Non-Fungible Tokens (NFTs) are some of the hottest things in the crypto space at this time, having generated over $12.9 billion in sales. However, while the technology has created a whole new community of collectors over the past years, NFT marketplaces have failed to provide a means for traditional collectors to bring their assets to the digital ecosystem.
Due Dilly is an NFT project looking to harvest the benefits of computer vision to allow collectors of physical assets like sports cards to join the NFT craze. The project achieves this by having collectors mint an NFT from a picture of their collectible card, which is analyzed using computer vision to assess its condition, rarity, and value. Once the minting has been done, the underlying asset is stored by Due Dilly to back the NFT, giving it additional value when compared to other NFTs.
Historically, card grading has been a process done by companies like Professional Sports Authenticators (PSA) and Beckett Grading Services (BGS), which is not always an easy process for collectors to gain access to. By using computer vision and blockchain technology, Due Dilly seeks to facilitate the evaluation process while providing a high degree of transparency, speed, and convenience at a time when professional firms can’t deal with the demand.
The potential applications of this approach have resulted in Due Dilly catching the attention of major players in the blockchain, crypto, and NFT place. The list of investors who are supporting the startup include Dapper Labs, Tribe Capital, Co-Founder of the Sandbox Sebastien Borget, Toy Ventures executives from Animoca Brands, Ace Cap, Red Beard Ventures, Eric Ries, and Village Global to name a few.
While Due Dilly only supports sports cards currently, the project is aiming to work its way across all of the collectibles space by progressively improving the capabilities of its evaluation solution. With concerns around the use of standard JPEG and other media formats to store the assets behind NFTs, the project is looking to legitimize the NFT ecosystem by providing a fully-backed form of NFT, which it believes will not only survive the pass of time but also bring the entire collectible space together.
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