Jupiter launches gacha beta for on-chain Pokémon, One Piece

Jupiter Exchange on July 13 opened a beta of Jupiter Gacha, a platform where users open digital packs to receive professionally graded Pokémon and One Piece cards. Each card is tokenized on the Solana blockchain and backed one-to-one by a physical graded slab stored in secure vaults. Users can access the beta at jup.ag/gacha and open packs through a spin-and-tap interface; each pull records the purchase, reveal and ownership transfers on Solana’s public ledger.

The product was built with Collector Crypt, which the companies say has processed more than $1 billion in cumulative gacha volume and over one million digital repacks. Verification technology from Phygitals links each on-chain token to its physical counterpart in storage. Grading firms represented in pulls include PSA, BGS and CGC.

After a pull, holders can trade the token on Jupiter’s marketplace, keep it as a digital collectible, sell it back to the platform through a buyback mechanism, or redeem the physical slab for shipping. Buyback offers are indexed to market data drawn from sources such as eBay and ALT and generally run between about 85% and 93% of indexed market value, providing a defined exit price for holders.

Jupiter tied a $100,000 rewards pool to Solana packs for the beta, to be distributed via loyalty progress and leaderboards. The company said exact pack prices are dynamic during the beta; comparable products in the space have starter packs around $25 to $50 and premium tiers ranging higher.

The gacha format adapts the Japanese gachapon concept of a fixed-price random pull to graded trading cards. Solana’s lower fees and higher transaction throughput enable frequent pack openings that are impractical on higher-fee networks. Jupiter, the largest DEX aggregator on Solana by trading volume, can route pulls into its existing trading and lending ecosystem so a user who pulls a high-value slab can list it, lend against it or use the platform buyback.

Jupiter’s launch follows earlier integrations of graded cards on Solana. In June the exchange began accepting tokenized graded slabs as collateral on Offerbook, its lending market, allowing users to borrow USDC against slabs using fixed-term loans and, in the initial phase, without price-based liquidations. Another platform introduced a Gacha Station in June on a similar backend, reflecting broader use of graded-card tokenization on Solana.

The model presents market risks common to collectibles: prices can fluctuate with hype cycles and new releases, physical redemption depends on vault operators and shipping logistics, and gacha mechanics have drawn regulatory scrutiny in some jurisdictions for resemblance to gambling. Jupiter said it will publish updates on pack availability and reward distribution as the beta continues.