Economics

The native asset for a cooperative, inclusive, and decentralized collectibles economy that lasts 100 years.

As explained earlier, the introduction and scaling of both Quidd’s off-chain, cash-based aftermarket and its minting capabilities enabling collectors to mint what they want as NFTs to the chain they want, is done, in part, for the world of digital collecting to achieve parity with the world of physical collecting.

In other words, Quidd believes that if collectors can make money collecting physical trading cards, then collectors should be able to do the same with digital trading cards. And if they can turn their physical trading cards into family heirlooms, passing them down from generation to generation, they should be able to do the same with digital equivalents

In this way, Quidd is pegging digital collecting to the existing world of physical collecting. But, also as explained earlier, the world of physical collecting is imperfect.

It is in this environment that Quidd is introducing the QUIDD Token. The QUIDD Token is the core asset of a new, Internet-native economy that seeks to reimagine collecting by addressing its underlying motivations. This is the jumping off point where digital collecting, led by Quidd, surpasses physical collecting.

In other words, now that Quidd has caught up to physical collecting, it will use the QUIDD Token to blow past it.

The QUIDD Token is a tool for a transformation of business model for the entire collectibles economy. As for why that is important, here is how Fred Wilson of Union Square Ventures describes both the importance of new business models and of tokens in making that happen:

I believe that business model innovation is more disruptive that technological innovation. Incumbents can adapt to and adopt new technological changes (web to mobile) way easier than they can adapt to and adopt new business models (selling software to free ad-supported software). So this new protocol-based business model feels like one of these “changes of venue” as my partner Brad likes to call them. And that smells like a big investable macro trend to me.

In this emerging model, Twitter could have adopted a protocol-based approach and issued a crypto-token, Twokens, that users could earn from things like amassing followers, reporting abuse, etc. Twokens could also be sold by the Twitter founding team to finance their operations. Crypto-exchanges could make a market in Twokens so that anyone who wanted to speculate on the future value of the Twitter protocol could do so.

The QUIDD Token has several important characteristics that make it the ideal currency for a more cooperative, inclusive, and sustainable collectibles economy, one that the world of cardboard or plastic simply cannot match.