Quidd’s Fundraising Triumph

In a major win for the digital collectibles space, Quidd, a subsidiary of Animoca Brands, has successfully raised $5 million in private pre-sales and an initial DEX offering (IDO). This remarkable event has put them on the crypto map, proving that collectibles have gone beyond dusty shelves and into the digital realm.

IDO Insights

The token sale played out like a high-stakes poker game on November 3, hosted by Polkastarter, where an impressive 2 million QUIDD tokens were scooped up at a bargain price of $0.25 within just 60 minutes. This rapid sell-out brought in $500,000 and left potential buyers left scrambling to get their hands on the hot digital asset.

Private Sale Success

The excitement didn’t stop there. Earlier in the month, a private sale featuring Ethereum-based QUIDD tokens bolstered funding by an additional $4 million. Notable investors such as the Binance Smart Chain Growth Fund and Genesis Block Ventures were eager to jump on the opportunity, proving that the appetite for digital collectibles is stronger than ever.

Trading and Tokenomics

Following the successful IDO, traders flocked to PancakeSwap, a decentralized exchange on Binance Smart Chain, to buy and trade their QUIDD tokens for Wrapped BNB and various Animoca-owned tokens like Tower and REVV. As the trading frenzy escalated, the token’s value skyrocketed to $3.28, showcasing an astounding 1,212% increase from its IDO price. However, lurking around has been a 31.9% decline since its all-time high of $4.73.

The Future of Collectibles

Quidd is staking its claim as the first digital marketplace dedicated to buying and selling limited-edition, individual serialized collectibles. The QUIDD token acts as a vital utility token within the Quidd ecosystem, empowering collectors, creators, and developers. As Yat Siu, the firm’s executive chairman, aptly stated, it represents the “evolution of collectibles into digital formats.”

Chain-Agnostic Innovation

Adding another feather in its cap, Quidd has positioned itself as a “chain-agnostic” platform. This means collectors can mint their collectibles across various networks, including Ethereum and WAX. Holders of the QUIDD token even gain voting rights on critical decisions regarding Quidd’s content and budget allocation.

With a marketplace housing 7 million users and more than 2.1 billion pieces of non-fungible artwork, Quidd is not just another passing fad in the crypto world—it’s paving the way for the collectibles of tomorrow!