Quidd: Difference between revisions

}}</ref> According to their LinkedIn, the app had 19 employees, over 8 million users and represented 325 brands as collectible digital stickers. In 2017, the app was #1 in search and #5 in the App Store's entertainment category.<ref>{{Cite web |author=Quidd |title=Quidd on X |url=https://x.com/quidd/status/918843147429564416 |website=[[X]] |date=13 Oct 2017 |access-date=21 Apr 2025 |url-status=dead |archive-url=http://web.archive.org/web/20250708194948/https://x.com/quidd/status/918843147429564416 <!-- Working archive link, but don't un-hide it: https://archive.is/cQP7b --> |archive-date=8 Jul 2025 <!-- 19 Jan 2025 --> |quote=1️⃣ in Trending searches and 5️⃣in Entertainment?! We’ll take it! 👏😎🎉}}</ref> In 2019, the company would be bought by the Hong Kong-based company Animoca Brands, who would move the 2.1 billion individually serialized digital collectibles on the blockchain.<ref>{{Cite web |last=Takahashi |first=Dean |title=Animoca Brands buys Quidd for up to $8 million as it moves into blockchain collectibles |url=https://venturebeat.com/business/animoca-brands-buys-quidd-for-up-to-8-million-as-it-moves-into-blockchain-collectibles/ |website=VentureBeat |date=7 Aug 2019 |access-date=21 Apr 2025 |url-status=dead |archive-url=http://web.archive.org/web/20250328110021/https://venturebeat.com/business/animoca-brands-buys-quidd-for-up-to-8-million-as-it-moves-into-blockchain-collectibles/ |archive-date=28 Mar 2025}}</ref> In 2022, the company would introduce "Mintables," which let users turn their stickers into NFTs<ref name="A2022">{{Cite web |last=Otieno |first=Nicholas |title=Quidd Launches New Platform Mintables, Enabling Users to Mint Digital Collectibles into NFTs |url=https://blockchain.news/news/quidd-launches-new-platform-mintablesenabling-users-to-mint-digital-collectibles-into-nfts |website=blockchain.news |date=22 Jun 2022 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20260119001959/https://blockchain.news/news/quidd-launches-new-platform-mintablesenabling-users-to-mint-digital-collectibles-into-nfts |archive-date=19 Jan 2026}}</ref> and convert them into Etherium.<ref>{{Cite web |last=Bramlage |first=Michael |title=Michael Bramlage on X |url=https://x.com/mbram/status/1638599791490768909 |website=[[X]] |date=22 Mar 2023 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20250120130407/https://x.com/mbram/status/1638599791490768909 |archive-date=20 Jan 2025 |quote=Lightning Fast Minting (TM) 😀 Also, don’t have ETH or even know what ETH is? Who cares. We’ll cover your gas fees. What’s a gas fee? Who cares. Doesn’t matter either. Don’t want to mint? Who cares. You don’t have to. It’s up to the collector, as it should be.}}</ref> These brands included Dr. Seuss,<ref>{{Cite web |last=Loizos |first=Connie |title=This Dapper Labs-backed company is turning Dr. Seuss characters into NFT trading cards |url=https://techcrunch.com/2021/12/22/this-dapper-labs-backed-company-is-turning-dr-seuss-characters-into-nft-trading-cards/ |website=TechCrunch |date=22 Dec 2021 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20250708194938/https://techcrunch.com/2021/12/22/this-dapper-labs-backed-company-is-turning-dr-seuss-characters-into-nft-trading-cards/ |archive-date=8 Jul 2025}}</ref> L.O.L Suprise,<ref>{{Cite web |author=Quidd |title=MGA Entertainment Partners With Quidd for L.O.L. Surprise! ™ Digital Collectibles and NFTs |url=https://finance.yahoo.com/news/mga-entertainment-partners-quidd-l-120000526.html |website=[[Yahoo!]] |date=22 Mar 2022 |access-date=21 Apr 2025 |url-status=live |archive-url=http://web.archive.org/web/20250328092426/https://finance.yahoo.com/news/mga-entertainment-partners-quidd-l-120000526.html |archive-date=28 Mar 2025}}</ref> Disney,<ref>{{Cite web |author=Bare Tree Media |title=Bare Tree Media and Quidd Team Up to Offer Digital Collectibles for Popular Licensed Brands |url=https://www.newswire.com/news/bare-tree-media-and-quidd-team-up-to-offer-digital-collectibles-for-21714386 |website=NewsWire |date=18 May 2022 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20250708195007/https://www.newswire.com/news/bare-tree-media-and-quidd-team-up-to-offer-digital-collectibles-for-21714386 |archive-date=8 Jul 2025}}</ref> Spongebob,<ref>{{Cite web |last=Bramlage |first=Michael |title=Michael Bramlage on X |url=https://x.com/mbram/status/1708162937871835631 |website=[[X]] |date=30 Dec 2023 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20250708194946/https://x.com/mbram/status/1708162937871835631 |archive-date=8 Jul 2025 |quote=Quiddward! Super excited for @SpongeBob on @quidd ... It’ll be hard to stay quiet on this one. Details coming soon!}}</ref> Rick and Morty,<ref name="A2022" /> and others.

