In our pursuit to redefine the boundaries of digital art and collectibles, Magic Eden is proud to announce its partnership with Collector Crypt. As the leading pioneers in the world of collectible tokenization, Collector Crypt seamlessly bridges the tangible and intangible realms of collection. This collaboration is set to revolutionize how our community buys, sells, and appreciates collectibles. Here's everything you need to know.
Introduction: From Collector Crypt's Desk to You
The information provided herein has been curated from Collector Crypt's official FAQs to assist Magic Eden's community. While we're thrilled to facilitate the trading of these NFTs, it's paramount to understand that details concerning the redemption, physical collectibles, and associated fees are managed exclusively by Collector Crypt. For a more comprehensive understanding or specific queries, we recommend reaching out to them directly.
How to seamlessly redeem your cards
Connection
Begin by connecting your wallet which holds the NFT to the Collector Crypt website or opting to sign in with Gmail.
Accessing collection
Hover over the 'Collection' tab in the banner. Click the circle with an arrow on the top right corner of the collection screen to make sure your collection is up to date.
Card selection
Pick out the card(s) you wish to redeem and click the adjacent burn icon.
Redemption
Head to the burn icon in the top right and proceed.
Review
Thoroughly inspect your selection and click 'Burn PNFTs'.
Shipping & fees
Validate your shipping address. This is the phase where shipping, insurance, and a 2% vault withdrawal fee (based on insured value) will be deducted.
Note:
Add your address in the account settings on Collector Crypt. This way, you won't have to enter it every time!
Relax
Your cards are en route to you!
Note:
To ship more than 11 NFTs in one package, contact the Collector Crypt team.
Diving into the FAQs
What exactly is Collector Crypt?
Imagine a digital realm where physical collectibles find a secure home. Collector Crypt is that marketplace. Using decentralized tracking, it offers unparalleled security for your prized possessions. Whether you're buying or selling, the platform's globally accessible, temperature-controlled vaults ensure a smooth transaction.
Breaking down the fees:
For sellers: A 2% fee, comprising 1% platform transaction and 1% royalties.
Redemption: This involves a 2% fee of the card's insured value. Shipping and handling costs are contingent on various factors like location.
Storage nuances: The redemption fee aids in supporting vaulting partners. The best part? No ongoing charges for vault storage or insurance!
Tax insights
Given their strategic location in tax-free zones within the US, Collector Crypt doesn't levy taxes on items. Yet, on dispatching items from the vault, additional taxes might apply. Always consult a tax expert for clarity.
Why sellers love Collector Crypt
From one-time shipping for multiple sales, unmatched vault security, to high-resolution card scans and a global reach, the benefits are endless. Plus, there's a zero chance of chargebacks, making transactions ironclad.
Why buyers love Collector Crypt
The platform ensures total transparency with high-resolution scans, zero scamming risks, optional physical custody, and rapid ownership transfers.
Understanding purchases
Every purchase represents a tangible trading card, safeguarded in a fortified vault. This "digital IOU" can be redeemed anytime, or you can bask in its digital glory, trade it, or even use it as loan collateral.
Storage details
Collectibles are currently stored in renowned US vaults like PWCC in Oregon. Expansion plans involve partnering with global vaults for better accessibility. When submitting a card, you'll be directed to the nearest vault. Details on any card's location can be accessed via 'More Details' on Collector Crypt.
How do I digitize my collectibles:
Connect to the marketplace on collectorcrypt.com via Phantom wallet or email login.
Click 'Deposit Cards' and follow the instructions.
Once verified and stored, a digital token or pNFT representing your card will be issued.
How do I sell my digital collectables?
Connect to Magic Eden's NFT platform.
Navigate to your Collector Crypt collection.
Choose the card you wish to sell and follow the listing steps, as if you were selling a regular NFT!
Which collectibles are accepted?
Primarily, cards graded by PSA, BGS, CGC, SGC, etc. If your card isn't graded by these entities, reach out for guidance.
Need support?
If you have questions, especially concerning redeeming physical collectibles or the platform's fee structure, it's best to initiate contact with Collector Crypt:
Discord Support: Join the community at discord.gg/dzYKMkQQKk and engage with an admin.
Email Assistance: Drop a line at [email protected]. For swifter resolutions, consider attaching screenshots to elucidate your concerns.
Please remember, while Magic Eden is your trusted platform for NFT trades, we primarily handle the digital aspects of these transactions. Should you face issues specifically related to Collector Crypt's offerings, it's efficient to approach them first.
Remember, this groundbreaking partnership between Magic Eden and Collector Crypt is a testament to our commitment to provide an unparalleled experience to our community. Dive in and rediscover collecting!