Courtyard, Physically-backed NFT Platform, Partners with Brink's To Safeguard Assets

Rhea-AI Summary

Courtyard has partnered with Brink's to create a secure platform for physically-backed NFTs. Brink's will provide storage for assets linked to NFTs, starting with 1,000 graded Pokémon cards. This partnership aims to enhance reliability in trading collectibles, addressing common issues in physical asset trading. The genesis NFT drop is scheduled for March, with plans to include various collectible items. Courtyard aims to transform the $370B collectible market, providing liquidity and solving trade friction through blockchain technology.

Positive

• Partnership with Brink's enhances security for physically-backed NFTs.
• First NFT drop includes 1,000 graded Pokémon cards.
• Addresses trading frictions in the collectibles market.
• Potential to transform the $370B collectible market by providing liquidity.

Negative

• None.

SAN FRANCISCO, Feb. 23, 2022 /PRNewswire/ -- Courtyard, a new physically-back NFT platform, has formed a partnership with Brink's Inc., the global leader in secure logistics and asset protection. Through the partnership, Brink's will provide secure storage for all physical goods connected to Courtyard's physically-backed NFTs. Courtyard's first NFT drop will consist of 1,000 graded Pokémon cards, which will be stored in Brink's facilities and can be shipped to users if they redeem the corresponding NFT at any time.

"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.

Courtyard will hold their genesis drop during the first week of March and will expand to include other collectible goods stored at Brink's facilities, such as watches and other luxury collectibles.

About Courtyard:
Courtyard is creating a new way of storing and trading physical collectibles. They believe that physically-backed NFTs have the potential to transform the $370B collectible market and want to provide additional liquidity to remove the friction inherent to trading high value assets. This is a key application of blockchain technology that solves a problem in the physical world. More information about Courtyard can be found on courtyard.io, on Twitter at @courtyard_nft, or on Discord at discord.gg/CourtyardNFT.

About Brink's:
Brink's Global Services is synonymous with integrity, security, and unbeatable service. Utilizing our integrated network of worldwide affiliates, we offer secure transport, storage and associated security services in more than 100 countries. With our unsurpassed global footprint, we provide our customers with the highest levels of security service, and accountability in transporting and storing their valuable assets around the world.

The Brink's Company (NYSE:BCO) is the global leader in total cash management, route-based secure logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables.  Our customers include financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.  Our global network of operations in 53 countries serves customers in more than 100 countries.

Learn more: www.brinksglobal.com | www.brinks.com

View original content:https://www.prnewswire.com/news-releases/courtyard-physically-backed-nft-platform-partners-with-brinks-to-safeguard-assets-301488251.html

SOURCE Courtyard

FAQ

What is Brink's role in the Courtyard NFT partnership?

Brink's provides secure storage and logistics for physically-backed NFTs, starting with Pokémon cards.

When is Courtyard's first NFT drop scheduled?

The first NFT drop is set for the first week of March 2022.

How many NFTs will Courtyard initially offer?

Courtyard will initially offer 1,000 graded Pokémon cards as NFTs.

What is the significance of the Courtyard and Brink's partnership?

The partnership aims to create a secure and reliable ecosystem for trading physically-backed NFTs.

What market does Courtyard aim to impact with its NFTs?

Courtyard aims to transform the $370 billion collectible market.