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About Us

physical collectibles vs NFTs

Collect9 is utilizing green blockchain technology to tokenize ownership and possession rights of physical collectibles authenticated by non-fungible tokens (NFTs) - a paradigm shift for the collecting world!

childhood to cryptocurrency hodl bitcoin Humble beginnings

Childhood dreams meet modern passions

What do you get when an unfulfilled childhood dream collides with a modern passion? The eureka moment! That is, the realization that blockchain technology could enable that childhood dream to come true while simultaneously unlocking new possibilities that turn the industry on its head. If this sounds confusing yet intriguing, then great! But to understand what all this means, you'll just have to try really hard to read all of the words that follow.

The Collect9 dream seeded by... Beanie Babies?!

https://youtu.be/

1. History

Like many children that dream of riches, Beanie BabiesTM were my ticket to those riches in the 90s. But little did my young self know I was caught up in the world's first post-internet speculative asset bubble known as Beanie Mania. And as quickly as it came by Y2K my interest in Beanie Babies along with Beanie Mania faded out of existence: the bubble had popped. Still, it was fun and the memories of excitement and joy of collecting remain to this day. If I could go back and do it all again - I'd change nothing.


2. The nostalgia bug

For many the COVID lockdowns resulted in longing for nostalgia - the kind that reminds us of the old-normal. And so, one night in late 2020 by maybe not so random chance I searched eBay for a Royal Blue Peanut Beanie Baby. This specific Beanie BabyTM, referred to as the "Holy Grail" by the Beanie Baby community, is responsible for sparking Beanie Mania in the 90s. It became one of the most prized Beanie Babies to own during the height of Beanie Mania, and even still to do this day for collectors. My eBay search that night returned just a single result for an authenticated mint-condition Royal Blue Peanut, available for buy it now price of $1500. Longing for nostalgia, my adult-self YOLO purchased it and my inner-child jumped with joy.

Upon opening the package the Royal Blue Peanut arrived in I caught the nostalgia bug. My inner child was no longer dormant: it became time to bring the 90s back into my home. And so, I set my first ever vintage item collecting goal: to obtain a set of authenticated mint-condition "Original 9" Beanie Babies. Had I found these easily, Collect9 may have never been born.


3. Collecting observations

After three months of rigorously searching for the Original 9 Beanie Babies and finding only two (in mint-condition), it dawned on me that the Original 9 Beanie Babies are extremely difficult to find. And so, my collecting goal was expanded it to include any authenticated mint-condition 1st generation Beanie Baby of which the Original 9 are a small subset of. Nearly 1 year later I've managed to acquire 25 of 38 1st generation Beanie Babies in mind-condition, with each acquisition exponentially more difficult than the prior.


4. Problems

Frustrated by my failure to obtain the Original 9 but also more experienced - I now understand the problem inherent to this specific collectible market: the market for high-end vintage Beanie Babies is opaque. It's opaque because few seasoned collectors are active and even fewer high-end mint-condition pieces are circulating. Not only is it difficult to track down the pieces, but also to agree upon their current value as tools such as eBay or WorthPoint only provide sparse, limited, incomplete and dated views of prior sales.


5. The eureka! moment (hypothesis)

... and then I realized blockchain technology could solve my frustrations not only for the vintage Beanie Babies collectibles market, but for all collectibles markets suffering from a similar lack of transparency.


6. The prediction to a solution: the NFT

By tokenizing the ownership and possession rights of a physical collectible authenticated by a redeemable Non-Fungible Token (NFT), the very existence of that collectible and every exchange its NFT makes leaves behind digital footprints forever stored on the blockchain it resides on. Thus, blockchains have the potential to become the databases to not only search for and find existing collectibles, but also the databases that store their exchange histories. And so the currently opaque Beanie Babies collectibles market has an opportunity to become more transparent by moving its exchange activities onto a blockchain.


