There’s a growing trend in the NBA cards industry where NBA stars are becoming more active in it. A good example was when Kevin Durant, Mark Cuban, and other personalities invested in Goldin Auctions, a company known for auctioning high-end sports cards. Now, there are two more prominent stars who just joined this trend – Chris Paul and Kevin Love, who invested in Dibbs.
Just recently, a venture firm called Foundry Group was joined by Tusk Ventures, Courtside Ventures, and Founder Collective to raise $13 million for Dibbs. The latter is a real-time trading platform that gives people a chance to invest in physical sports cards via nonfungible tokens, or NFTs.