DAFI Protocol to Power Quidd, the World’s First Digital Collectibles Marketplace
TL;DR:
- DAFI Protocol teamed up with Quidd to bring programmable rewards into the NFT universe.
- The world’s first digital collectibles marketplace will introduce synthetic dQUIDD rewards to incentivize digital art collectors, creators, and developers.
- Quidd is well-positioned to encourage user acquisition and long-term commitment with a self-sustainable token economic engine.
We’re very excited to announce that we have partnered with Quidd to bring our Staking 2.0 economic module to the NFT sector. The world’s first digital collectibles marketplace aims to create a self-sustainable ecosystem to incentivize digital art collectors, creators, and developers with synthetic dQUIDD rewards.
Programable Rewards for Digital Collectibles Market
DAFI Protocol has created an intelligent token distribution model that can be plugged into new and existing NFT ecosystems. By integrating synthetic dToken rewards, decentralized economies make circulating supply reactive to market conditions in a bid to encourage user acquisition and long-term commitment.
Programmable rewards are essential in the NFT sector to bolster the qualities that contribute to the financial utility of digital collectibles.
Quidd plans to take advantage of Staking 2.0 to give more power to $QUIDD holders. The new monetary policy powered by DAFI is designed to align incentives across ecosystem participants, empowering collectors and making the network market-resilient during periods of low demand. With dQUIDD rewards, digital art collectors, creators, and developers can work collaboratively to ensure that new releases are accretive to the overall market’s value.
Michael Bramlage, CEO at Quidd, affirmed there is a need for content creators, software developers, and digital collectors alike to be motivated and receive commensurate benefits in return for the value they contribute to the network. The goal is to create a community of $QUIDD holders that earn more rewards by performing activities that create long-term value instead of solely through trading the token.
Therefore, it was crucial for Quidd to partner with DAFI Protocol to ensure that early adopters and collectors are adequately rewarded for supporting the long-term growth of the digital collectibles marketplace.
DAFI Protocol’s founder Zain Rana maintains that $QUIDD holders are composed of collectors, artists, brands, creators, and developers who play an essential role in the Quidd ecosystem. So a dynamic incentive program that implements a self-sustainable token economic engine is needed to develop activities that promote long-term commitment and transform these market participants into collectible business builders.
“Quidd wants to encourage community members to build integrated apps, games, and metaverses by giving them access to tools and services, including bidding on wholesale purchases, storefront analytics, and volume discounts on sales fees. With dQUIDD rewards, we believe that the network will bootstrap growth and attract more adopters, eliminating opportunistic actors. $QUIDD holders will be able to grow alongside a digital collectibles marketplace that can adapt to the stress of the network to support reduced inflation,” said Rana.
About Quidd
Quidd is the original digital collectibles and NFT marketplace. For over five years, Quidd has facilitated the issuance, sale, and exchange of limited-edition, officially licensed digital collectibles, featuring more than 325 of the world’s most popular brands, including Marvel, Disney, Game of Thrones, Rick and Morty, and more.
Medium | Twitter (QUIDD Token) | Twitter (Quidd Platform) | Discord
About DAFI Protocol
DAFI reinvents how every decentralized network is rewarded. By creating synthetics pegged to different decentralized networks, every blockchain and cryptocurrency can create a dToken flavor to reward their early users while enhancing scarcity when demand is low.
Our mechanism rewards a network even when demand declines by issuing synthetics that will reward users later — instead of earlier. This approach will change the foundation of all staking, liquidity, and even social reward systems for the entire decentralized world.
To learn more about DAFI Protocol, please follow us on Twitter and keep an eye on the Medium news page for new announcements. Don’t forget to join the vibrant community on Telegram.