7. Additional benefits

Buyers and sellers of NFTs can quickly and securely exchange with anyone else in the world at any time. This is inherent of blockchain technology that removes all boundaries and intermediaries, with smart contract technology providing bullet-proof protection to both parties in exchange. So not only would the currently opaque Beanie Babies collectibles market become more transparent on a blockchain - it would also become more secure and safe for everyone involved!


8. The Collect9 Revolution

Collect9 begins with the tokenization of ownership and possession rights of rare vintage authenticated Beanie Babies, mint condition, that are already under possession of Collectix LLC. And should we be successful, then NFTs certifying ownership and possession rights to other physical collectibles will be introduced as Collect9 expands. But successful or not, the team at Collect9 is happy to be here making history being among the first to introduce and test a novel and better approach to collecting!

-- Founder of Collect9

The Collect9 Hypercube

The logo of Collect9 is a hypercube that represents four dimensions: the three spatial dimensions of the physical world we live in, plus one more dimension that represents the digital world surrounding us.

Collect9 acts as the interdimensional link between the physical and digital dimensions. Collect9 is the custodian for collectibles residing in the physical world on behalf of owners of NFTs certifying ownership residing in the digital world. Owners of NFTs may hold, exchange, or redeem the NFT for possession of the physical collectible when eligibility is met.

A new and better way to collect

New technologies are disrupting the world. Generation 1.0 blockchain technology took off with Bitcoin proving a well decentralized consensus mechanism is the most secure algorithm to exist, thus promoting Bitcoin to a true store-of-value. Generation 2.0 blockchain technology arrived with Ethereum introducing smart contracts facilitating the creation of secure and transparent new financial systems. And now generation 3.0 blockchain technology brings us eco-friendly scalable self-governed blockchains that developers all over the world are building and deploying commercial applications and services onto. Collect9 is part of the generation 3.0 push by utilizing the technology to digitize ownership and possession rights of physical collectibles to NFTs, igniting a revolution in the approach to collecting.

NFTs are easier to trade The NFT vs the physical collectible

Why should anyone want to hold an NFT that certifies ownership and possession rights of a physical collectible over holding the physical collectible directly? The answer to this question can summed up with just a single word: convenience. It is now more effortless yet more secure to collect and hold collections digitally, thanks to blockchain technology.


NFTs are less hassle Less hassle

The owner of an NFT that certifies ownership and possession rights to a physical collectible need not worry about acquisition of the physical collectible, secure storage and preservation, insurance, and eventual release of the physical collectible. All these inconveniences are left to the custodian - in this case Collect9. The only responsibility of the owner of the NFT is to keep their NFT secure.

The NFT is as secure as your crypto keys and you may be familiar with the saying, "not your keys, not your coins." With NFTs it's the same: "not your keys, not your NFTs."


NFTs are more portable Portable

Digital means portable: safely carry your NFTs anywhere with you on a device such as a Ledger hardware wallet.

NFTs are easier to find Easier search

It is easy to find NFTs on a blockchain as they are always searchable even when not for sale. Just hop onto any NFT marketplace and search for something - that's effectively what you'd be doing when searching for our NFTs certifying ownership and possession rights to physical collectibles.


NFTs are easier to exchange Easier trading and exchange

Forget the hassle of arranging for a trade in the physical world when owning the NFT. Exchanging ownership for other collectibles via NFTs can be arranged using super secure and safe smart contracts!

And because the NFT enables rapid and secure worldwide exchange of ownership and possession rights within the blockchain market without intermediares - the holder of the NFT gets a significant liquidity upgrade over the holder of the physical collectible.


Physical collections can be built with NFTs Pre-build a physical collection

Redeem only when ready. NFTs offer you the chance to pre-build and secure a collection digitally before redeeming it physically. If you have an all or nothing mentality or change your mind - no problem! Just place the NFTs for sale in an NFT marketplace while never worrying about dealing with the physical collectibles themselves!