The Rare Bits exchange, a crypto-collection auction and sales site, has raised $6m to expand its platform listing more than half a million items from games including CryptoFighters, CryptoCelebrities and CryptoBots. Collectors can follow bids, study historical pricing and see related items. Co-founder Amitt Mahajan said virtual items used to be owned by the firm that ran the game, but the etheruem ledger meant users could own their digital items. If a crypto developer charges for secondary sales they will split that with The Rare Bits exchange. The funding was backed by investors including First Round Capital, David Sacks’ Craft Ventures and Spark Capital.
Rare Bits, a crypto-collection auction and sales site, has raised $6m to expand its platform listing more than half a million items from games including CryptoFighters, CryptoCelebrities and CryptoBots. Collectors can follow bids, study historical pricing and see related items. Co-founder Amitt Mahajan said virtual items used to be owned by the firm that ran the game, but the etheruem ledger meant users could own their digital items. If a crypto developer charges for secondary sales they will split that with Rare Bits. The funding was backed by investors including First Round Capital, David Sacks’ Craft Ventures and Spark Capital.