Collectibles.com Secures $5 Million Seed Round to Build the World’s First Web3 Community and Marketplace for Collectors

Collectibles.com Secures $5 Million Seed Round to Build the World’s First Web3 Community and Marketplace for Collectors

Collectibles.com, a platform dedicated to connecting, inspiring, and better serving collectors of all interests, has recently announced the successful completion of its $5 million seed round, led by Blockchange Ventures. The company aims to build the world’s first Web3 community and marketplace, leveraging the Collectibles Protocol™ and blockchain integration, to drive innovation within the estimated $500 billion global collectibles market. By combining advanced technology, unique consumer rewards, and a shared passion for collecting, Collectibles.com plans to offer an exciting and inclusive experience for collectors of all levels.

The seed round attracted support from esteemed venture funds such as Blockchange Ventures, GFR Fund, Peter Thiel, and Blockwall Capital, along with select private investors, advisors, and industry experts. Notable investors also include serial entrepreneurs and technologists like Adam Jackson, CEO of Braintrust; Sean Cohan, former Chief Growth Officer at Nielsen; Trevor Traina, CEO of Kresus and respected collector; Vinny Lingham, CEO of Waitroom and Shark Tank SA; and Hollywood actor and collector, Orlando Bloom.

As the leading brand domain in its category, Collectibles.com aims to become the go-to destination for the currently fragmented world of collecting by prioritizing the needs and preferences of collectors. Unlike existing apps, websites, and traditional marketplaces that focus solely on transactions, Collectibles.com will feature a robust and interconnected community that unites collectors globally based on their shared interests and passions.

The platform will introduce several unique features, including beneficial user rewards for community contributions, a powerful collection management application for organizing and valuing collectibles, AI and ML technologies for accurate collectibles data, proprietary Collectibles Protocol™ and blockchain integration for a more efficient and transparent marketplace, data-driven asset valuation based on historical sales data from over 30 sources, community social profiles to showcase collections and foster engagement, personalization and recommendations based on individual preferences, category-specific discussion groups, curated content, and educational resources.

Collectibles.com Co-Founder and CEO, Alex Ivanov, expressed the value and demand for innovation within the collecting community, stating that expanding into other collectibles verticals is a natural progression. By combining the power of the collectibles community with the promising capabilities of Web3 technology, Collectibles.com aims to revolutionize the way people buy, sell, trade, and manage their collections.

Since its proof-of-concept launch in 2021, focused on trading cards and attracting over 250,000 registered users, Collectibles.com has witnessed exponential growth with collectors adding tens of thousands of items per day, currently valuing over $2 billion of cards under management. The upcoming launch of Collectibles.com will expand its offerings into several new verticals, including comic books, coins, stamps, memorabilia, and more.

Dietrich von Behren, Co-Founder and Chief Business & Strategy Officer at Collectibles.com, emphasized that collecting represents more than just buying, selling, or investing for many enthusiasts. It embodies a profound passion and personal motivation that connects them to a larger community and is often passed down through generations. With the new round of funding and strategic partners, Collectibles.com plans to introduce industry-changing innovations to the global collectibles industry, catering to casual hobbyists, sellers, and major brand partners.

Scheduled to launch in the fall of 2023, Collectibles.com is building an ecosystem for a decentralized secondary market. The platform is being developed with blockchain integration and smart contracts to enable advanced functionality and optimize commerce. Additionally, it will introduce a unique customer loyalty rewards system to incentivize adoption and drive significant innovation within the vast collectibles industry.

Ken Seiff, Managing Partner of Blockchange Ventures, expressed belief in the transformative power of blockchain technology for future marketplaces, especially those with existing communities. He stated that adding the economic layer of blockchain to a social network will catalyze growth and commerce in novel ways. In the case of Collectibles.com, he expects it to better serve collectors globally, who represent a multi-hundred billion dollar asset class.

About Collectibles.com

Collectibles.com is Powered by Passion™ and aims to build a premium destination and resource for the passionate collector community worldwide. The platform allows enthusiasts of all levels to share expertise and experiences centered around their common interest in collectibles, ranging from Mickey Mantle to Mickey Mouse and everything in between. By developing the world’s first Web3 community and marketplace for collectors, Collectibles.com is creating a more engaging, integrated, and trusted consumer experience across all verticals. The platform offers collection management tools, community engagement, curated content, and commerce opportunities, providing a powerful platform for current and future collectors. To pre-register and reserve a custom username and profile, visit www.collectibles.com. For additional news and information about Collectibles.com, visit blog.collectibles.com.