Animoca Brands’ NFTs Platform Quidd Raises $5 Million

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Quidd, a digital collectibles platform and subsidiary of Animoca Brands, has just raised $5 million through the private sale, presale and IDO of the QUIDD token.

The initial placement of QUIDD took place last November 18, 2021 on the decentralized exchange (DEX) Polkastarter. In less than an hour, around 2 million QUIDD tokens were sold at a price of $0.25 per token, which has generated a total of $500,000.

The company has previously raised through the private sale of QUIDD tokens $4 million from a group of investors that included the Binance Smart Chain Growth Fund, Genesis Block Ventures, Kingsway, Mind Fund Group Ltd, Sanctor Capital, OneFootball and other angel investors.

Last November 3, Quidd held a pre-sale on Animoca Brands Launchpad, during which it sold 1,001 coupons totaling $500,500 in 22 minutes.

Each $500 coupon can be used to redeem 2,500 QUIDD tokens after May 3, 2022.

QUIDD is a utility token based on the ERC-20 standard for the community of collectors, creators and developers on the Quidd platform. The total issuance will amount to 1 billion tokens.

Following the IDO, the coin was listed on PancakeSwap and trades in pairs with WBNB, REVV, TOWER, LMT, PROS and BONDLY.

Animoca Brands raised $65 million last October and reached a valuation of $2.2 billion.