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Tokenised cards: who holds what

8 rated apps issue each pull as a token on a blockchain. What that token is, who keeps the card and how a payout leaves, from each app's own docs and terms, read on 7 October 2026. Nothing here has been tested.

rated apps issue the card as a token8 of 27
main networks between them4
say a wallet comes with the account4 of 8

PhygitalsSolanaReview

Your walletThe appA vault company
CARD

One token stands for one stored card

The token
Compressed NFT (cNFT), on Solana
The wallet
One is made for you; connecting your own is optional
Holds the card
Partner vaults: PSA, Fanatics and Alt
A sell-back pays
Stablecoin

8 apps, 4 networks

Filter by network or by how you get a wallet. Each token is described in the operator's own words.

8 of 8 apps

The token each app issues, its network and how you get a wallet
AppToken, in its wordsWallet
PhygitalsSolanaCompressed NFT (cNFT)“Digital assets on the Phygitals platform are implemented as compressed NFTs (cNFTs) on the Solana blockchain”Made for youOne is made for you; connecting your own is optional
CourtyardPolygonCourtyard NFT (ERC-721)“smart contracts which handle the ERC-721 NFTs themselves”Made for youOne is made for you; linking your own is optional
rip.funBaseripdotfun NFT“Handle ownership, token minting, and verification on Base.”EitherConnect your own or create a RIP smart wallet
Collector CryptSolanaCollector Crypt NFT“Collector Crypt NFTs are available on Solana and six EVM networks”Bring your ownThe marketplace guide asks for your own Solana wallet, with USDC and SOL in it. Whether sign-in can make one is not confirmed
MNSTRMegaETHMNSTR NFT“NFTs are minted/transferred via smart contracts on MegaETH”EitherYour own or an embedded one; the terms name Privy
SlabzSolanaCollector Crypt NFT“Collector Crypt randomly selects a card from their inventory and transfers an NFT representing that card to your wallet.”Bring your ownThe terms ask you to connect a wallet. Whether sign-up can make one is not confirmed
ClutchPacksPolygonNFT“ANY TRANSFER OF TITLE THAT MIGHT OCCUR IN ANY UNIQUE DIGITAL ASSET OCCURS ON THE POLYGON LEDGER”Made for youA wallet built into your account
BeezieBaseBeezie NFT“Each Beezie NFT symbolizes a unique asset”Made for youA Beezie Smart Wallet is made for you; linking your own is optional

“Made for you” means the app's pages say a wallet comes with the account. It is our reading of the sentence quoted on the wallet section, not a test of sign-up.

Other networks each operator's pages name
AppWhat else its pages say about the network
CourtyardPolygon is the network of the Courtyard wallet and its USDC. The terms say the tokens move “on the Ethereum network (or any then-compatible blockchain”, and the docs' contract list still names an Ethereum registry and calls its Polygon contracts deprecated.
rip.funThe terms say tokens move “on the Ethereum network (or any then-compatible blockchain”. Base is named in the docs.
Collector CryptThe docs add six more networks a token can sit on: Ethereum, Base, ApeChain, Monad, Arbitrum and Robinhood Chain. In-app trading is on Solana.
SlabzThe token is a Collector Crypt NFT: Slabz' terms leave picking the card, vaulting and redemption to Collector Crypt.
BeezieThe Multichain FAQ says “Beezie supports Flow and Base”, each on its own site. The Terms of Use name “the Flow, Base and Solana blockchain”.

A blockchain record is not always a token

Gemint says a card's digital record “may be recorded on a blockchain” and rules out trading it, so it is not in the grid.“it confers no rights separate from the underlying physical Card and is not a security, an investment product, or a standalone tradable asset”Terms of Service, 5.2No commission

How much moves through each app

Thirty days of on-chain volume to 7 October 2026, as DefiLlama counts it from the chain. The six rated apps it tracks.

Counts: “Gacha pack sales across Collector Crypt and integrated storefronts, including Jupiter Gacha, settled onchain or through the CC fiat/credit-card rail.”

