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IstDibs.com Shares Rise 21% After New Features on NFT Marketplace

By Chris Wack

 

1stDibs.com Inc. shares rose 7% to $8.21 after the company said it expanded its curated NFT marketplace and added new features.

The company said the launch introduces a secondary market for collectors on 1stDibs.

The update to the platform allows vetted creators and artists to upload their work, mint and list for sale on 1stDibs autonomously. Secondary market features allow any owner of an NFT purchased through 1stDibs to list and sell the work on the platform. Tokens are minted and sales are conducted securely on the Ethereum blockchain.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

March 09, 2022 10:25 ET (15:25 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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