Quidd’s Multi-Chain NFT Minting Feature Positions it as the Leading Marketplace for Digital Assets
There’s no question that 2021 was the year that the word “NFT” became a mainstay in our vernacular. So much so that, when this new convergence of art and tech first started to make headlines, no one could have predicted the cultural phenomenon that was about to take flight.
Still, despite the countless headlines that have shone a spotlight on these digital assets, NFTs are in their infancy, and their true potential hasn’t been unleashed yet. That’s largely because the infrastructure that supports Web3 is still being built, meaning that the blockchain landscape we see today will continue to change and more utility for the digital assets will be unlocked.
In October 2021, Cointelegraph reported that 97% of the recent NFT sales took place on the Ethereum blockchain, showing this chain’s dominance in the burgeoning Web3 industry. However, despite playing an instrumental role in laying the groundwork for NFTs,in 2022, we’ll start to see the beginning of a multi-chain future become our new web3 reality.
Today, new blockchains are on the rise, and they’re being designed to compete with Ethereum’s slow transaction rates and high gas fees (which reached an all-time high of $70 in May 2021) that are tied to the first iteration of this blockchain (Ethereum 2.0 is set to arrive soon). Already, with new blockchains being built, the Web3 ecosystem is starting to circumvent Ethereum’s current drawbacks and provide essential features such as higher throughput, faster transactions, and virtually fee-less experiences for minters and buyers alike. As a result, we’re seeing almost as many NFT marketplaces as there are chains, including, for example, Magic Eden, which was built to support NFTs on Solana, and OpenSea, which was designed specifically for Ethereum.
However, as demand for NFTs continues to skyrocket and as new chains continue to be developed, one thing has become very clear: the next big thing in the NFT space will be a marketplace that is chain agnostic — one that can support buying, selling, and minting NFTs on any chain so that users can easily access digital goods from any part of the Web3 ecosystem in one convenient place.
Quidd has been designed to be that marketplace.
We support NFTs built on Ethereum (with plans to add WAX and Solana) by allowing collectors to be the ones to mint them. When you come to Quidd for a digital collectible, it’s up to you if you want to simply keep your digital trading card as is or mint it. It’s also up to you to decide which chain you’d like to mint it on. This approach is designed to empower our community of collectors and provide the opportunity to choose how you want to interact with your digital collectibles.
Every collector has different preferences, with some more than happy to keep their digital trading cards as is, without ever wanting to mint them as an NFT. However, if a collector chooses to mint an NFT, Quidd has made it easy for anyone to do so. Whether you’re new to Web3 or a crypto native, Quidd’s minting feature allows for an easy and fun experience.
When a collector chooses to convert their digital collectible into an NFT, Quidd makes it possible to do so on the chain of the owner’s choice. Our top goal is collector empowerment, and by taking a mint-optional and chain-agnostic approach, we make it possible for our users to make the best choice for them. Whether a collector keeps their digital trading cards as is or converts them into NFTs, each item sold on Quidd comes with its own digital property rights that can be passed down for generations to come.
Even though Quidd is uniquely qualified to keep up with our ever-evolving, multi-chain world, our marketplace will continue to grow and change into something very different because we’re committed to putting our collectors first. We’re built to last, deliver unparalleled experiences in Web3, and make creating and owning NFTs an essential component of our culture.
The result? Don’t be surprised when Quidd starts bringing hundreds of millions of NFT collectors into the marketplace.
Our multi-chain offering is just one of the many things that’s making this possible.
Quidd mintables are releasing at the end of March on the Ethereum blockchain.
About Quidd
Quidd is the original digital collectibles and NFT marketplace. For over five years, Quidd has facilitated the issuance, sale, and exchange of limited-edition, 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.
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