WTF Is the Quidd?
At this point, you have at least heard of NFTs.
How couldn’t you?
The NFT market went completely parabolic.
It generated over $2.5 billion in sales volume only in the first half of 2021. That surge in volume generated huge interest.
One of the first NFT marketplaces, Quidd, just launched the QUIDD Token. It will be the native token of the Quidd marketplace.
In this article, you’ll learn everything about Quidd and its token. Is it a cash grab or a legit project?
Read on to find out.
What’s the Quidd marketplace and its native token?
Quidd is the first marketplace for digital collectibles and NFTs. The first collections on it pre-date CryptoKitties with more than 18 months.
As of now, Quidd has more than 7 million users. It stores over 2.1 billion collectibles and allows more than 6 transactions per second on its aftermarket.
Back in 2016, when no one had heard of NFTs, Quidd launched as a free-to-play mobile app. It allowed collectors to create an account, use in-app purchases to buy virtual currency for their wallets, so they can use it to purchase digital trading cards, toys and other collectibles and add them to their collection.
They could even trade these collectibles in the Quidd’s aftermarket. The app allowed users to buy their first digital collectible in 60 seconds. Since its creation, Quidd invented tons of features that are now used by most NFT marketplaces.
Here are a few of them:
- Allowing different artists to issue their own licensed digital collectibles.
- Supporting mobile-optimized 3D models for animated figures.
- Allowing users to pinch, zoom, rotate, swipe and flick digital trading cards and other 3D objects in the marketplace.
- A print count that represents the total number of copies of an item. This count can’t be changed, so it makes the supply of each collectible fixed.
- Each item has a unique serial number.
- Each item’s metadata is public, so the community can verify whether or not an item is original.
But the real game-changer was allowing users to carry their entire collection in their pocket.
While other marketplaces were looking to offer new NFTs on their platform, Quidd got 325 partnerships with some of the biggest media brands in the world, such as:
Most recently, Quidd opened a private beta for user cash accounts. It allows collectors to fund their account with a debit card, withdraw funds via PayPal and sell any item from their collection for cash.
What makes Quidd unique?
We have to start with their vision. The goal of Quidd is to be the go-to marketplace for digital collectibles for the next 100 years. The company calls it “100 years of Quidd.” This shows that the team is here for the long run. The recent inclusion of the cash account is another step towards the “100 years of Quidd” goal.
Also, Quidd goes after a huge market - digital collectibles. It was worth $372 billion in 2020. And with the recent rise of NFTs, the entire industry is going to become a lot bigger.
What’s the utility of the QUIDD Token?
The QUIDD Token will align the incentives for both Quidd’s collectors and additional participants, including artists, retailers, producers, rights-holders. It’s the official token of the Quidd community, and it has one simple goal - to sustain the community over the next century.
The QUIDD Token will:
- Help collectors earn more QUIDD by performing certain activities that generate long-term value for the entire community.
- Provide holders with discounts on aftermarket sales fees and exclusive buying windows.
- Give the stakers of the token access to more tools and services like volume discounts on sales fees.
- Fully integrate with the cash wallet in early 2022, allowing users to price and settle their transactions in QUIDD Token instead of fiat.
- Provide token holders with governing rights. They can vote to determine how Quidd’s funds are deployed.
The total supply of QUIDD is 1 billion tokens. They were minted at one time, and there won’t be any other minting or burning of tokens.
Who’s behind Quidd?
The Founding Team
The CEO of Quidd is Michael Bramlage. He is the former VP of Digital at Topps. In that role, he created a franchise that grossed more than $125 million in digital trading card revenue. Michael was also the former head of product for Nokia’s mobile app store. He launched and scaled their marketplace to 3.6 billion annualized downloads.
The VP of Engineering at Quidd is Timothy High. He has 25 years of software development and software architecture experience. Timothy was the former CTO of PagPop, one of the leading online payments providers in Brazil.
Right now, Quidd has 11 team members spread all over the world. The team has more than 20 years of experience in the collectibles market.
- Yat Siu, the co-founder and CEO at Animoca Brands.
- Robby Yung, the CEO of Animoca Brands
- Sherman Lee, the co-founder of Raven protocol.
- Mark Cheng, a partner at Mind Fund Group.
Quidd was originally backed by Sequoia Capital and is now part of the Animoca Brands family. Yat Siu led the acquisition of Quidd in 2020. His goal is to turn Quidd into a blockchain-based marketplace filled with thousands of branded NFTs.
Animoca Brands’ track record is more than impressive. They have invested in almost all successful NFT and gaming companies like:
- Dapper Labs - the company behind CryptoKitties and NBA TopShot.
- The Sandbox - a decentralized virtual world game similar to Minecraft.
- F1 Delta Time - the official blockchain-based game of Formula 1.
- OpenSea - the first and largest NFT marketplace.
- Axie Infinity - one of the most popular and successful blockchain games.
Quidd and its native token have huge potential. For one, there’s already a working product - the Quidd marketplace. You could go on their website right now, log in and start purchasing digital collectibles. This gives Quidd a huge advantage over its competitors.
Also, the founding team, its advisors and investors have massive experience in the crypto space. This makes Quidd one of the most promising projects in the crypto and NFT space.
You should definitely keep an eye on the QUIDD Token.
