Quidd is Redefining the Massive Collectibles Market for Connoisseurs in the Web3 Era
As the first marketplace to implement innovations that are now industry standards for digital collectibles and NFTs, Quidd is building the go-to Web3 marketplace for collectors
Collecting is an emotional endeavor. Whether it’s card decks or miniatures, sports memorabilia that remind us of intense competitive moments and peak athletic achievement, or any other objects that we pour meaning and emotion into, every person has a collection of something, great or small, valuable in some way.
As we’ve seen in recent years, a new dimension was added to the essence of collectibles. NFT sales reached US$24.9 billion in 2021, and project developers are dreaming up new ways every day to make Web3 collectibles more appealing, whether by adding utility or building metaverse experiences around them.
Even with that rapid rise in transaction volume, all forms of digital collectibles, including NFTs, still have a long way to go. The collectibles market’s value is expected to hit US$522 billion by 2028, and Quidd is laying the groundwork to redefine the way collectors amass collectibles in the Web3 context.
Quidd and the Evolution of Collecting
Top-tier investors have taken notice that the collectibles sector is undergoing transformations. They have invested more than US$500 million over the past five years into startups that are using technology to facilitate these changes.
There are startups like StockX that focus on authentication, and there’s WhatNot which uses live-streaming to introduce a contemporary spin and fairness in box breaks, where collectors pool their money to receive cards from a box or pack. Firms like these add “digital layers” to the hobby of collecting, even making it a shared communal activity rather than a solo journey.
Then there are marketplaces, fractionalized ownership services, and collector tools that form physical-digital hybrids. Examples include StarStock, a “stock market for sports cards”; Rally Rd, where members share equity in assets such as vintage comics, antique books, classic cars, and other memorabilia; and Alt, which gives people a way to become part of large investments in trading cards.
Quidd operates in the next iteration of the collectibles sector — native digital collecting. We’re shaping an entirely new collecting experience that does not depend on existing physical inventory. Rather, collectors who use Quidd are all in on digital-only collectibles. This challenges the notion that collectibles are objects that take up shelf or wall space. Instead, Quidd collectibles exist virtually, are easily portable, and can be displayed at any scale you want.
$QUIDD Bridges Collectors and Web3 Acquisition
Quidd was the first marketplace to implement innovations that are now industry standards for digital collectibles and NFTs. These include limited-edition drops, individually serialized items, and interactive forms. Now, Quidd already has partnerships with more than 325 brands, including major names like Star Trek, Transformers, and Magic: The Gathering.
To make Quidd the prime destination for digital collectors, our $QUIDD utility token was released through an IDO in November 2021. $QUIDD can be used to fund gas fees for creating Mintables, which are digital collectibles that can be minted as NFTs, on Ethereum, BNB Chain, and Polygon — an option for any collector who uses Quidd’s marketplace. The token can also be used for peer-to-peer transactions and can be staked for rewards. Plus, $QUIDD is airdropped to users who trade specific collections on the Quidd marketplace, as seen in the recent L.O.L. Surprise and Rick and Morty campaigns.
Our time horizon for introducing NFTs into the mainstream is long — just like the way collectors expect to hold on to their cherished possessions for decades and perhaps even pass them down to the next generation.
When eBay was founded in 1995, it was controversial and difficult to understand. We take inspiration from journeys like that of eBay, where disruptors surmounted many difficulties to become industry titans in the collectibles space. We are devising a better user experience, shared rewards, and access to desirable digital items for collectors. Quidd will continue to build ways to reach more people as we redefine collecting for every Web3 user.
Quidd is the original digital collectible and NFT marketplace. For over five years, Quidd has facilitated the issuance, sale, and exchange of limited-edition and officially licensed digital collectibles, featuring more than 325 of the world’s most popular brands, including Marvel, Disney, Game of Thrones, Rick and Morty, and more.