Foreign News: Amazon Enters NFT Industry By Investing In Competitive Dips Sports Card Business

According to the report, e-commerce giant Amazon recently invested in a stock market called Dibbs. The platform is powered by the Wax blockchain, allowing users to exchange some of the rights and interests of card sport over time. The report also adds that the financial terms of Amazon's support for Dibbs have not been announced.

Announcement that Amazon has entered the digital repository

NFTs and digital devices were so popular in 2021 that everyone seemed to want a fraction of the hundreds of millions of dollars in the market. Recently, it was reported that online commerce Amazon has invested in the Dips card trading platform. Wax Blockchain's official Twitter account announced on December 9: “Dibbs is a real-time business card with WAX vIRL® NFT technology”.

Dibbs was established in 2020. The platform allows members to write trade notes and send them to NFTs. Amazon's investment has yet to be announced.

This is not the first time that Dips has raised funds. At the end of July of this year, Dibbs announced the completion of a $ 13 million funding round, led by the Foundry Group, with investments from Courtside Ventures, Founder Collective and Tusk Venture Partners. In addition, an athletic association including Kris Bryand of the MLB, Skylar Diggins-Smith of the WNBA, DeAndre Hopkins of the NFL and Chris Paul of the NBA also participated in the fundraiser.

Dibbs understands that the current achievement is to mark the star card holder held by a third party agent on the body of the card. Dibbs charges the buyer between 0.1% and 5.0% of the order price for each exchange. Dibbs tokenized NFT now supports Wax and Ethereum.

The app platform was beta tested at the time and was released to all iOS, Android, and internet users across the United States. In the wine-only beta test, Dibbs completed over 100,000 transactions worth over $ 2 million. Dibbs uses NFT to allow users to become members of certain collections. Users of the app can share the valuable sports card membership with other Dibbs users in the United States. The rest of the sports card is made with NFTs and sold on the blockchain. Founder and CEO Evan Vandenberg writes of the company's vision: “With Dibbs, digital rights for physical writing like sports cards have become a reality. As technology continues to affect the traditional financial system, consumers have a better understanding of the definition of ownership than physical devices. "

Dibbs also completed a $ 2.8 million seed crop expansion in March this year, led by Courtside Ventures. Other investors include Founder Collective, JDS Sports and Sports Card, former NBA player Channing Frye and WHOOP founder Will Ahmed., Flatiron Health co. - Founder Nat Turner.

Now the company has announced a business called "Sell with Dibbs" where owners can sell their products and some of their rights and interests. Vandenberg explains that NFTs and digital devices make it easier to enter the packaging market. “In the long term, the storage industry is full of access restrictions, which affect access, which is unfair,” he said in a statement last week.

“The meta-world exists to remove the barriers of traditional membership. Moving those scripts that represent personal images online into the digital world is key to the future. in front of the members and the individual.

Dibbs is also studying other types of digital collections.

Vandenberg also pointed out that Dibbs' goal is not only in the card industry, but also to consider expanding into other areas. “Card trading is something we do, but it is,” Vandenberg said. "Our goal is more than that." In addition to the Dibbs concept, broken NFTs have become more and more important and have experienced tremendous growth. Blockchain projects focus on fragmented NFTs, including platforms such as Otis, Unicly, Fractional, and Daofi.

The famous cryptopunk collection and Doge NFT have been fragmented. Last week, the Ross Ulbricht Genesis NFT raised over $ 6 million in funding, and the material will still be distributed in installments and distributed to DAO members.