Amazon invests in fractional sports trading card, NFT marketplace Dibbs
'Amazon is getting into sports collectibles by investing in fractional marketplace Dibbs, which recently launched a feature allowing users to sell stakes in their items with each other.
The terms of Amazon's investment have not been made public, but Dibbs did raise US$16 million in Series A funding in July.
Among Dibbs' investors are Foundry Group and Tusk Venture Partners and athletes Channing Frye, Chris Paul, Kevin Love, DeAndre Hopkins, Kris Bryant, and Skylar Diggins-Smith.
As large sums are involved, some sports collectibles have become prohibitive to potential buyers and minimize the market for owners who wish to monetize their assets.
Dibbs was founded in 2020 to offer fractional shares of cards and NFTs, making it more affordable to participate while letting collectors unlock value without ceding total ownership.
Dibbs stores and insures any card listed on the platform and charges a 2.9 percent commission per transaction.
If anyone acquires a 100 percent stake in an asset, they can take possession and ship it to their home.