New product offering establishes Dibbs as a two-sided marketplace
Dibbs receives investment from Amazon
LOS ANGELES, December 02, 2021--(BUSINESS WIRE)--Dibbs, the only 24/7, fractional collectibles marketplace powered by blockchain, today announced the launch of Sell With Dibbs, which allows its users to instantly monetize their own trading cards by selling on a fractional basis to other Dibbs users. The company also announced an investment from Amazon.
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Sell With Dibbs empowers collectors of all kinds to acquire some of the most sought-after cards in the world directly from other Dibbs users. (Photo: Business Wire)
Sell With Dibbs empowers collectors of all kinds to acquire some of the most sought-after cards in the world directly from other Dibbs users. Dibbs users who fully own a slabbed and graded card that’s already trading on Dibbs can simply search for it on the Dibbs marketplace and select it as one they want to sell. Dibbs then gathers and verifies a few details about the card from the owner, who then submits the physical card, after which it is securely vaulted and insured for free. The card is then fractionalized and added to the user’s account for them to fully control sale price, quantity, and cadence. Sellers reap instant and flexible liquidity with the financial benefits of a fractional market—they can sell as much or as little of their card as they want, whenever they want, with a flat, 2.9 percent transaction fee on each fraction sold.
"For too long, the collectibles market has been riddled with barriers to entry that render it inaccessible and inequitable. Traditional ownership has limitations that the emerging metaverse eliminates. Moving these collectibles, which genuinely represent an individual’s online persona, into the digital domain is essential for the future of ownership and identity," said Dibbs Founder and CEO, Evan Vandenberg. "We’re proud to establish Dibbs as a two-sided marketplace that offers both buyers and sellers stable pricing, instant and flexible liquidity, and transparent fees. Sell With Dibbs is yet another way we’re making collectibles more accessible by meeting collectors where they are, which today is on their phones and connected devices. Once an item is tokenized it gains immense capabilities and can be utilized in ways we’re only just beginning to understand."
Physical cards and NFTs on Dibbs are vaulted and fractionalized using smart contracts, enabling users to collect, buy, or sell as much or as little as they want. Dibbs also offers Frac Packs, which build on Dibbs' core offering of tokenized, fractional interests in physical collectibles by creating a digital pack of fractional tokens. Collectors who accumulate 100 percent of any physical asset on Dibbs can take possession and have it shipped to their home. Since launching publicly in the summer of 2021, Dibbs has processed millions of dollars across hundreds of thousands of trades.
Amazon’s investment comes on the heels of Dibbs’ Series A announced in July from a variety of investors, ranging from Foundry Group and Tusk Venture Partners to athletes including Chris Paul, Channing Frye, DeAndre Hopkins, Kevin Love, Kris Bryant, and Skylar Diggins-Smith. Dibbs is available on iOS, Android, and the web. To join the team, please visit https://jobs.dibbs.io/.
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