Wow. The only word that comes to mind is wow. If you don't live in a cave, then you've probably heard of Amazon. It's also highly likely that you've ordered a product or maybe even your groceries via Amazon. Boy I know I have. Amazon has been a life saver. I hate going out to shop. Well now, Amazon is entering the NFT space. If this isn't mainstream adoption, I don't know what is. With AMC Theatres giving WAX NFTs to stockholders and recently giving WAX NFTs to people who bought tickets to the new Spider-Man movie, something is pretty clear to me...
Amazon invests in DIBBS.io
If you wanna read the full source article you can go here Amazon invests in Dibbs.io. So what does this mean exactly? Amazon has show its interest in digital collectibles, NFTs, and has made a strategic investment that could directly impact WAX. Dibbs is a "real time fractional card market" that allows users to trade fractions of high-value cards by turning them into NFTs. So you want that $100,000 baseball card but can't afford the whole thing? Now you can own a piece of it and collect the other pieces over time. Once you get all the pieces, you're able to physically redeem the NFT for the actual card. Pretty fuckin cool, right? I mean, Amazon sees the value here, so that is a good indicator that we could start seeing NFTs directly on Amazon in the future.
I think this platform is doing some amazing things. I can see this being done for all kinds of rare collectible cards. Combining those with the NFT and blockchain technology of WAX, you have a pretty amazing opportunity. Even if you don't care to collect all the pieces of a card, you can trade them. You know, buy at one price then sell at another. Usually buy high, sell low lol.
If Dibbs interests you and you wanna start collecting, you can sign up and make a deposit of $20 to get your first pack of cards free.
Just like stated in the article. Cards are one thing but it can be much bigger than that. Imagine a fine arts collector acquired a Van Gogh painting and wanted to sell fractions of it? Well now they can by minting it as a fractionalized NFT. This would allow fine art collectors to trade portions of fine art without spending millions of dollars on the whole thing. The physical asset is verified and sent to Dibbs to be stored in a secure vault. The rest is done on the blockchain.
There's tons of ways this could be used and with Amazon investing, I believe in it even more. Not that I'm a huge fan of Jeff Bezos or Amazon as a company itself.... But that's not the point. I'm strictly looking at how this could help the WAX blockchain grow in a huge way. It's already the best blockchain for NFTs. I'd just love to see more projects using it instead of chains that just aren't NFT efficient cough Ethereum cough.
What do you think of this investment?
lemme know.