Morpheus Labs and Collectopia Drive Collectibles RWA Marketplace Development with Morpheus Hub and ICP Blockchain
Singapore – 2 Jan 2025 – Morpheus Labs is pleased to share the progress of its collaboration with Collectopia, an initiative created by one of the largest physical collectible card stores in Hong Kong. This collaboration focuses on developing an RWA (Real-World Asset) Marketplace and Offline Vault Service. Supported by the Morpheus Hub and leveraging the Internet Computer Protocol (ICP) blockchain, the project integrates physical asset management with blockchain technology to address key challenges in the collectible card industry.
Morpheus Labs: Driving Innovation and Partnerships
The Morpheus Hub, Morpheus Labs’ business collaboration platform, has been essential in facilitating partnerships and supporting Collectopia’s transition to Web3. By connecting stakeholders and resources, the Morpheus Hub facilitated Collectopia’s successful application for an ICP Community Grant through the ICP Hub Singapore’s Olympus Accelerator Programme. This grant has played a key role in advancing technical development and building the project.
At the same time, Morpheus Labs’ Web3 platform has served as the technical foundation of this initiative, providing essential low-code tools for building and operating a scalable and efficient Collectable RWA marketplace. With its AI-powered capabilities, the platform simplifies workflows by enabling the generation, debugging, auditing, and deployment of smart contracts in just a few clicks. This streamlined approach facilitates seamless collaboration and effective communication among teams across organizations. By leveraging these efficiencies, Collectopia is empowered to focus on redefining the collectible industry, enhancing asset management, unlocking new trading opportunities, and seamlessly integrating real-world assets with blockchain technology to deliver an innovative and user-centric experience.
“The Morpheus Hub has been a game-changer for us,” said Ernest Chan, CEO and Co-Founder of Collectopia. “Its ability to connect us with the right opportunities, like the ICP Community Grant, combined with Morpheus Labs’ platform capabilities, has simplified the complexities of blockchain development. Together, we’re creating a marketplace that will transform how collectors trade and interact with their assets.”
Building a Physical-Digital Ecosystem for Card Collectors
Collectopia’s RWA marketplace is designed to solve key challenges in the collectible card industry, including fraud, slow transactions, and lack of transparency. In the physical realm, the platform will manage and store these collectibles in its highly secure vault, ensuring authenticity and providing peace of mind to collectors. Through the tokenization of these physical assets as NFTs, Collectopia ensures trust, unlocks liquidity, and provides collectors with a secure trading experience.
Powered by the ICP’s advanced Canister smart contract technology, the marketplace will benefit from high performance, scalability, and reliability, positioning it as a benchmark for innovation and trust in this rapidly expanding market.
“This partnership with Collectopia showcases how the Morpheus Hub can support businesses in unlocking their potential,” said Pei-Han Chuang, CEO of Morpheus Labs. “By working together, we’ve introduced tools that help tokenize physical assets, ensure authenticity through blockchain, and enable secure, user-friendly marketplaces. These capabilities complement Collectopia’s vision and expertise, paving the way for new business models, revenue streams, and a reimagined experience for collectors. It’s exciting to see the impact of combining our strengths in this rapidly evolving industry.”
Supporting Innovation Through ICP Community Grants
The ICP Community Grant Program, spearheaded by the DFINITY Foundation, supports visionary projects that expand the Internet Computer ecosystem. Collectopia’s adoption of the ICP blockchain demonstrates the program’s ability to empower transformative initiatives that drive real-world innovation.
“Collectopia is an outstanding example of how blockchain can transform traditional industries,” said Aaron Ting, Co-Founder of ICP Hub Singapore. “With the support of the ICP Community Grant and Morpheus Labs, this marketplace has the potential to redefine the collectible market. We are excited to see the opportunities it will create for collectors and traders around the world.”
Preparing for a New Era of Collectibles
Collectopia’s RWA marketplace, powered by Morpheus Labs and ICP, is nearing completion and marks a significant step toward bridging Web2 and Web3. This collaboration highlights the transformative potential of partnerships in addressing real-world challenges with practical solutions. Once launched, the marketplace is poised to redefine how collectors interact with and trade their assets, setting new benchmarks for transparency and innovation. Looking ahead, the platform plans to expand into other collectible categories, including but not limited to signed jerseys, sneakers, and designer toys, thus broadening its reach and appeal.
About Morpheus Labs
Morpheus Labs provides an end-to-end low-code platform that accelerates Web3 adoption for businesses. Through the Morpheus Hub, enterprises can access blockchain solutions, tools, and support to innovate and scale efficiently in the blockchain ecosystem.
About Collectopia
Collectopia revolutionizes the collectible card market by merging physical and digital assets into a phygital trading ecosystem. By offering secure transactions, real-time liquidity, blockchain-backed authenticity, and a highly secure vault, Collectopia is setting a new standard for the global collectible market.
Internet Computer Protocol (ICP)
Internet Computer Protocol (ICP) is a groundbreaking Web3 ecosystem dedicated to transforming the internet into a decentralized, public utility. By merging advanced blockchain technology with seamless scalability, ICP is reshaping how applications, data, and services are built and hosted on the open internet.