Counts: “Volume from nfts sales and marketplace transactions.”

Counts: “Volume from gacha (card pack sales)”

No method note is published for this figure.

Counts: “Volume from Gacha purchases and Battle payments.”

Counts: “USDm players spend opening Gacha packs across the six tiers”

The bars are not like for like: Collector Crypt, Phygitals, and MNSTR count pack spending only, while Courtyard adds marketplace sales. A sell-back spent on another pack is counted again, so volume is neither what an app keeps nor what buyers lose. Apps that settle off-chain are not tracked.

Who holds the card

The token sits in a wallet. The slab sits in a building. These are the buildings, on each app's terms.

The app's own vault2

  • CourtyardCourtyard, with storage partners it does not name
  • rip.funrip.fun, with storage partners it does not name

A separate vault company5

  • PhygitalsPartner vaults: PSA, Fanatics and Alt
  • Collector CryptA third-party vault, not named
  • MNSTRA third-party vault, not named
  • SlabzCollector Crypt, and so its unnamed vault
  • BeezieBrink's, on Beezie's FAQ

Terms do not place it1

What each token is said to give its holder
AppWhat the token gives you, in its words
PhygitalsA right to claim the card from the vault“Ownership of the cNFT entitles you to claim the corresponding physical trading card from vault storage”NFT & Digital Asset TermsNo commission
CourtyardOwnership of the card, in the terms' words“Each Courtyard NFT represents and conveys ownership of a certain individual Asset”NFT Terms & Asset Management Services AgreementNo commission
rip.funA record of which stored card or pack is yours“Every card and pack has a unique on-chain ID.”Docs, SummaryNo commission
Collector CryptOwnership of a card held by a vault company“Collector Crypt NFTs represent ownership of Assets which are stored by certain Vaults”Terms of Service, revised 9 June 2026No commission
MNSTRA right to ask for the card, not access to the vault“Ownership of the corresponding NFT entitles you to request redemption via the Service; it does not entitle you to direct Vault access.”Terms of ServiceNo commission
Slabz“Ownership rights” to a card another company vaults“The NFT represents ownership rights to the underlying physical card, which is vaulted by Collector Crypt.”Terms of Service, revised 1 June 2026No commission
ClutchPacksThe token “represents” the card; the terms do not say who owns the card“Each NFT represents the individual Asset depicted in or otherwise corresponding with the artwork”Terms of ServiceNo commission
BeezieOn a sale, the terms move ownership of the card to the buyer, along with the seller's storage contract“Ownership of the Asset is transferred from the Seller to the purchaser of the Beezie NFT (the “Buyer”) upon sale.”Terms of UseNo commission

Holders come from the terms read for if an app shuts down, which also has each app's title wording and closure clause. A vault a company names is its own statement; none was checked with the vault.

Wallet-free, or bring your own

“No wallet needed” means the app makes one. Someone still holds its key.

A wallet is made for you4

Make one or connect your own2

Its pages ask for your own2

Who holds the wallet key, on each app's pages
AppWho holds the key
PhygitalsPrivy for the made wallet; you for your own“Private keys are managed by Privy using secure, distributed key management infrastructure.”Docs, Technology OverviewNo commission
CourtyardNot Courtyard, on its terms. No page read names the wallet provider“Courtyard does not store or have access to or control over any Courtyard NFTs or any of a User’s private keys”Terms of ServiceNo commission
rip.funNot confirmed: no page read says
Collector CryptYou. Lose the wallet and the terms say the card is out of reach“Company will not grant User access to the Asset if User loses access to, or control of, the Collector Crypt NFT and/or the Wallet in which it is located.”Terms of Service, revised 9 June 2026No commission
MNSTRYour responsibility either way“We do not control MegaETH, your Wallet, Privy, or any third-party provider”Terms of ServiceNo commission
SlabzNot confirmed: no page read says
ClutchPacksNot stated who holds it; a lost key is your loss“Lost private keys may result in permanent loss of access to NFTs.”Terms of ServiceNo commission
BeezieHeld through Privy, where you can export it“If you need direct access to your Beezie wallet or private key, you can use Privy’s dashboard”Docs, Accessing Your Beezie WalletNo commission

Privy is a wallet company that Phygitals, MNSTR, and Beezie name in the lines quoted here. rip.fun and Slabz say nothing on keys on the pages read. Paying in is a separate question: payment methods has which apps take a card.

