The collectibles market is booming. Today, more than a third of Americans consider themselves collectors, and the collectibles market is expected to be worth nearly $500 billion by 2024. The collectibles industry is booming — and blockchain is making inroads into it.
An increasing number of collectors are actually traders whose sole purpose is to buy and sell billions of dollars worth of collectibles — from rare whiskeys to luxury watches to handbags — for a profit, and while online marketplaces in general have evolved from digital classifieds to all-inclusive stores to vertical markets, they have not yet evolved to serve these traders in the most efficient way.