Amazon has decided to invest in innovative start up, Dibbs. A new form of NFT marketplace that merges high-tech digital assets with old school physical collectibles.
Dibbs’ innovative model involves storing real world collectibles in secure vaults, while ownership is fractionalized using blockchain-based smart contracts. Buyers can then purchase segments of these high value assets, and trade them freely on the Dibbs marketplace. If a collector acquires 100% ownership, they will then have the right to claim the physical collectible. As a result, this incredible initiative will lower the entry point for would be collectors and investors, and potentially create a whole new fanbase for these sought-after items.
In addition, Dibbs also provides a service for users to sell their own collectibles on the platform. As such, they must first undergo a verification process, before sending the item to the company. Dibbs will then insure and store the asset, and add it to the users profile. Following this, they are then free to fractionalize and price the item to their liking. Once in the system, Dibbs will then take a flat 2.9% commission on all transactions.
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