Can the token leave the app?

5 of 8 say yes in writing. 3 attach a catch. Swipe for each app's words.

A token in your own wallet cuts both ways. Collector Crypt's terms say that if you lose the wallet, the company “will not grant User access to the Asset”. A sale on another marketplace runs on that marketplace's terms, not the app's.

When the card ships, the token goes

One card cannot be both in the post and for sale, so the token has to end. Most apps say how; the table shows where a page does not.

  1. 1Ask in the appEach app read runs redemption through its own site, or its partner's.
  2. 2Fees and checksShipping is billed, and several apps add an ID check first.
  3. 3The token goesIt is burned, retired or handed back. The words differ by app.
  4. 4The card shipsFrom here it is a parcel, and the app's marketplace no longer lists it.
What each app says happens to the token when the card is shipped
AppThe token on redemption
PhygitalsRetired for good“When an owner claims (redeems) their physical card, the corresponding digital collectible is permanently retired and removed from circulation.”Docs, Technology OverviewNo commission
CourtyardBurned by Courtyard; you cannot burn it yourself“If a user decides to receive the physical asset, we will burn the corresponding digital version.”Docs, Asset Redemption & ShippingNo commission
rip.funRemoved for good“Once redeemed, the corresponding digital version is permanently removed.”Docs, Redemptions & ShippingNo commission
Collector CryptYou burn it, then the card ships“You burn the NFT for the card you're withdrawing, and we ship the physical card to you.”Docs, Withdrawing CardsNo commission
MNSTRBurned or handed back, as instructed“To request delivery, you may be required to burn or transfer the NFT as instructed.”Terms of ServiceNo commission
SlabzRun by Collector Crypt, not Slabz“Slabz does not control the physical cards, vaulting, or redemption process, which are managed by Collector Crypt.”Terms of Service, revised 1 June 2026No commission
ClutchPacksBurned by ClutchPacks, on a sell-back too“If you transfer the NFT to us in order to ship any Asset, the associated NFT shall be burned by us.”Terms of ServiceNo commission
BeezieClaimed through the wallet's Redeem page. No page read says what becomes of the token“This is where you can claim the physical item stored in our Brinks vault.”Docs, Wallet OverviewNo commission

Shipping fees, minimum orders and waiting times are on vault or ship. Courtyard says you cannot burn the token yourself, and rip.fun says burning or transferring one outside its redemption flow gets no card shipped.

Stablecoin payouts: where the dollars land

8 rated apps pay a sell-back in a stablecoin. What matters next is whether a route to a bank is published.

list a bank, card or payment app3 of 8
list a crypto wallet only3 of 8
publish no way out2 of 8
What a sell-back pays in and the withdrawal routes each app lists
AppPays inWays out
Phygitals
Stablecoin

Read on the operator's own page

“All buyback payouts are denominated and paid in USDC (a USD-pegged stablecoin), delivered directly to your wallet.”

The terms say the same: “All buyback payouts are made in USDC on the Solana blockchain.” USDC can then be withdrawn to a bank or an external wallet.

Checked 6 Oct 2026.

Open the source
Bank route listed
Bank payout (US ACH or debit card; UK, euro and Brazilian PIX accounts are also listed); USDC, USDT or SOL to an external Solana wallet

Read on the operator's own page

“Phygitals offers two primary methods for withdrawing funds from your wallet.”