Disclaimer for The Arcane Bear
If you require any more information or have any questions about our site’s disclaimer, please feel free to contact us at our help desk email@example.com
Disclaimers for www.arcanebear.com
All the information on this website is published in good faith and for general information purpose only. www.arcanebear.com does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information you find on this website (www.arcanebear.club), is strictly at your own risk. www.arcanebear.club will not be liable for any losses and/or damages in connection with the use of our website.
The information provided a The Arcane Bear and accompanying material is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.
The Arcane Bear does not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, The Arcane Bear disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.
Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.
From our website, you can visit other websites by following hyperlinks to such external sites. While we strive to provide only quality links to useful and ethical websites, we have no control over the content and nature of these sites. These links to other websites do not imply a recommendation for all the content found on these sites. Site owners and content may change without notice and may occur before we have the opportunity to remove a link which may have gone ‘bad’.
Please be also aware that when you leave our website, other sites may have different privacy policies and terms which are beyond our control. Please be sure to check the Privacy Policies of these sites as well as their “Terms of Service” before engaging in any business or uploading any information.
By using our website, you hereby consent to our disclaimer and agree to its terms.
Should we update, amend or make any changes to this document, those changes will be prominently posted here.
Thank you, you have no become a part of the development of our new trading space together.
For this, we are extremely Grateful!
The Entire Bear Council
The information on this site is for educational purposes only and is not investment or financial advice. Please do your own research before making any investment decisions. None of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any cryptocurrency or other transaction.
Cryptocurrency investments are volatile and high risk in nature.
Don't invest more than what you can afford to lose.
We are not paid to do any reviews, but we do take positions in projects that we believe are promising.
Arcane Bear makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this website or any sites linked to or from this website.
Terms and Conditions
PLEASE READ THESE TERMS AND CONDITIONS ("TERMS") CAREFULLY BEFORE USING THE SERVICES DESCRIBED HEREIN.
BY UTILIZING THE WEBSITE LOCATED AT www.arcanebear.com ("WEBSITE") AND PRODUCTS THEREIN, YOU ACKNOWLEDGE THAT YOU HAVE READ THESE TERMS AND CONDITIONS AND THAT YOU AGREE TO BE BOUND BY THEM. IF YOU DO NOT AGREE TO ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT, YOU ARE NOT AN AUTHORIZED USER OF THESE SERVICES AND YOU SHOULD NOT USE THIS WEBSITE OR ITS PRODUCTS. ARCANE BEAR RESERVES THE RIGHT TO CHANGE, MODIFY, ADD OR REMOVE PORTIONS OF THESE TERMS AT ANY TIME FOR ANY REASON. WE SUGGEST THAT YOU REVIEW THESE TERMS PERIODICALLY FOR CHANGES. SUCH CHANGES SHALL BE EFFECTIVE IMMEDIATELY UPON POSTING. YOU ACKNOWLEDGE THAT BY ACCESSING OUR WEBSITE AFTER WE HAVE POSTED CHANGES TO THESE TERMS, YOU ARE AGREEING TO THE MODIFIED TERMS. THIS DISCLAIMER OR ANY OTHER DOCUMENT, PRODUCED AND SIGNED BY ARCANE BEAR, DOES NOT CONSTITUTE AN OFFER OR SOLICITATION TO SELL ANY SHARES OR SECURITIES OR THE PRODUCTS OFFERED THERETO. NONE OF THE INFORMATION OR ANALYSES PRESENTED ARE INTENDED TO FORM THE BASIS FOR ANY INVESTMENT DECISION, AND NO SPECIFIC RECOMMENDATIONS ARE INTENDED, AND ARCANE BEAR SERVICES AND THE WEBSITE ARE NOT, DO NOT OFFER AND SHALL NOT BE CONSTRUED AS INVESTMENT OR FINANCIAL PRODUCTS. ACCORDINGLY, ARCANE BEAR DOES NOT PROVIDE INVESTMENT ADVICE OR COUNSEL OR SOLICITATION FOR INVESTMENT IN ANY CRYPTOCURRENCY AND/OR SECURITY AND SHALL NOT BE CONSTRUED IN THAT WAY. ARCANE BEAR EXPRESSLY DISCLAIMS ANY AND ALL RESPONSIBILITY FOR ANY DIRECT OR CONSEQUENTIAL LOSS OR DAMAGE OF ANY KIND WHATSOEVER ARISING DIRECTLY OR INDIRECTLY FROM: (I) RELIANCE ON ANY INFORMATION PRODUCED BY ARCANE BEAR, (II) ANY ERROR, OMISSION OR INACCURACY IN ANY SUCH INFORMATION OR (III) ANY ACTION RESULTING THEREFROM, (IV) USAGE OR ACQUISITION OF PRODUCTS, AVAILABLE THROUGH THE WEBSITE.
Arcane Bear retains all right, title and interest in all of our intellectual property, including inventions, discoveries, processes, marks, methods, compositions, formulae, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyrights or patents based thereon. You may not use any of our intellectual property for any reason, except with our express, prior, written consent.
All content included on the Website and associated products and services, such as, but not limited to, text, graphics, logos, and images is the property of Arcane Bear and protected by copyright, trademark and other laws that protect intellectual property and proprietary rights. You agree to observe and abide by all copyright and other proprietary notices, legends or other restrictions contained in any such content and will not make any changes thereto.
Access to the Website
The Arcane Bear Website is provided without warranty of any kind, either express or implied. We do not represent that the Website will be available 100% of the time to meet your needs. In case of interruptions we take all reasonable actions to provide you with access to the Website as soon as possible, but there are no guarantees that access will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information. We may suspend use of the Website at any time for maintenance.