According to Bloomberg news, Amazon Inc. sports cards market invested in Dibbs. of WAX After sharing it on his official Twitter account, its price increased by 40%.
According to Bloomberg news, Dibbs received investment from Amazon Inc. with its new trading card trading service. Dibbs before Foundry Group, Tusk Venture Partners, Courtside Ventures, Founder Collective and companies such as Kevin Love, Chris Paul He also received $16 million investment from NBA players. Financial terms of Amazon’s involvement were not disclosed.
Dibbs in 2020; started listing high value cards into NFTs and chips so that anyone could own these assets. However, if the user wants to have a physical copy of the card, he must have all the parts of the product.
Vandenberg:
“Dibbs will expand into card games like Pokemon and Magic. We are also considering expanding on non-card categories. Cards are one thing, but only one thing. It can be much bigger than these cards.”
Sell With Dibbs allows users to earn income from their cards. After the card’s features are verified, the physical copy is sent to the company to be insured and kept in a safe. Once sent to the company, the card is added to the user’s personal account. The user decides for himself the pricing and how many parts the card will be divided into. Dibbs takes a 2.9% commission on all transactions made.
While Wax shared the development on his Twitter account today (December 8), Bloomberg announced the same development 6 days ago. WAXP price rose 40% after the sharing. At the time of news writing, WAXP price is trading at $0.61.