Bank payouts take 1 to 3 business days and their fee is shown only before you confirm. Wallet withdrawals carry no platform fee. The same page says you must hold about 0.02 SOL for network fees, while the FAQ says Phygitals covers them.

Checked 6 Oct 2026.

Open the source
Courtyard
Stablecoin

Read on the operator's own page

“in USDC on their Courtyard wallet/account”

Checked 6 Oct 2026.

Open the source
Bank route listed
Bank (ACH); Debit card; PayPal; Venmo; Interac (Canada); USDC to a crypto wallet

Read on the operator's own page

“The withdraw screen only shows methods available for your country and account.”

Venmo is for US users and Interac for Canadian residents. A US bank transfer typically takes the same day or 2–3 business days. Where bank payouts are not supported, the only route is USDC to a crypto wallet.

Checked 6 Oct 2026.

Open the source
rip.fun
Stablecoin

Read on the operator's own page

“Users will receive funds in USDC to their ripdotfun wallet/account, which can be used on the marketplace or for future purchases”

Buybacks are described for mystery products only.

Checked 6 Oct 2026.

Open the source
No route published
Not published

We looked and the operator does not publish it

No withdrawal method is named on any page read.

Checked 6 Oct 2026.

Collector Crypt
Stablecoin

Read on the operator's own page

“sell an NFT back for a percentage of its insured value in USDC”

Checked 6 Oct 2026.

Open the source
Crypto wallet only
USDC to your own wallet

Read on the operator's own page

“sends USDC to the player”

Checked 6 Oct 2026.

Open the source
MNSTR
Stablecoin

Read on the operator's own page

“Eligible NFTs may include a published sellback or buyback offer, such as an FMV-based USDm offer on MegaETH.”

USDm is a dollar token on the MegaETH network. The FAQ also mentions an “MNSTR balance” that can pay for shipping.

Checked 6 Oct 2026.

Open the source
No route published
Not published

We looked and the operator does not publish it

No way to move a sell-back to a bank account or card is described on the public pages.

Checked 6 Oct 2026.

Slabz
Stablecoin

Read on the operator's own page

“It auto-sells any common cards for USDC so your rip always goes through.”

A sale is “paid to your balance”, which is USDC in the account's Solana wallet. Read in the site's script.

Checked 6 Oct 2026.

Open the source
Bank route listed
USDC to a Solana wallet or exchange; Bank account, Venmo or PayPal

Read on the operator's own page

“Bank payouts work in the US, UK, the Eurozone (SEPA, Euro accounts only), and Brazil (PIX). You'll need to verify your identity before your first payout.”

Read in the site's script. The bank route runs through Coinflow and has a maintenance state in the script; whether it is live today was not seen.

Checked 6 Oct 2026.

Open the source
ClutchPacks
Cash

Read on the operator's own page

“you will receive the funds in USD value in your Wallet and/or in Platform credit”

The same sentence says Platform credit “may be subject to additional restrictions, withdrawal, or spend requirements”. No public page names USDC or any stablecoin.

Checked 6 Oct 2026.

Open the source
Behind a login
Inside the app

Only visible after signing in

No method is named on the terms, homepage, pack pages or store listing. The help centre needs a login.

Checked 6 Oct 2026.

Beezie
Stablecoin

Read on the operator's own page

“your wallet balance is credited with the SWAP amount minus fees (6%)”

The wallet balance on the current site is USDC: “USDC is used on Base.”

Checked 6 Oct 2026.

Open the source
Crypto wallet only
Crypto wallet (export the wallet key, then bridge)

Read on the operator's own page

“Click "Export Private Key"”

A bank off-ramp was announced as coming, not as live.

Checked 6 Oct 2026.

Open the source
LastpackNo token
Stablecoin

Read on the operator's own page

“Withdrawals are USDC to a Solana address.”

A sell-back is “credited to your Lastpack balance” and the terms let “Eligible Sale Proceeds” be cashed out. Money you paid in and bonus credit cannot be withdrawn.

Checked 6 Oct 2026.

