Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
Author | Qin Xiaofeng
Produced | Odaily
a namedDibbsThis year, the NFT market ushered in a big explosion. However, the booming NFT market is also facing many problems, and the liquidity problem is always unsolvable. At the same time, even for "out of the circle" and highly recognized items such as Cryptopunks, it is difficult for ordinary users to participate due to the high investment threshold.
In this context, the NFT fragmentation solution came into being. NFT fragmentation can "split" a complete NFT into several fragmented tokens. These tokens can be traded and circulated in the secondary market, thereby indirectly improving the overall NFT liquidity; and, the price of fragmented tokens formed by each transaction will also be fed back to the overall NFT, providing a price discovery function.a named
A platform dedicated to enhancing the liquidity of traditional sports cards through the NFT fragmentation solution.
Dibbs, a trading platform for sports card NFT fragments built on the WAX blockchain, has now officially launched a marketplace called "Sell with Dibbs," which allows owners to sell their collectibles as well as a fraction of their interest.
(Note: WAX is a public chain focusing on game props and digital collections. The main network was officially launched in June 2019)
To put it simply, cardholders can upload various sports cards (NBA, UFC, MLB, etc.) they hold including physical star cards to the platform, and generate a detachable NFT through WAX vIRL® NFT technology. For other buyers to purchase and resell; the physical card is held by a third-party custodian, and once a buyer has collected all the NFT fragments, the physical card can be exchanged.
What is quite interesting is that although the company has applied the fragmented NFT solution, the fragments purchased by buyers cannot actually be transferred from the platform; after users register by email, they will not obtain the wallet address on the chain. NFT is equivalent to being escrowed. In other words, the blockchain solution is insensitive to the user.
In addition, users must pass the KYC/AML review of the platform to comply with regulatory requirements; in terms of payment, the platform only accepts legal currency payments; in terms of fees, Dibbs will charge the buyer a fee of 0.1% to 5.0% of the order value for each transaction .
“For too long, the collectibles market has been riddled with barriers to entry that have raised barriers to entry, and that’s not fair. The emerging Metaverse removes the constraints of traditional ownership. Moving these collectibles that truly represent an individual’s online presence Moving to the digital realm is critical to the future of ownership and identity.” Dibbs founder and CEO Evan Vandenberg envisions the company’s future. “With Dibbs, owning digital equity in physical collectibles such as sports cards is now a reality. As technology continues to disrupt the traditional financial system, consumers are increasingly accustomed to defining ownership beyond the physical.”
Vandenberg also pointed out that the sports card transaction business is not the only area of focus for Dibbs, the company is also considering entering other areas.
In terms of financing, in March this year, Dibbs completed a US$2.8 million seed round of financing for business expansion, led by Courtside Ventures; in September this year, Dibbs completed a US$13 million Series A financing, led by Foundry Group, Courtside Ventures, Founder Collective and Tusk Venture Partners participated. Additionally, a consortium of professional athletes participated in the round, including Kris Bryand from the MLB, skylar Diggins-Smith from the WNBA, DeAndre Hopkins from the NFL and Chris Paul from the NBA.Otis、Unicly、FractionalandRecently, Dibbs announced on his official Twitter that he has received investment from the e-commerce giant Amazon, but the details of the investment have not been disclosed.Platforms such as Daofi
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