On February 12, during the Consensus 2026 conference in Hong Kong, a themed exhibition focused on high-end physical collectibles was held in an industry exchange atmosphere. This was a privately invited exhibition event, gathering selected collectors and partners to create an immersive collecting experience together.

Inside the exhibition hall, multi-themed sections displayed high-grade rare collectible trading cards and cultural collectibles certified by professional institutions, ranging from Pokémon trading cards to top sports star cards, classic comic original publications, vintage gaming consoles and cartridges, K-POP idol collectibles, and representative magazines, forming a cross-category physical collection matrix.

In the sports collectibles section, a group of glass display cases was particularly eye-catching. Inside the display cases were multiple rare version cards of legendary NBA stars' Logoman patches, including Kobe Bryant, Stephen Curry, LeBron James, and Michael Jordan.

According to the organizers, some collectibles were unique 1/1 versions, with a single card's reference value ranging from 1 million to 3 million dollars. For example, one of the displayed LeBron James rookie patch autos comes from Upper Deck's inaugural Exquisite high-end product line launched in 2003. Exquisite broke traditional pricing logic in the trading card market with its extremely high prices, marking an important milestone in pushing trading cards into the luxury collectible arena, with the market valuation of this card being approximately 1 million dollars.

2003-04 Upper Deck Exquisite LeBron James Rookie Patch Auto (RPA) #78/99 on display

On the other side, the Pokémon trading card display case also attracted many visitors. All displayed cards were equipped with exclusive QR codes, allowing on-site visitors to scan and instantly access corresponding on-chain information of the cards on BNB Chain, including ownership records, asset sources, custody status, and historical circulation information. All exhibited Pokémon trading cards were validated, verified, and custodized through the third-party custody layer infrastructure provided by Renaiss Network Vault OS, achieving synchronization between physical assets and on-chain data.

Exhibition of certified and graded Pokémon trading cards on display

According to the organizers, this exhibition was jointly organized by Renaiss Protocol, a leading project in the BNB ecosystem collectible track, and its sub-brand Renaiss Collectibles, in collaboration with event partner Event3, along with renowned collectible card stores LOGOMAN and YAMACARDO. The total estimated value of the exhibited collectibles exceeded 15 million dollars, representing a rare large-scale high-standard physical collectible exhibition in recent industry events.

On-Chain Liquidity Infrastructure for Physical Collectibles

Behind the high-grade Pokémon trading cards exhibited on-site is a set of infrastructure systems built around authentication, custody, and on-chain circulation records.

Renaiss has deeply vertically integrated with globally renowned card stores to become ecosystem nodes. Each authenticated grading Pokémon trading card displayed has undergone a standardized process from physical to on-chain. The authentication and verification processes are completed by third-party professional institutions, including LegitApp and collaborating card store staff, alongside on-chain signature confirmations; physical assets are subsequently accepted, stored, scanned, and minted via Renaiss Network Vault OS by approved distributed third-party custodians or vaults. Key data such as authentication results, grading information, custody subjects, and asset statuses are written into the smart contract layer, forming a strong connection between on-chain data and off-chain physical items.

Through this process, a genuine and traceable asset record is established before the physical collectibles enter the circulation system, providing a transparent basis for subsequent transactions and circulation.

Circulation Upgrade Window for the Collectibles Market

In recent years, the global physical collectibles market has remained active. In particular, trading card games (TCG) have formed a stable trading system in several countries and regions, with high-end card transaction prices continuously setting new records.

On February 16, Logan Paul’s Pikachu Illustrator card was sold for nearly 16.5 million dollars, becoming the highest-priced single card recorded publicly to date. According to industry data, the global TCG market size is estimated to reach approximately 8.4 billion dollars by 2025, and is expected to reach 11.6 billion dollars by 2030. As the market expands, high-value physical assets are gradually entering a more specialized and scaled stage.

Against this backdrop, the importance of transparent and verifiable custody and standardized circulation mechanisms is steadily rising. High-value collectibles involve cross-regional transactions and long-term preservation; asset authenticity verification, ownership records, grading information, and historical transfer paths have become core factors of concern for both buyers and sellers. Meanwhile, physical assets still face objective physical frictions in transportation, storage, and delivery stages, including delivery cycles, warehouse management, cross-border circulation, and insurance arrangements.

The traditional offline trading system incurs costs in information synchronization and trust transfer, and the complexity of operations during physical circulation limits the transaction efficiency of high-value collectibles. The market's demand for queryable verification, traceable digital records, and more efficient circulation cooperation mechanisms is gradually increasing.

Blockchain technology has started to address this demand. Through on-chain records and smart contract mechanisms, physical assets can create verifiable archives and provide data foundations for subsequent circulation. Collectibles, as an asset type with cultural properties and community foundations, are becoming an important scenario for the practice of putting physical assets on-chain.

RWA Practice of Collectibles on BNB Chain

During the exhibition, Renaiss CEO Winchman also shared his understanding of the integration path between collectibles and blockchain. He pointed out that blockchain is the optimal solution for the collectibles industry. In the trading of physical collectibles, custody credibility, pricing standards, and liquidity organization methods are always core issues. Blockchain provides a technical basis for the global circulation of collectibles and brings new possibilities for asset state transparency.

Winchman stated that Renaiss chose to enter the RWA track from the collectibles angle due to long-term observations on the friction in physical asset circulation. The team hopes to eliminate friction in physical collectible transactions through standardized custody structures and on-chain record mechanisms, building infrastructure for the financial development of collectibles.

In terms of specific progress, since its launch on BNB Chain in November 2025, Renaiss has completed the Alpha and Closed Beta phases, with the Open Beta currently ongoing and iterating. On the application side, since the public beta test in December 2025, multiple rounds of card pack sales quickly sold out; Gacha V1 functionality transaction volume reached 1.37 million dollars, and secondary market transaction volume reached 962,000 dollars; the eco-project collectibles on-chain credit social protocol REFS has begun early priority testing.

On the eve of the exhibition, the platform also welcomed a milestone. Its 24-hour limited Gacha V2 Beta transaction volume exceeded 700,000 dollars, with a cumulative transaction volume of over 3 million dollars within three months of launch. The relevant data is seen as a sign of the gradual formation of on-chain liquidity for physical collectibles.

During the event, Winchman also exchanged ideas with BNB Chain's business development leader Walter on ecological development. Walter shared BNB Chain's focus on AI, stablecoins, RWA, and ongoing support for long-term builders. He also mentioned that the visibility of collectibles within the BNB Chain ecosystem is increasing, and he talked about his personal emotional connection to Pokémon cards.

Cultural Dimensions of Putting Everything on the Chain

As blockchain applications gradually extend into the non-financial asset realm, physical collectibles with strong cultural attributes, community foundations, and real value are being viewed as an important component in the tokenized real-world asset (RWA) ecosystem. Compared to traditional financial assets, collectibles carry emotional recognition and cultural memory, and their on-chain circulation practices provide a tangible experimental scenario for non-financial RWA.

In this trend, the focus on verifiable custody, pricing mechanisms, liquidity structures, and market transparency for physical collectibles continues to be a core concern of the industry. The BNB Chain ecosystem is also accommodating more forms of cultural assets, providing a foundational environment for exploring the on-chain transition of physical assets.

Renaiss stated that it will continue to advance the construction of on-chain liquidity infrastructure for physical collectibles, deepen collaborations with the global collecting circle and ecosystem partners, and promote the further improvement of circulation methods for collectibles in the digital age.

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