DIBS - 1stDibs launches the NFT platform

1stDibs (NASDAQ:DIBS) has launched an NFT platform, reacting to the rapidly growing market for digital artwork. The NFT platform is based on an auction model, which expands on 1stDibs’ core e-commerce site. David Rosenblatt, CEO: “In the last five years, we’ve evolved 1stDibs from a listings site to a true e-commerce platform, also expanding inventory categories beyond antiques to include contemporary design, jewelry, accessories and, most recently, art. As a technology leader, the introduction of NFTs to our offering is a natural alignment for us, and the auction-style platform we’ve revealed today reflects our investment in the NFT movement and the future of the art market.” Shares +3% premarket.

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1stDibs launches the NFT platform