Disclaimer: This content is for educational purposes only. Products and services referred to here may not be available in your region.
Key Takeaways
Collect on Fanable is a platform that connects real-world collectibles (like Pokémon cards and comic books) with blockchain technology.
You can send your physical items to a secure vault, and the app gives you a digital version to trade instantly.
The COLLECT Token is the project's native cryptocurrency used for buying, selling, and governance.
What Is Fanable?
Collect on Fanable (often just called Fanable) is a marketplace that mixes the fun of collecting physical items with the speed of modern technology. It falls under the category of Real-World Assets (RWA), which refers to using the blockchain to track ownership of real, tangible things. Fanable was funded and supported by multiple companies, including Ripple, Polygon, Borderless Capital, and Morningstar Ventures.
How Does It Work?
The main idea behind Fanable is to make trading collectibles as fast as sending a text message, without the risk of mailing expensive items. Here is the step-by-step process:
1. Vaulting (Safe Storage)
Instead of keeping a rare card in your drawer, you ship it to Fanable. They use professional, insured vaults (managed by security firms like Brink’s) to store the item. They check the item to make sure it is authentic and grade it.
2. The Digital Twin
Once your item is safe in the vault, Fanable creates a "Digital Ownership Certificate" (DOC) on the blockchain. You can think of this like a digital deed or title. If you hold this digital certificate in your wallet, you legally own the physical item in the vault.
Source: fanable.io
3. Instant Trading
Now, if you want to sell that item, you don't need to go to the post office. You simply sell the digital certificate on the Fanable app. The ownership changes hands instantly. The physical item stays safe in the vault the whole time, so there is no risk of it getting damaged or lost in the mail.
If the new owner actually wants to hold the physical item, they can choose to "redeem" it. This burns (destroys) the digital certificate, and Fanable ships the real item to their house.
What Is the COLLECT Token?
The COLLECT token is the currency used inside the Fanable world. The token is used for:
Buying and selling: You use COLLECT tokens to list items for sale or to buy new ones.
Rewards: If you hold or stake your tokens, you can earn rewards (e.g., a share of the fees the Fanable platform makes).
Voting: COLLECT token holders get a say in how the platform is run. For example, they might vote on protocol updates or what kind of collectibles should be added next.
Collect on Fanable (COLLECT) on Binance
On February 11, 2025, Binance launched a trading competition for the COLLECT token, which is available for trade on Binance Alpha. Eligible users who trade COLLECT via Binance Alpha or via their Binance Wallet (Keyless) can get exclusive token rewards.
There is no trading volume cap for the promotion, but only cumulative COLLECT purchases count during the campaign. Selling is excluded.
Closing Thoughts
Collect on Fanable (COLLECT) is an RWA-focused crypto project built around bringing physical collectibles into a more liquid, digital trading environment. However, like all cryptocurrency projects, it comes with risks. The value of the token can change very fast. Always do your own research (DYOR) before taking risks.
Further Reading
What Are Real World Assets (RWA) in DeFi and Crypto?
What Is Binance Alpha?
What Are Liquidity Pools in DeFi?
What Is Ripple USD (RLUSD)?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
😡 25 years ago, Chancellor Gordon Brown sold the UK’s gold reserves. He offloaded 395 tonnes at an average price of around $275 per Troy ounce, generating around $3.5 billion.
It was a terrible financial move. That gold would now be worth almost $43 billion.
Unfortunately, Chancellor Rachel Reeves is now thinking of selling the UK’s reserves of seized bitcoins, which would net the country around $6.7 billion. I think we know how this story ends.
@Changpeng Zhao Sold His Apartment for 1,500 BTC in 2014
Back in 2014, Binance founder Changpeng Zhao sold his apartment for 1,500 BTC at around $600 per coin.
At the time, his mom called him a "stupid kid." Today, those 1,500 BTC are worth over $167 million. That apartment? It's now valued at just $1.5 million.
The Shift Is Coming Complete quests. Earn rewards. Missions open now — don't miss your moment to get ahead of the drop (TGE 👀) Complete new quests every day to collect XP – the top 100 rankers at the end of this campaign will be eligible for exciting rewards ($4500 USDC prize pool)! NFT minting increases the prize pool total and your chances at winning! https://tinyurl.com/38mxvw3n
This is what Our $SWITCH is currently worth, about $290, we posted this Airdrop last year and we encouraged everyone to participate but a lot of things happened
First, we had to pay for Proof of Humanity, we spent about $7 and most people, spent about $3
Then, it took forever before $SWITCH finally got listed, and even after it got listed, we still can’t claim 100% of our token and the reason why the team behind PocketFi is doing this is to prevent people from dumping their tokens
Your tokens will be released at a rate of 5% every 24 hours.
Claiming any tokens locks the remaining allocation for 3 months.
To receive the full 100% allocation without restrictions, you must wait until June 9th.
Anyways, congratulations to everyone who participated
LayerEdge is coming soon, probably next week, congratulations to everyone who participated when we dropped the guide
🤝 #SEI Securitize Co- Founder Joins Sei Development Foundation as Strategic Advisor – Announcement
Securitize is a leader in the tokenization of real assets with $3,300,000,000+ AUM, and is a partner of giants BlackRock , Apollo, KKR and others.
Jamie Finn will help Sei develop infrastructure for tokenized assets, strengthen institutional adoption of RWAs on the Sei blockchain, and scale the on-chain economy, promising to use his “25 years of experience in technology, finance, and digital assets.”
🇦🇷 #libra Argentina's President Dismisses Special Committee Investigating LIBRA Memcoin Crypto Scandal (Bloomberg)
This comes just days after the court demanded that the bank accounts of Javier Milea and his sister be disclosed.
▪️ History of the scandal (briefly):
- In February, the President of Argentina publicly promoted LIBRA, saying that the token would help small businesses. After that, the token price soared to $2b, and then collapsed by 90%. - The creators of LIBRA claimed that they paid Javier Miley's sister to influence the president. - The court froze the accounts of the founders of LIBRA and demanded an investigation into the banking operations of the Argentine president's family.
Previously: - creation of a special committee - US Department of Justice vs LIBRA - a fraudulent president - Javier Miley changed his shoes - the president is out of business - bribery
🔥 #SXT Partnership between Microsoft and Space and Time – announcement
Developers will be able to receive real-time verified data on #BTC , #ETH , #SUI and other blockchains directly in Microsoft Fabric (powered by Azure OneLake) thanks to the integration of Space and Time technologies.
Complete quests. Earn rewards. Missions open now — don't miss your moment to get ahead of the drop (TGE 👀) Complete new quests every day to collect XP – the top 100 rankers at the end of this campaign will be eligible for exciting rewards ($4500 USDC prize pool)! NFT minting increases the prize pool total and your chances at winning! https://tinyurl.com/38mxvw3n