For a long time, there was nothing like the feeling of popping open a foil package full of new sports cards: the moment of transition between pure possibility and long-awaited reality. Sure, similar concepts have spread through other mediums in the form of blind bags and loot boxes, but none can quite replicate that same feeling of completing a set with a lucky pull or holding onto the right card now to make the perfect deal later.
Frac Packs offer a new way to have fun and play the market with the most sought-after collectibles out there, all without leaving home. This article will introduce you to the concept of Frac Packs, how they differ from other digital collectibles you may have heard about recently, and how you can get started building your own collection.
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Frac Packs are randomized collections of fractional NFTs that are offered to users of the Dibbs Marketplace, alongside more traditional one-to-one purchases. Each Frac Pack contains fractional shares of tokens for at least three graded cards, making them a great way to start your collection. But before we get into more specifics there, we should tell you a little more about how Dibbs itself works.
Dibbs a real-time, 24-7 asset market built by collectors, for collectors. The process begins when Dibbs takes possession of prized physical collectibles such as baseball cards and comic books, then creates fractional, tokenized assets representing them on the WAX NFT Blockchain. These assets can then be dropped, bought, sold, and traded. If you buy up every piece of a token, you can even surrender the complete token to take physical possession of its corresponding collectible from Dibbs.
Frac Packs contain a random selection of these fractional tokens, and they’re offered in four types of increasing rarity: Emerald, Gold, Cobalt, and Lava. The bigger you go, the better pulls you’ll receive, but each pack has the potential to kick off or complete your next collection.
Whether you’re a seasoned NFT trader or are looking to dip your feet into blockchain-powered markets for the first time, there are a lot of reasons to open your first Frac Pack.
The most valuable sports cards on the market can easily command prices in the tens and hundreds of thousands of dollars. While the cards traded on the Dibbs Marketplace can be similarly priced in full, buying fractional shares means paying fractional prices. It's perfect for collectors who want to stake their claim on big cards without taking out a second mortgage.
NFTs have grabbed headlines for their massive sale prices, which has helped drive interest in the medium — but spending thousands of dollars for a single in-demand item can be too steep a barrier of entry for many potential collectors. On top of that, many NFT purchases can only be made with cryptocurrency, requiring exchange fees, in addition to the gas fees charged for transactions on common blockchain networks. You can pick up Frac Packs and other items on the Dibbs Marketplace with USD, and buyers only pay a fee up to 5% of order value in most transactions.
Some collectors are hesitant to get involved with traditional NFTs because their offerings are a little abstract — even though you can say you own the token itself, other people may be able to access the art or other asset it corresponds to just as easily as you. The fractional tokens you’ll find in Frac Packs represent real-world, really valuable assets that are securely stored in the Dibbs vault. Collect ‘em all (even if it isn’t a Holo Charizard) and you can take ownership of the physical thing.
Like we said at the top, Frac Packs capture that same unique joy of opening a card pack and seeing what’s inside. Is it the piece you’ve been waiting for, or an unexpected treasure to start a new collection around? The only thing missing is the pack of stale bubblegum.