Alt Platform Inc operates an alternative-asset investing platform for collectible cards, a market it puts at $5 billion. Through its website, alt.xyz, the company lets collectors buy, sell, value and store trading cards. Its auction marketplace moves hundreds of millions of dollars in gross merchandise value, and it has been expanding across engineering, product, marketing and operations.
The technical work spans several distinct domains. Alt Value, the firm's proprietary pricing system, applies transaction-history analysis and market data to more than 10 million cards to produce real-time valuations, making data science and valuation analytics central to the product. Around this sits a marketplace and auction platform, lending products that let collectors borrow against their cards without selling them, and Alt Vault, a secure storage service with insurance for high-value items. Snap to Sell, a photography-based feature, simplifies consignment.
The company describes itself as remote-first and was named one of the best remote-first places to work in 2021 by Built In. It has raised significant funding, the amount undisclosed, from investors including the professional athletes Tom Brady, Giannis Antetokounmpo and Kevin Durant.
