TREE NEWS update: Rip Cars, a Solana-based collectibles platform built around physical Hot Wheels die-cast cars, has completed a $1.5 million strategic funding round. Investors included DBA, Colosseum, Kyle Samani, Novora, Anas Khader, Sacha Saint-Leger and Erik C. Users can open digital card packs backed by real inventory, keep the cars digitally, redeem them for physical delivery, or sell them back through the platform’s buyback program.
Solana Collectibles Platform Rip Cars Raises $1.5M Strategic Round
The raise is small, but the investor mix — a fund like DBA alongside individual crypto figures — signals continued appetite for tokenized-physical-asset models on Solana even as broader collectibles hype cools. The real test is the buyback program: it effectively makes the platform a market maker on its own inventory, so whether that liquidity holds under stress is the open question. Watch for how redemption and buyback volumes track against pack sales, since that gap reveals whether users treat this as a collectible or a trading product.
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