messi and Shaquille O’Neal, and is an early Bitcoin investor. Managing Director Sergio previously led collectibles categories at eBay and brings fifteen years of supply chain experience. The former CPO, Alex Naaman, departed in August 2025 and has since been replaced.

Investors include Polygon, Ripple, Borderless Capital, Morningstar Ventures, Steel Perlot, and Fanatics, led by Michael Rubin.

VII. Roadmap

• Q1 2026: comic book grading and vaulting, launch of COLLECT staking and mining
  
  

• Q2 2026: DAO governance deployment and Layer Two settlement with Polygon Labs, targeting significant gas cost reductions
  
  

• Q3 2026: expansion into sports memorabilia and launch of an EU VAT-compliant channel
  
  

• Q4 2026: fractional NFTs using ERC-1155 and establishment of Asia-Pacific vault nodes in Japan and Hong Kong

VIII. Risk & Compliance

Regulatory uncertainty remains a key risk, as U.S. regulators have not provided clear guidance on NFT models tied to physical custody. Custody risk persists despite Brinks insurance coverage, particularly in extreme force majeure scenarios. Category concentration is notable, with approximately seventy percent of GMV derived from Pokémon, exposing the platform to IP-specific demand shocks. Token unlock pressure begins in December 2026, when team and investor vesting introduces roughly 4.5 million COLLECT per month into circulation.

IX. Conclusion

Collect on Fanable brings high-value physical collectibles on-chain through insured custody and NFT certification, addressing authenticity, liquidity, and global accessibility. The project benefits from strong strategic investors, credible infrastructure partners, and rapid early growth. The COLLECT token is directly tied to platform usage and revenue, launches with a low circulating supply, and follows a disciplined unlock schedule. Key near-term variables are regulatory clarity and unlock absorption, while successful category expansion could position the platform as a hybrid leader combining physical asset custody with crypto-native liquidity.