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Quidd, NFT Marketplace Gets $5M Raised From Animoca Brands

Quidd is a marketplace for digital collectibles and a subsidiary of Animoca Brands. Also, which raises a total of $5 million in private pre-sales and an initial DEX offering (IDO).

Furthermore, The token sale is on Polkadot project incubator Polkastarter on Nov. 18.

Notably, The distribution of 2 million QUIDD tokens at a price of US$0.25 per token sells out in under an hour. Thereby, raising $500,000.

Also, Earlier this month, the private sale of the Ethereum-based QUIDD tokens raises US$4 million from investors. Which of course, includes Binance Smart Chain Growth Fund, Genesis Block Ventures. Then, Kingsway, Mind Fund Group Ltd, Sanctor Capital, OneFootball, and other investors.

Furthermore, 1,001 vouchers sells out in 22 minutes, during the Nov. 3 pre-sale on the Animoca Brands’ Launchpad. Of course, each voucher costs around $500. Then, sum it up to a total value of $500,000. More so, The vouchers are for redeeming 2,500 QUIDD tokens after May 3, 2022.

Lastly, The current price is $3.28, making 1,212% increase from the IDO price of $0.25. However, It’s seeing a decline of 31.9% from the all-time high of $4.73 on Nov. 20. Also, it has is a total supply of one billion tokens.

“Quidd is the first marketplace built for buying and selling limited-edition,…”
“individually serialized digital collectibles…”
“The QUIDD token is the ERC-20 utility token for the Quidd community of collectors, creators, and developers.”

— Animoca Brands (@animocabrands) November 19, 2021

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