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Quidd
Quidd was a privately held American collectible app founded in 2016 by Michael Bramlage and Erich Wood.[1] According to their LinkedIn, the app had 19 employees, over 8 million users and represented 325 brands as collectible digital stickers. In 2017, the app was #1 in search and #5 in the App Store's entertainment category.[2] In 2019, the company would be bought by the Hong Kong-based company Animoca Brands, who would move the 2.1 billion individually serialized digital collectibles on the blockchain.[3] In 2022, the company would introduce "Mintables", which let users turn their stickers into NFTs[4] and convert them into Etherium.[5] These brands included Dr. Seuss[6], L.O.L Suprise[7], Disney[8], Spongebob[9], Rick and Morty[4], and others.
Data breach[edit | edit source]
In 2019, the Quidd portal was hacked, exposing 4 million user accounts.[10] The information in these accounts included usernames, email addresses, and passwords from the hacked accounts. The data was made for sale in October of that year.
Sudden closure of service[edit | edit source]
Incident[edit | edit source]
It is with a heavy heart that we share the news of Quidd’s closure. Since our beginning, we have been honored to build a space where collectors, artists, and enthusiasts could come together to celebrate the vibrant world of digital collectibles. Your creativity, passion, and unwavering support have been the heartbeat of Quidd, and for that, we are forever grateful.
Every interaction, every piece of art, and every collaboration has left an indelible mark on us, filling us with both gratitude and inspiration. It has been our privilege to witness the incredible community you’ve built—a testament to your shared love for creativity and innovation.
As of today, January 3, 2025, all transactions and services on Quidd will cease. Between now and January 31, 2025, you may request the withdrawal of your cash deposit funds by clicking the ‘Request Withdrawal’ button below.
We understand this news may be difficult, and we are here to support you during this transition. If you have any questions or need assistance, please don’t hesitate to contact us at [email protected]. We also encourage you to visit our website and follow our social channels for the latest updates, as the Quidd app will no longer be available.
In regards to your collections, we are currently reviewing options and plan to have an update shortly.
To every member of the Quidd community: thank you for allowing us to be a part of your journey. We will cherish the memories we’ve created together.
With heartfelt gratitude,
The Quidd Team
On January 3, 2025, the app would receive an unclosable pop-up stating "Quidd is closing its doors. Please go to market.onquidd.com for more information". On their website, they do not state a reason for the closure, but rather they thanked the users for utilizing the service and tell users to withdraw their funds manually.[11] At the time, users could only log into the website and withdraw their current funds from their accounts, which did not include total collection value or sales.[12] Interestingly, rather than giving an early announcement about the closure on December 23, Quidd released a Betty Boops Holiday Magic collection set.[13] However, on December 20, the Twitter/X account stated "Quidd offices will be closed for the holidays from December 20, 2024, to January 2, 2025".[14]
On January 4, Quidd announced that they are working with POP Culture, Inc. to preserve user collections.[15] Users would have to manually fill a Google Form with their email and Quidd username to have the ability to save their collection.[16] Many users took this announcement as empty promises[17] and requested previous functionality, such as minting and selling.[18][19]
Implications[edit | edit source]
Before the shutdown, users could buy and sell NFT collectibles on the Quidd marketplace for virtual currency, which could be exchanged for real money through a cash account.[20] In addition, it was alleged the founder Micheal Bramlage promised users before the 2019 acquisition that users could keep their collections even if the service closes.[21] In the past, collectibles would be sold for as high as $255-$500 each depending on their "rarity".[22] In the first week of March 2021, over $53,000 worth of withdrawals were processed.[23]
With their announcement on Twitter/X, users compared this behavior from Quidd to a "rug pull".[24] In addition, many users warned Quidd of a class action lawsuit.[25]
Terms of Service[edit | edit source]
According to a Quidd operator, the terms allow Quidd to take away collections from users without reason.[26] This can be confirmed with the latest revision of the terms (July 14, 2020) in the "Quidd Disclaimers and Limitation of Liability" section, where Quidd will only refund users a maximum of $100 for damages or lost profits.[27] Most importantly, Quidd states that users "do not own the Virtual Coins or the Virtual Goods that are exchanged using the App" but rather have a "limited license" to their collections and coins.
Privacy Policy[edit | edit source]
The privacy policy states that Quidd can collect information on your device, including the operating system, processor information, MAC address, location, network type, language, and time spent on certain pages.[28] There are also mentions of sharing user analytic data with third-party companies.
References[edit | edit source]
- ↑ https://www.linkedin.com/company/quidd-inc
- ↑ https://x.com/quidd/status/918843147429564416
- ↑ https://venturebeat.com/business/animoca-brands-buys-quidd-for-up-to-8-million-as-it-moves-into-blockchain-collectibles/
- ↑ 4.0 4.1 https://blockchain.news/news/quidd-launches-new-platform-mintablesenabling-users-to-mint-digital-collectibles-into-nfts
- ↑ https://x.com/mbram/status/1638599791490768909
- ↑ https://techcrunch.com/2021/12/22/this-dapper-labs-backed-company-is-turning-dr-seuss-characters-into-nft-trading-cards/
- ↑ https://finance.yahoo.com/news/mga-entertainment-partners-quidd-l-120000526.html
- ↑ https://www.newswire.com/news/bare-tree-media-and-quidd-team-up-to-offer-digital-collectibles-for-21714386
- ↑ https://x.com/mbram/status/1708162937871835631
- ↑ https://cybersecuritynews.com/4-million-quidd/
- ↑ https://market.onquidd.com/
- ↑ https://x.com/ssymes101/status/1875358003639284012
- ↑ https://x.com/quidd/status/1871267200008421877
- ↑ https://x.com/quidd/status/1870192787737526622
- ↑ https://x.com/quidd/status/1875652152590545369
- ↑ https://docs.google.com/forms/d/e/1FAIpQLSfuoNA6c20z934i9rwoVKYtULX_kmP1cT3yVUK7rbeRnLu24Q/viewform
- ↑ https://x.com/Joe22367619/status/1875655325430509816
- ↑ https://x.com/Dogstar3c/status/1875741590008033765
- ↑ https://x.com/s1vh/status/1877675184364114392
- ↑ https://web.archive.org/web/20240915231810/https://intercom.help/quidd/en/collections/2696326-cash-account
- ↑ https://x.com/Ayyee38/status/1875339313501843827
- ↑ https://x.com/quidd/status/1367685868455092225
- ↑ https://x.com/quidd/status/1371110813398937613
- ↑ https://x.com/spencer_hames/status/1877188802642325972
- ↑ https://x.com/Lex_407/status/1875563383279472987
- ↑ https://x.com/millerflip89/status/1876974310406885844
- ↑ https://web.archive.org/web/20240909141011/https://quidd.co/terms
- ↑ https://web.archive.org/web/20241207061804/https://quidd.co/privacy