Dibbs.co NFT or Non-fungible token is a piece of digital media that can be owned, sold and traded on the ethereum blockchain. By using the blockchain every digital creation is issued (minted) with a unique digital id. Once anything is created on this ledger, it cannot be modified or censored by any single authority. That way a creator can ensure that only a limited number of signed authentic editions can ever be owned, ensuring scarcity and uniqueness of a digital creation.
This can also be a great tool for verifying the owner of digital assets. Digital ownership will have profound impacts on how Dibbs.co use the internet, build communities, and how to feel about the current set of platforms share our thoughts, photos, & videos on. There’s an entire new world of creation, ownership and monetization coming. Values of the tokens will also increase from the rise in cryptocurrency values as we will be investing ICO funds, and company profits into the leading cryptocurrencies and other investments.
As these accounts see gains they will stay in secured holding to create a greater total market cap. They expect to list the dibbs tokens on popular exchanges where their values will be able to rise according to supply and demand, however, to make for a truly safe investment opportunity they will be allowing token holders to initiate a buyback of their tokens after a five year period.
Dibbs.co Key Information
|Starting date||15th Mar 2018|
|Ending date||15th Jun 2018|
|Token Sale Hard Cap||TBD|
|Token Sale Soft Cap||TBD|
|Initial Token Price||1 token =$0.00000118|
|Accepts||USDT BTC ETH|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
Why are they so valuable?
One of the most confusing things, for some, is the problem that these digital assets sometimes exist in forms that are readily and freely available to others. Billionaire entrepreneur Mark Cuban compared his ownership of NBA Top Shot reels to his pastime hobby of collecting stamps and baseball cards. “Some people might complain that I can get the same video of Lebron dunking on the Internet anywhere any time and watch it,” he wrote.
“Well guess what, I can get the same picture on any traditional, physical card on the internet and print it out, and that doesn’t change the value of the actual card.” Digital goods, Cuban argued, are just as valuable as tangible physical goods, and operate on the same economic principles of supply and demand.
The (new) creator economy
Digital collectibles are not exclusive to the art world. Independent artists and musicians are championing NFTs as a viable model of digital ownership. In some cases, artists normally don’t earn royalties from future sales of their work. With NFTs, artists can ensure that they receive a predetermined share of royalties (usually 10 percent) from sales on the secondary market.
What’s a non-fungible token?
Think of them as digital certificates of authenticity. A non-fungible token, or NFT, is a unique, irreplaceable identifier created by an algorithm: Dibbs.co distinct barcode for a digital piece of art or collectible. It’s a solution of sorts to a problem that’s long faced digital artists: how to create scarcity for an item that can be infinitely reproduced.
Uniqueness is the reason (ok, one reason) that the Mona Lisa is priceless, while a signed and numbered Peter Max print of his version of the Mona Lisa is $5,500 and Mona Lisa posters are $9.95. Money is fungible, meaning that any dollar bill serves its purpose as well as any other one. Images of the same GIF or meme are fungible — unless yours comes with an NFT declaring it to be the “real” version.
How do they work?
Dibbs.co an artist wants to sell a work, they create, or “mint,” a NFT that will from then on stand as a claim on ownership for the piece. NFTs are registered on open blockchain ledgers, making it possible to track ownership (or as they say in the physical world, “provenance”), prior sales prices and the number of copies in existence. And the security provided by blockchain technology provides means that selling fake tokens is all but impossible, which can’t always be said of physical works even of famous artists.
What set off the boom in the market?
Dibbs.co could be just your run of the mill mania. The boom has coincided with steeply rising prices in Bitcoin and other cryptocurrencies that have padded the digital wallets of crypto investors, for many of whom digital art is just as real as a Rothko on the wall. Some are racing to get in on the ground floor of something they hope will become even bigger. Here’s why that idea might be, at least partially, grounded in reality: Since the beginning of the pandemic, the sports collectible market has undergone a similar boom.
A Mickey Mantle rookie card recently sold for a record $5.2 million, and auction houses are seemingly setting new records each month as people have flocked to at-home hobbies during lockdowns. For others, growing fears of inflation are a reason to diversify their investment portfolios. And pretty clearly, for some buyers it’s primarily about bragging rights.
What’s in it for the buyers?
Uniqueness. And security: Buying a token from a verified artist, seller or auction house allows them to purchase a work without fear of fraud or forgery. The question of authenticity has bedeviled even the most venerable of real-world art dealers: Manhattan’s Knoedler Gallery went out of business in 2011 after being sued for selling millions worth of sham paintings made by a forgery ring based in Queens.
Add to that that buyers of digital assets don’t have to worry about storage or preservation or fearing that they’ll accidentally put their elbow through a priceless work. And just like digital artists now being able to turn an unwitting public good into a private one, NFTs have made it possible for fans of the medium to actually purchase the works for the first time.
Does this matter outside of art and collectibles?
Yes. NFTs are being developed for more utilitarian uses. For example, Walmart Inc. uses the technology for managing the supply chain for the food it sells. One area that is often cited as ripe for tokenization is real estate, where proving ownership of a property can sometimes be a frustratingly complex ordeal. By putting NFTs representing titles on a blockchain, the need for title insurance could be made obsolete.