Open the source
Crypto wallet only
USDC on Solana

Read on the operator's own page

“We only support the below methods for Withdrawing your funds.”

USDT, bank account and card are each marked “Coming soon”. Two-factor sign-in must be on before a withdrawal.

Checked 6 Oct 2026.

Open the source
RipRip.ioNo token
Cash

Read on the operator's own page

“Instant Sell proceeds are deposited into your RipRip wallet. They can accumulate across multiple sales and can be withdrawn using Cash Out.”

The balance is a wallet RipRip creates for you. It can be cashed out to a bank, PayPal or Venmo, or sent as USDC.

Checked 6 Oct 2026.

Open the source
Bank route listed
Bank transfer (ACH, SEPA Instant, UK Faster Payments); Real-Time Payments; PayPal; Venmo; USDC to a Solana wallet

Read on the operator's own page

“Bank transfer through ACH in the United States, SEPA Instant in Europe, or UK Faster Payments in the United Kingdom.”

“Available methods depend on region.”

Checked 6 Oct 2026.

Open the source
What a stablecoin is, in one operator's words“All buyback payouts are denominated and paid in USDC (a USD-pegged stablecoin), delivered directly to your wallet.”Phygitals docs, Pack Opening & BuybackNo commission

Payout facts are from our dataset, read on an earlier day; tap a cell for its source. “No token” rows pay or withdraw in a stablecoin, and no page of theirs in our dataset names a token for the card. Rates, fees and minimums are on cashing out, and what stalls a payout on withdrawals.

Who pays the network fee

Blockchains generally charge a fee for each transaction, often called gas. The pages split on who covers it.

The app covers it1

Depends on the wallet1

You pay3

Its pages disagree1

No page read says2

Phygitals is the only app that sizes the fee on the pages read: “0.02 SOL typically covers all gas fee transactions”. Where you pay it, the wallet needs some of the network's own coin first.

Where the pages disagree or stop

5 places where an operator's own pages pull two ways or leave the question open, in their words.

CourtyardWhich network holds the token

The wallet runs on Polygon. The docs' contract list, last updated two years ago, calls the Polygon contracts deprecated and names an Ethereum registry. No current page read settles it.“Your embedded Courtyard.io wallet is only intended to be used with USDC on Polygon.”Docs, Recovering FundsNo commission“The polygon collection and set of contracts are deprecated starting October 30th, 2022”Docs, Useful LinksNo commission

PhygitalsWho pays the fee on a withdrawal

The FAQ says Phygitals covers it. The funds guide says you need SOL in the wallet first.“Phygitals covers gas fees on withdrawals.”Docs, Frequently Asked QuestionsNo commission“You must hold SOL in your wallet to cover gas fees for withdrawal.”Docs, Adding and Withdrawing FundsNo commission

rip.funWhether the token can leave

The terms say the tokens can move between wallets. The docs say burning or transferring one outside the official redemption flow gets no card shipped. No page read says whether a token held in an outside wallet can still be redeemed.“ripdotfun NFTs can be transferred between Wallets on the Ethereum network”Terms of ServiceNo commission“Burning or transferring digital items outside the official redemption flow will not result in physical fulfillment.”Docs, Redemptions & ShippingNo commission

BeezieHow many networks

The FAQ names two networks, each on its own site. The terms name three.“Beezie supports Flow and Base”Docs, Multichain FAQNo commission“the blockchain protocol and network services offered to you by the Flow, Base and Solana blockchain”Terms of UseNo commission

BeezieWhether a bank payout arrived

The Multichain FAQ, last updated 8 months before our read, expected bank payouts weeks after the Base launch. No page read says they went live.“Bank off-ramps are expected to go live 2–3 weeks after launch”Docs, Multichain FAQNo commission

Each app's full walk-through is in its guide: Phygitals, Courtyard, rip.fun, Collector Crypt. Whether the draw itself can be checked on-chain is on provably fair.

Questions people ask

Do I own the card or the token?

