Welcome to Collect Foundation, operated by Ethernal Labs, Inc. d/b/a Collect Foundation (“Collect Foundation,” “we,” “us,” or “our”). These Terms of Service (“Terms”) govern your access to and use of our mobile app, website, web app, and other services (collectively, the “Services”). By accessing or using the Services, you agree to comply with these Terms.
Collect Foundation offers a dynamic marketplace where users can buy, sell, and trade high-end collectibles. All collectibles are securely stored in a Brinks-operated vault, and ownership is transferred via blockchain technology. Users also benefit from innovative features like our Buyback Program, which allows eligible collectibles to be sold back to Collect Foundation for added liquidity and flexibility.
Please read these Terms carefully, as they affect your legal rights. If you do not agree to these Terms, you must not access or use the Services. Collect Foundation is available only to residents of the United States.
User: Any individual accessing or using the Services.
Ownership Title: A blockchain-based certificate representing ownership of a physical item stored in our vault.
Vault: A secure facility operated by Brinks, where physical collectibles are stored.
Transaction: Any sale, purchase, or trade conducted via the Services.
Eligibility: The Services are available only to U.S. residents aged 18 or older.
Account Setup: You must create an account and provide accurate, up-to-date information.
Account Security: You are responsible for all activity on your account and must keep your login details secure.
Additional Verification: We may require additional information or documents to comply with laws or address suspicious activities.
Collect Foundation offers a marketplace for high-end collectibles. All items are stored in a secure Brinks vault. Ownership of these items is transferred via a blockchain system. Users can buy, sell, and trade these collectibles without taking physical possession, unless explicitly requested.
Ownership: Sellers certify that they own the items listed for sale and have the right to transfer ownership.
Vault Storage: All items listed are stored at the Brinks vault and remain in storage unless redeemed by the buyer.
Ownership Title Transfer: The ownership of collectibles is transferred through blockchain when a transaction is completed.
Purchase and Payment: Once a purchase is made, the transaction is binding, and no refunds will be issued unless otherwise stated.
Non-Redemption: Buyers may keep items stored in the vault indefinitely and continue trading the ownership titles without taking possession of the physical items.
Vault Security: Items are securely stored in a Brinks vault. Collect Foundation is not responsible for any damage, theft, or loss except in cases of gross negligence by Brinks.
Item Redemption: Users may request the physical delivery of items by paying applicable fees for shipping and handling. Collect Foundation reserves the right to verify your identity and ownership before releasing the items.
The Buyback Program allows users to sell eligible collectibles directly back to Collect Foundation at a percentage of the Fair Market Value (FMV). This feature provides flexibility and liquidity, especially for items acquired through curated drops.
How It Works
Important Notes:
• Offers not accepted within the seven-day validity period will expire and cannot be reinstated.
• Collectibles physically redeemed from the vault are ineligible for the Buyback Program.
• Collect Foundation reserves the right to adjust buyback percentages based on current market trends and conditions.
The Originator Royalty Program incentivizes users to submit collectibles to the vault by granting a 2% royalty on all subsequent resales of those collectibles on the Collect Foundation marketplace.
How It Works
Important Notes:
• The Royalty Program applies exclusively to collectibles submitted by the originator.
• Royalties do not apply to collectibles acquired through curated drops or secondary marketplace purchases.
• Once a collectible is redeemed, it exits the Collect Foundation marketplace, and royalties are no longer applicable.
Collect Foundation’s curated drops offer users the chance to purchase mystery cases or blind boxes containing randomized collectibles.
How It Works
Important Notes:
• Collect Foundation does not guarantee specific outcomes, values, or rarity of items.
• Purchases of drops are final and non-refundable.
• Items acquired through drops are eligible for the Buyback Program at 70–90% of FMV.
The Collectible Submission process allows users to send their graded collectibles to Collect Foundation for secure storage, digitization, and participation in the marketplace.
How It Works
Important Notes:
• Only collectibles graded by approved companies (e.g., CGC, PSA, Beckett) are eligible.
• Non-compliant submissions will be returned.
• Collect Foundation is not responsible for shipping issues before receipt.
Transaction fees, payment processing, and taxes are handled in accordance with Collect Foundation’s payment partners and applicable laws.
You agree not to list counterfeit, illegal, or prohibited items, manipulate transactions, or use bots.
Insiders and affiliated individuals are restricted from participating in retail sales, except with written authorization from Collect Foundation.
All content on Collect Foundation, including logos, designs, and software, is the property of Collect Foundation or its licensors.
By submitting content, you grant Collect Foundation a non-exclusive, royalty-free license to use it in connection with the Services.
Disputes arising out of or relating to the Services will be resolved through binding arbitration under U.S. law. You waive your right to a jury trial and class action participation.
You may opt out within 30 days by contacting contact@collectfoundation.io.
Collect Foundation is committed to protecting your privacy. Please review our Privacy Policy for details.
Collect Foundation may modify these Terms at any time with reasonable notice. Continued use of the Services constitutes acceptance of the updated Terms.
Collect Foundation provides the Services “as is.” To the fullest extent permitted by law, Collect Foundation is not liable for indirect, incidental, or consequential damages.
Collect Foundation reserves the right to suspend or terminate your account at any time for violations of these Terms.
These Terms are governed by the laws of the State of New York. Any legal proceedings shall be brought exclusively in New York County courts.
For questions, contact: contact@collectfoundation.io
If you request to close your account, Collect Foundation will confirm via email and provide instructions for withdrawing funds or transferring assets.
You must act within 60 days. Unclaimed funds may be handled under escheatment laws.
Collect Foundation assumes no liability for unclaimed property.
If Collect Foundation ceases operations, users will have at least 60 days to redeem or withdraw assets.
Collect Foundation will coordinate with vault providers to release physical items and enable digital asset transfers.
Unclaimed property may be held or transferred per law. Collect Foundation is not liable for market value losses or delays caused by third parties.
You agree to indemnify and hold harmless Collect Foundation, its affiliates, and representatives from any claims, losses, or damages arising from your use of the Services or violation of these Terms.
Collect Foundation shall not be liable for delays or failures caused by circumstances beyond its control, including natural disasters, war, strikes, or governmental actions.