Quidd: Difference between revisions
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On January 3, 2025, the app would receive an unclosable pop-up stating "Quidd is closing its doors. Please go to market.onquidd.com for more information". On their website, they do not state a reason for the closure, but rather they thanked the users for utilizing the service and tell users to withdraw their funds manually.<ref>https://market.onquidd.com/</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>https://x.com/ssymes101/status/1875358003639284012</ref> Interestingly, rather than giving an early announcement about the closure on December 23, Quidd released a Betty Boops Holiday Magic collection set.<ref>https://x.com/quidd/status/1871267200008421877</ref> However, on December 20, the Twitter/X account stated "Quidd offices will be closed for the holidays from December 20, 2024, to January 2, 2025".<ref>https://x.com/quidd/status/1870192787737526622</ref> | On January 3, 2025, the app would receive an unclosable pop-up stating "Quidd is closing its doors. Please go to market.onquidd.com for more information". On their website, they do not state a reason for the closure, but rather they thanked the users for utilizing the service and tell users to withdraw their funds manually.<ref>https://market.onquidd.com/</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>https://x.com/ssymes101/status/1875358003639284012</ref> Interestingly, rather than giving an early announcement about the closure on December 23, Quidd released a Betty Boops Holiday Magic collection set.<ref>https://x.com/quidd/status/1871267200008421877</ref> However, on December 20, the Twitter/X account stated "Quidd offices will be closed for the holidays from December 20, 2024, to January 2, 2025".<ref>https://x.com/quidd/status/1870192787737526622</ref> | ||
On January 4, Quidd announced that they are working with POP Culture, Inc. to preserve user collections.<ref>https://x.com/quidd/status/1875652152590545369</ref> Users would have to manually fill a Google | On January 4, Quidd announced that they are working with POP Culture, Inc. to preserve user collections.<ref>https://x.com/quidd/status/1875652152590545369</ref> Users would have to manually fill a Google Form with their email and Quidd username to have the ability to save their collection.<ref>https://docs.google.com/forms/d/e/1FAIpQLSfuoNA6c20z934i9rwoVKYtULX_kmP1cT3yVUK7rbeRnLu24Q/viewform</ref> Many users took this announcement as empty promises<ref>https://x.com/Joe22367619/status/1875655325430509816</ref> and requested previous functionality, such as minting and selling.<ref>https://x.com/Dogstar3c/status/1875741590008033765</ref><ref>https://x.com/s1vh/status/1877675184364114392</ref> | ||
===Implications=== | ===Implications=== | ||
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>https://web.archive.org/web/20240915231810/https://intercom.help/quidd/en/collections/2696326-cash-account</ref> With their announcement on Twitter/X, users compared this behavior from Quidd as a "rugpull".<ref>https://x.com/spencer_hames/status/1877188802642325972</ref> In addition, many users warned Quidd of a class action lawsuit.<ref>https://x.com/Lex_407/status/1875563383279472987</ref> | |||
==Terms of Service== | ==Terms of Service== | ||