Dime - Turn your content into NFTs
Easily turn any content into unique digital collectibles that can be bought and traded
Every day I feature a new interesting startup. Today’s featured startup is Dime. Subscribe to my newsletter to read about a new interesting startup every day.
What it does: Dime lets creators turn their content into unique digital collectibles that can be bought and traded. For example, Dime makes it easy to turn your Instagram feed into a complete NFT store. Fans can buy items from their favorite artists, trade them on the marketplace, and display their collections on the site. For creators it’s just like Patreon, except fans get to own a unique digital item in exchange for their support.
How it started: Aaron Barbieri-Aghib and Ben Share realized that for most creators the idea of creating a NFT is too intimidating: it’s often too complicated, too time-consuming and too expensive. Popular NFT marketplaces like OpenSea require you to create a crypto wallet, buy cryptocurrency, and a bunch of other stuff just to get started. Dime simplifies this by reducing the process to just creating an account and they take care of the rest.
How it works: Creators sign up for an account at Dime, create their store and upload their content to be turned into NFTs. When the store is launched, their fans can buy the content and display it on their own profile. They can then also trade them on the marketplace.
Why it’s interesting: The NFT market has blown up in recent years, and is more popular than ever. Popular NFT collections such as Bored Ape Yacht Club went for sale at $194 a piece and their current market price is at least $80,000 (see: Why Bored Ape Avatars Are Taking Over Twitter). Many of my artist friends are exploring how to get into NFTs and monetize their art (that they commonly post for free on Instagram) but it is often too cost-prohibitive (ETH gas prices range from $50-500) and complicated to set up. If Dime is able to provide a turnkey solution they will have millions of content creators lining up to get a piece of the NFT pie.
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