This Recent Amazon Investment Is Growing Like Wildfire on WAXJust when you thought collecting your favorite items was becoming a lost art, the blockchain arrived, and collecting will never be the same!Enter <a href="https://dibbs.app.link/Wax-PR" rel="noopener noreferrer nofollow">Dibbs</a>, one of the fastest-growing and exciting projects on the WAX Blockchain. It’s so full of possibility that even <a href="https://www.bloomberg.com/news/articles/2021-12-02/amazon-invests-in-trading-card-platform-as-collectibles-boom" rel="noopener noreferrer nofollow">Amazon has recently jumped in as an investor</a> for an undisclosed amount.This comes after the company <a href="https://www.bloomberg.com/news/articles/2021-07-27/chris-paul-kevin-love-invest-in-sports-card-marketplace-dibbs" rel="noopener noreferrer nofollow">raised about $16 million from venture firms Foundry Group, Tusk Venture Partners, Courtside Ventures and Founder Collective</a>. It also has a group of athlete investors, including the NBA’s Chris Paul and Kevin Love.Today the innovative platform helps collectors extend their passions by lowering the barrier to entry to various collectibles — including highly-valued cards — by enabling fractions of those cards to be bought and sold.For example, say there’s a super rare Tom Brady or Pokémon card that has been owned by a single collector for years and years. Via Dibbs, the owner of that card can sell a portion of it to other like-minded collectors, which allows more people to enjoy the thrill of owning a piece of the card they love.We sat down with Dibbs’ co-founder Evan Vandenberg so that we can help our community better understand the platform and learn more about the vision behind it.It All Started with a PassionAs a youngster, Evan had a love for collecting physical cards including sports and entertainment-oriented cards (we’re talking Star Wars, Pokemon, Sports Cards and more).It became apparent to Evan and his co-founders that many collectors would love to own extremely rare collectibles, but collecting at that level can undoubtedly be cost-prohibitive.So, they asked the question, “What if a collector could own a fraction of the items they love most and benefit from others’ interest in the same kinds of items? What if we could inject new life into a card that was originally sitting on a shelf or locked in a security deposit box?”That’s Dibbs in a nutshell.In terms of the blockchain, it’s one of a handful of technologies that converged to make Dibbs possible in the last few years and owning part of a collectible is much like owning a fraction of a Bitcoin or Ether. You may not be able to shovel out the wad of cash needed for a whole coin, but thankfully you can still own a piece of your fandom on virtually any budget.How to Start Collecting on DibbsYou have the ability to buy fractions of cards and/or sell fractions of the cards you own.All cards are housed in a secure vault until a collector decides they want to obtain 100 percent ownership on Dibbs. Once you have 100 percent ownership of an asset, you can take custody of the physical collectible.Getting started is a four-step process:Step #1 — Download the Dibbs mobile app or use the web app on any supported browser.Step #2 — Create an account using SSO or email/password.Step #3 — Follow the prompts to complete sign up.Step #4 — Get collecting!When you start diving into collecting, there is a 2.9 percent <a href="https://dibbs.io/fee-schedule" rel="noopener noreferrer nofollow">fee for purchase</a> and sell orders.Want to Fractionalize a Card You Own?Dibbs is currently accepting all trading cards currently that are trading on the platform that are authenticated<a href="https://www.psacard.com/services/tradingcardgrading" rel="noopener noreferrer nofollow"> and graded</a>.All you have to do is search the Dibbs Market, find an asset you want to sell, submit your own asset — and then you have the power to fractionalize and monetize that card as you’d like. <a href="https://dibbs.io/sellwithdibbs" rel="noopener noreferrer nofollow">Click here for full details</a>.Why Dibbs Built on WAXAccording to Vandenberg, “building on WAX was a no-brainer. We were working with Ethereum in the beginning, but it was simply not economical for our business, due to gas fees. We wanted to accomplish our goals in the most cost-effective manner possible, and thankfully WAX’s simple, no gas fee economics and NFT infrastructure made a lot of sense.”

Community Spotlight: Dibbs

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