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Solana startup aims to plug $50B leak in the collectibles market
Cointelegraph
2022-12-06
3392
Industry
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Summary:Valuable physical collectibles — from precious stones to baseball cards — have always been highly sought after. While the digital age has reduced some
Precious physical collections - from crystals to basketball cards - have always been popular. Although the digital era has reduced some trading frictions in the collection market, the high fees of e-commerce giants have seriously diluted the profits of collectors. In addition to transportation risks and hidden fraud, this obstacle limits the real increase of combustibility of the collection market.
Today, a new project called "Collector" is under independent innovation based on Solana's new project. This project plan saves billions of dollars for collectors by changing the interaction form between collectors and precious collections.
The collector's digital market has created a flexible global insurance deposit and hierarchical classification partner Internet using the blockchain application. Before the release of classified cards in the fourth quarter of 2022, the public beta program of collectors will be released to eager consumers this month. Learn more about the data of this opportunity and the position information of the exclusive messenger of its hot credit card collectors here.
For collectors who pay 10% to 15% for biting their fingers during busy transportation, this new channel is worth celebrating; The service commitment of the collector will greatly reduce the capital risk and reduce the cost by 95%. For investors who are more familiar with the digital space of stocks and digital currencies, such a new collection trading rule is more attractive than ever before.
How big is the online collection market?
Bank credit card agent
The collection market is competed by the largest market on the network. Yibei is a high-end website for foreign exchange dealers in collectibles. In the first quarter of 2021, Yibei released the bidding transaction of 2000 new transaction cards of Yinma Town. The product turnover during this period was about 1 billion dollars.
PWCC is another key game player, offering suicide by jumping from a building and market services, especially the rating card. At present, there are more than 500000 items in its fresh-keeping warehouse.
Alt is a new participant in the jump code field, and raised 75 million dollars at the end of last year. Like PWCC, Alt provides customers with storage and market services in addition to loans secured by commercial insurance deposits.
However, there are some essential problems in the current system. For example, individual sellers on eBay can pay 13.4% of the total sales, excluding other fixed landing fees. Even with such a high fee, customers must still visit the fraudulent directory and fraudsters. PWCC and Alt have both brought collectors a higher safety factor than eBay, but they still lack worldwide popularity in a real sense. EBay has also set up its own fresh-keeping warehouse to compete with the market with an asset plan of US $3 billion in a few years
$50 billion solution to problems
Collectors are making efforts to take a step forward, developing a system software based on Solana, integrating physical line vaults around the world into a fragmented, token enhanced market, and providing nearly real-time trading clearing internationally
The blockchain technology primitives that have been developed by the collector include physical roads and bridges, blockchain technology markets and mortgage loan agreements. From the current non convertible modern currency (NFT), Collector will add power to its service platform and call it "pNFT" to express its physical and numerical characteristics, and each token is closely related to the new physics project it represents.
Collectors have also launched a local digital currency called COLL, which unlocks the animation pNFT garden, fee discounts and other services. With COLL, users can pay as low as 0.5% of the cost. Compared with eBay, the cost is reduced by 95%. For investors looking for open collections, the liquid pNFT market has created a unique and good opportunity to rapidly accumulate such property.
Orion Depp, managing partner of Master Ventures Investment Management, Agree with this view: "Few NFT new projects can appreciate their tokens. Stepn (GMT), the leader of the field, is an example of a successful new project that has gained use value from the real world process. A collector may be a similar and highly irregular opportunity, because he has used the $700 billion collection sub industry, and at the same time brought about a market feeling similar to OpenSea or Solana's Magic Eden."
Unlike its competitors, Collector has been building a market for blockchain technology from the very beginning and has developed an earth breaking road map to build a global network of trusted vault and hierarchical partners. The collector's token encourages the ecosystem to put the community first and let them control the future development of the terminal.
About the collector
Collectors can closely combine the entity use right with Solana's Web3 data market, and have changed the collection market. This means that, compared with the phenomenon that millions of collectors now buy and sell trillions of dollars every year in the world, the duration, fraud, risk and cost are as little as possible.
Collectors' local token COLL is distributed as a return and releases all the development potential on the platform. This includes discounts, equity premium performance and remediation rights.
For additional information about the collector, please visit collectorcrypt.com. To become a beta tester and future ambassador, please go to collectorcrypt.com/betapr now.
liaison
Micky Irons, the top news media officer of Collector: micky@collectorcrypt.com , Tweets, LinkedIn, Instagram Collectors: TweetsDisclaimer:As an open information publishing platform, shilian only represents the author's personal views and has nothing to do with shilian. If the article, picture, audio or video contains infringement, violation or other inappropriate remarks, please provide relevant materials and send it to: 2785592653@qq.com.
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