Quidd is not a cryptocurrency; it is actually a digital marketplace for buying, selling, and trading digital collectibles. It was launched in 2017 by a company called Quidd Inc., which aims to provide a platform for collectors to engage in the trading of various digital items, such as stickers, cards, toys, and other pop culture memorabilia.
Users on the Quidd platform can purchase these digital collectibles using real-world currencies, such as the US dollar. These items are bought and stored within the Quidd app, which can be accessed on mobile devices. The platform also facilitates the trading of these digital collectibles between users, creating a marketplace-like environment for collectors.
While Quidd is not a cryptocurrency, it does use blockchain technology to secure and authenticate the ownership of the digital items bought and sold on its platform. This technology ensures that each item is unique, scarce, and cannot be duplicated or forged. However, the ownership and transactions of these digital collectibles are not facilitated through a specific cryptocurrency.
In summary, Quidd is not a cryptocurrency itself but a digital marketplace that leverages blockchain technology for the authentication and trading of digital collectibles.
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