> For the complete documentation index, see [llms.txt](https://qp-protocol-limited.gitbook.io/lightpaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://qp-protocol-limited.gitbook.io/lightpaper/master.md).

# Welcome

![](/files/-MlBmjHVWIu6xCDtnCVt)

**QUIDD TOKEN**

The official token of the original digital collectibles & NFT marketplace.

**OVERVIEW**

* The QUIDD Token is the official utility token for the **Quidd** community of collectors, creators, and developers.
* Quidd is the original digital collectibles and NFT marketplace; for over five years, Quidd has facilitated the issuance, sale, and exchange of limited-edition, officially-licensed digital collectibles, **featuring more than 325 of the world’s most popular brands**, including **Disney**, **Game Of Thrones**, **Rick And Morty**, and more; digital collectibles on Quidd pre-date CryptoKitties by more than 18 months.
* Originally backed by **Sequoia Capital** and now part of the **Animoca Brands** family, Quidd serves over **7,000,000 mainstream digital collectors**, stores over 2.1B pieces of individually-serialized digital artwork, and facilitates over 6 transactions-per-second in its aftermarket.
* A fungible utility token built, QUIDD is the centerpiece of a new, Internet-native, cooperative economic system aimed at building ecosystem resilience and longevity; the token’s mission is to enable  “100 years of Quidd.”
* The total supply of QUIDD is fixed at 1,000,000,000 tokens.

**WHY IS NOW A GREAT TIME?**

* **The Physical Collectibles Market Is Booming.** The Global Sports Trading Card Market was valued at USD 13.83 Billion in 2019 and is projected to reach USD 98.75 Billion by 2027, growing at a CAGR of 23.01% from 2020 to 2027 (Verified Market Research).
* **More And More Of This Market Is Shifting To Digital, Led By NFTs.** NFT sales volume surged to USD 2.50 Billion in the first half of 2021 (Reuters) as total crypto wallet holders grew to 75 Million by July 2021 (Statista). 
* **Utility Tokens Are Essential Instruments To Nurture And Grow NFT Communities.** DeFi token hit USD 84 Billion in total locked value as of August 2021 (DeFi Pulse).