It depends on the app's terms, and they differ. Some say the token conveys ownership of the card; others say it lets you ask for the card. If an app shuts down has the title wording for every rated app.

Do I need a crypto wallet to rip tokenised cards?

Not at Phygitals, Courtyard, ClutchPacks, and Beezie: their pages say a wallet is made with the account. Collector Crypt and Slabz ask for a wallet of your own on the pages read. A made wallet is still a wallet, with a key somebody holds.

Is a USDC payout the same as dollars in a bank?

No. It is a token in a wallet on one network. 3 of the 8 apps that pay in a stablecoin list a bank, card or payment-app route; 3 list a crypto wallet only. Cashing out has rates and fees.

Can I sell the token somewhere else?

5 of 8 apps say in their terms or docs that the token can move to another wallet or marketplace. rip.fun, Slabz, and ClutchPacks attach a catch, shown above. None of this was tested, and a sale elsewhere runs on that marketplace's terms.

Sources35

  1. Phygitals: NFT & Digital Asset Terms docs.phygitals.com
  2. Phygitals: Docs, Frequently Asked Questions docs.phygitals.com
  3. Phygitals: Docs, Technology Overview docs.phygitals.com
  4. Phygitals: Docs, Adding and Withdrawing Funds docs.phygitals.com
  5. Courtyard: Docs, Technology overview docs.courtyard.io
  6. Courtyard: NFT Terms & Asset Management Services Agreement docs.courtyard.io
  7. Courtyard: Docs, Recovering Funds docs.courtyard.io
  8. Courtyard: Terms of Service docs.courtyard.io
  9. Courtyard: Docs, Asset Redemption & Shipping docs.courtyard.io
  10. rip.fun: Docs, Platform Architecture docs.rip.fun
  11. rip.fun: Docs, Summary docs.rip.fun
  12. rip.fun: Pro Mystery Cards pack page, read through a US page reader rip.fun
  13. rip.fun: Docs, Redemptions & Shipping docs.rip.fun
  14. rip.fun: Terms of Service docs.rip.fun
  15. Collector Crypt: Docs, Cross-Chain docs.collectorcrypt.com
  16. Collector Crypt: Terms of Service, revised 9 June 2026 collectorcrypt.com
  17. Collector Crypt: Docs, Marketplace User Guide docs.collectorcrypt.com
  18. Collector Crypt: Docs, Withdrawing Cards docs.collectorcrypt.com
  19. MNSTR: Terms of Service mnstr.xyz
  20. Slabz: Terms of Service, revised 1 June 2026 slabz.com
  21. ClutchPacks: Terms of Service clutchpacks.io
  22. Beezie: Terms of Use docs.beezie.com
  23. Beezie: Docs, Multichain FAQ docs.beezie.com
  24. Beezie: Docs, Accessing Your Beezie Wallet docs.beezie.com
  25. Beezie: Docs, Wallet Overview docs.beezie.com
  26. Beezie: Docs, Beezie Smart Wallets Upgrade docs.beezie.com
  27. Courtyard: Docs, Useful Links docs.courtyard.io
  28. Gemint: Terms of Service, 5.2 help.gemint.io
  29. DefiLlama: Collector Crypt, 30-day volume defillama.com
  30. DefiLlama: Courtyard, 30-day volume defillama.com
  31. DefiLlama: Phygitals, 30-day volume defillama.com
  32. DefiLlama: Beezie, 30-day volume defillama.com
  33. DefiLlama: Gemint, 30-day volume defillama.com
  34. DefiLlama: MNSTR, 30-day volume defillama.com
  35. Phygitals: Phygitals docs, Pack Opening & Buyback docs.phygitals.com
Alexander Korsager

Alexander Korsager

Every figure was read on public pages between 6 October 2026 and 7 October 2026. Nothing here has been tested with money yet. The token pages on this guide were read on 7 October 2026, from Germany, with no account and no wallet connected. 8 apps are covered because their own pages name a token and a network.