Collectibles.com Raises $5 Million Led By Blockchange Ventures
Collectibles.com, the platform creating the first Web3 community and marketplace for collectors, has announced a $5 million seed round, with Blockchange Ventures as the lead investor. Seed round backers included a mix of well-known VC firms, including Blockchange Ventures and GFR Fund and individuals like Peter Thiel and Blockwall Capital, as well as a few hand-picked private investors, advisors, and industry strategics.
Collectibles.com and its place in the digital collectibles market
Collectibles.com is developing the first Web3 collectible community and marketplace, powered by the Collectibles ProtocolTM and blockchain integration. The overall goal is to bring collectors together, empowering them, and better fulfilling their varied interests.
The business hosts a suite of services for managing collections, including a community, content, and commerce. With the goal of providing a unique and engaging experience for collectors of all backgrounds, interests, and degrees of skill, it combines cutting-edge technology with exclusive consumer benefits and the shared ideals that fuel collectors’ enthusiasm and motivations everywhere.
Integrating blockchain technology and smart contracts into the Collectibles.com community and marketplace will allow for more sophisticated features and better company operations. In the autumn of 2023, the platform will go live and begin laying the groundwork for a decentralised secondary market. This will provide a novel customer loyalty rewards structure to encourage adoption and propel major innovation throughout the enormous collectibles market.
Trading card collectors are adding thousands of cards every day, bringing the total worth of cards managed by the app to over $2 billion. The platform has over 250,000 registered users.
With their new financial and strategic alliances, Collectible.com plans to revolutionise the worldwide collectibles market for everyone from casual enthusiasts to sellers and large brand partners. In contrast to purely commercial apps, websites, and legacy marketplaces, Collectibles.com promises to bring together collectors from all over the world who share a love of collecting.