On 3 January 2025, the app would receive an non-closable pop-up stating "Quidd is closing its doors. Please go to market.onquidd.com for more information." On their website, they did not state a reason for the closure, but rather they thanked the users for utilizing the service and told users to withdraw their funds manually.<ref>{{Cite web |author= |title=Quidd Market |url=https://market.onquidd.com/ |website=Quidd |date=3 Jan 2025 |access-date=4 Jan 2025 |url-status=dead |archive-url=https://web.archive.org/web/20250104045818/https://market.onquidd.com/ |archive-date=4 Jan 2025}}</ref> At the time, users could only log into the website and withdraw their current funds from their accounts, which did not include total collection value or sales.<ref>{{Cite web |author=ssymes101 |title=ssymes101 on X |url=https://x.com/ssymes101/status/1875358003639284012 |website=[[X]] |date=4 Jan 2025 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20250708194957/https://x.com/ssymes101/status/1875358003639284012 |archive-date=8 Jul 2025 |quote=What's the likelihood of sales proceeds also being available for withdrawal?

}}</ref> Interestingly, rather than giving an early announcement about the closure on 23 December 2024, Quidd released a Betty Boops Holiday Magic collection set.<ref>{{Cite web |author=Quidd |title=Quidd on X |url=https://x.com/quidd/status/1871267200008421877 |website=[[X]] |date=23 Dec 2024 |access-date=21 Apr 2025 |url-status=dead |archive-url=https://web.archive.org/web/20250120130410/https://x.com/quidd/status/1871267200008421877 |archive-date=20 Jan 2025 |quote=Betty Boops Holiday Magic 💋❄️ drops today! 🗓️ Monday 12/23 ⏰ 5pm ET {{!}} 2pm PT <nowiki>https://market.onquidd.com/brands/5889/packs?routes=5889</nowiki> #BettyBoop #Quidd}}</ref> However, on 20 December 2024, the Twitter/X account stated "Quidd offices will be closed for the holidays from December 20, 2024, to January 2, 2025."<ref>{{Cite web |author=Quidd |title=Quidd on X |url=https://x.com/quidd/status/1870192787737526622 |website=[[X]] |date=20 Dec 2024 |access-date=21 Apr 2025 |url-status=dead |archive-url=http://web.archive.org/web/20250708194955/https://x.com/quidd/status/1870192787737526622 |archive-date=8 Jul 2025 |quote=Quidd offices will be closed for the holidays from December 20, 2024, to January 2, 2025. We appreciate your understanding and look forward to reconnecting with you in the new year. Happy Holidays! 🎄☃️🎁}}</ref>

On 4 January 2025, Quidd announced they were working with POP Culture, Inc. to preserve user collections.<ref>{{Cite web |author=Quidd |title=Quidd on X |url=https://x.com/quidd/status/1875652152590545369 |website=[[X]] |date=4 Jan 2025 |access-date=21 Apr 2025 |url-status=dead |archive-url=http://web.archive.org/web/20250708195000/https://x.com/quidd/status/1875652152590545369 |archive-date=8 Jul 2025 |quote=🚨Update regarding Quidd assets: POP Culture, Inc. is working to preserve your collections As a first step, connect with them using the form below. This will help them make the transition as smooth as possible by giving you timely updates on your collections and the transition process. <nowiki>https://docs.google.com/forms/d/e/1FAI</nowiki>}}</ref> Users would have to manually fill a Google Form with their e-mail and Quidd username to have the ability to save their collection.<ref>{{Cite web |author= |title=POP Culture, Inc. is Working to Preserve Your Collections |url=https://docs.google.com/forms/d/e/1FAIpQLSfuoNA6c20z934i9rwoVKYtULX_kmP1cT3yVUK7rbeRnLu24Q/viewform |website=[[Google]] |date=4 Jan 2025 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20251107013237/https://docs.google.com/forms/d/e/1FAIpQLSfuoNA6c20z934i9rwoVKYtULX_kmP1cT3yVUK7rbeRnLu24Q/viewform |archive-date=7 Nov 2025}}</ref> Many users took this announcement as empty promises<ref>{{Cite web |author=Joe22367619 |title=Joe22367619 on X |url=https://x.com/Joe22367619/status/1875655325430509816 |website=[[X]] |date=4 Jan 2025 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20250708194938/https://x.com/Joe22367619/status/1875655325430509816 |archive-date=8 Jul 2025 |quote=Sounds like more empty promises.  What about people who has transactional / withdrawable balances ?  You’re only refunding back deposits.}}</ref> and requested previous functionality, such as minting and selling.<ref>{{Cite web |author=Dogstar3c |title=Dogstar3c on X |url=https://x.com/Dogstar3c/status/1875741590008033765 |website=[[X]] |date=5 Jan 2025 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20250708195001/https://x.com/Dogstar3c/status/1875741590008033765 |archive-date=8 Jul 2025 |quote=We want our money back theives and I think the IRS needs to investigate all those that made financial decisions especially @mbram who appears to have taught how to money laundering. I feel 4 a couple of the  staff who weren't scammers but f**k me the highers belong in jail}}</ref><ref>{{Cite web |author=s1vh |title=s1vh on X |url=https://x.com/s1vh/status/1877675184364114392 |website=[[X]] |date=10 Jan 2025 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20250708194946/https://x.com/s1vh/status/1877675184364114392 |archive-date=8 Jul 2025 |quote=Will POP Culture, Inc. let us mint our mintables? Because announcing closure without giving us a time window for minting so we can move our assets away from the platform truly feels like a rug. 🤨}}</ref>

