OT: Quidd picks up $6.75M seed round to make digital collectibles ‘a thing’
mercurydimeguy
Posts: 4,625 ✭✭✭✭
mercurydimeguy
Posts: 4,625 ✭✭✭✭
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Who's the first to purchase a virtual coin? I can see the appeal to maybe kids, but someone buying into it as noted they sold 100 million items. Wow.
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Best luck for their venture and best luck for their angel money investor(s). I had a hard time to understand what virtual collectibles are? How do you authenticate them
Easy. Blockchain (like bitcoin) or a centralized repository. What you are buying is a digital certification linked to some kind of proof of ownership.
Value is a different think. Bitcoin has value because the number of them is limited. So the pool of interest chasing a pot of availability pushes the prices up.
In the case of a 'registry' type service, the value comes from your word that there is only one. Or only 10 or whatever.
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