Dibbs already enjoys the backing of VCs

As interest in alternative assets rises, Amazon.com, Inc. invests in the Dibbs sports card market, joining the booming collections sector.

Founder Group, Tusk Venture Partners, Courtside Ventures, and Founded Collective together contributed around $ 16 million to Dibbs’ prior round of fundraising.

The company aims to go beyond sports cards

Dibbs began by offering cards for fractions traders and digitizing them with non-financial tokens, or NFTs, letting individuals to possess bits of rare collectibles that would otherwise be out of reach.

Dibbs will soon expand into card games like as Pokemon and Magic, and the firm is planning its first non-card categories, according to CEO Evan Vandenberg. “We build maps, but that’s not the only thing we do.” He remarked, “It may be much more than simply cards.”

Customers may monetize their own cards with the new Sell With Dibbs service, which delivers actual cards to the firm for insurance and storage after data verification. The item is subsequently added to the user’s account, where they may adjust the price and quantity. On all transactions, Dibbs imposes a fixed fee of 2.9 percent.

Traditionally, Amazon’s focus has not been on collecting. In the first half of this year, eBay Inc., an e-commerce competitor, sold over $ 2 billion in merchant cards on its site, making it the industry leader.