Before the shutdown, users could buy and sell NFT collectibles on the Quidd marketplace for virtual currency, which could be exchanged for real money through a cash account.<ref>{{Cite web |author= |title=Cash Account |url=https://intercom.help/quidd/en/collections/2696326-cash-account |website=Quidd |date= |access-date=21 Apr 2025 |url-status=dead |archive-url=https://web.archive.org/web/20240915231810/https://intercom.help/quidd/en/collections/2696326-cash-account |archive-date=15 Sep 2024}}</ref> In addition, it was alleged the founder Micheal Bramlage promised users before the 2019 acquisition that users could keep their collections even if the service closed.<ref>{{Cite web |last=Wiseman |first=Antonieu |title=Antonieu Wiseman on X |url=https://x.com/Ayyee38/status/1875339313501843827 |website=[[X]] |date=4 Jan 2025 |access-date=21 Apr 2025 |url-status=live |archive-url=http://web.archive.org/web/20250708195003/https://x.com/Ayyee38/status/1875339313501843827 |archive-date=8 Jul 2025 |quote=People literally spent thousands of dollars on here with a clear understanding that we could keep our collections for 100 plus years even if quidd shuts down is what @mbram said years ago}}</ref> In the past, collectibles would be sold for as high as $255-$500 each depending on their "rarity"<ref>{{Cite web |author=Quidd |title=Quidd on X |url=https://x.com/quidd/status/1367685868455092225 |website=[[X]] |date=5 Mar 2021 |access-date=21 Apr 2025 |url-status=dead |archive-url=http://web.archive.org/web/20250708194944/https://x.com/quidd/status/1367685868455092225 |archive-date=8 Jul 2025 |quote=It's LeBron vs. Spider-Man vs. Captain Kirk vs. Shrimp Rick over on Quidd. Just a normal day in the marketplace.}}</ref> with users spending hundreds of dollars to complete collectible sets.<ref>{{Cite web |author=DonnieLemon69 |title=DonnieLemon69 on X |url=https://x.com/donnielemon69/status/1882145343925834149 |website=[[X]] |date=22 Jan 2025 |access-date=9 Mar 2026 |url-status=live |archive-url=https://megalodon.jp/2026-0310-1226-52/https://x.com:443/donnielemon69/status/1882145343925834149 |archive-date=10 Mar 2026 |quote=I collected hundreds of dollars worth of Atari NFT from Quidd had all the sets.. Sad.}}</ref> In the first week of March 2021, over $53,000 worth of withdrawals were processed.<ref>{{Cite web |author=Quidd |title=Quidd on X |url=https://x.com/quidd/status/1371110813398937613 |website=[[X]] |date=14 Mar 2021 |access-date=21 Apr 2025 |url-status=dead |archive-url=http://web.archive.org/web/20250708194947/https://x.com/quidd/status/1371110813398937613 |archive-date=8 Jul 2025 |quote=Update on withdrawals: - $53,000+ processed last week - 2x the previous week (!!!) - Paid out to nearly 200 collectors - All eligible requests processed Friday afternoon - Average time from request to cash: 3 days! Digital collecting paid for some nice dinners on Friday 💸😎}}</ref>

With their announcement on Twitter/X, users compared this behavior from Quidd to a "rug pull".<ref>{{Cite web |author=spencer_hames |title=spencer_hames on X |url=https://x.com/spencer_hames/status/1877188802642325972 |website=[[X]] |date=9 Jan 2025 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20250708194947/https://x.com/spencer_hames/status/1877188802642325972 |archive-date=8 Jul 2025 |quote=wait so all the money i put into stuff and packs i cant sell because you want to rug pull us? that class action lawsuit will hit our bank accounts in a good way and a bad way in yours.}}</ref> In addition, many users warned Quidd of a [[class action]] lawsuit.<ref>{{Cite web |author=Lex_407 |title=Lex_407 |url=https://x.com/Lex_407/status/1875563383279472987 |website=[[X]] |date=4 Jan 2025 |access-date=9 Mar 2026 |url-status=live |archive-url=http://web.archive.org/web/20250708194951/https://x.com/Lex_407/status/1875563383279472987 |archive-date=8 Jul 2025 |quote=Assets and funds that were made in sales, which at this moment, it says I have no funds. You guys better figure things out or there will be a lot of us filing a class action.}}</ref>