Calling the program “ Alt Lending“, the team notes that it’s currently in beta and only open to select users for now. Avidar points out that banks generally won’t consider things like sports card collections as “real collateral” Alt, meanwhile, has a pretty deep understanding of just how much any given card is worth from day to day - and, as the cards are in Alt’s vault, they can assume said cards aren’t going to just disappear or suddenly get damaged. Meanwhile, the company is quietly exploring a new source of revenue: loaning users money, with loans backed by the cards said user has stored with Alt. Individual listings show the prices a given card has sold for over the last year and offer up an “Alt value” - a Zestimate-style worth estimate based on all of the recent transaction data Alt has access to. I’m also told that Alt users have stored over $70 million worth of cards in the vault so far.Īlt shares much of the data it has on cards its market trends page charts out which categories have proven most popular in recent weeks, and highlights the players whose cards have seen the biggest shifts in value over the last seven days. They’re mostly buying these cards as investments, not to put on display. ![]() By default, purchased cards stay in the vault owners are free to have their cards pulled from the vault and shipped to them, but Avidar tells me that “99%” of cards stay in the vault after a transaction. ![]() To sell a card on Alt, its condition must first be judged by one of the already well-established grading groups (PSA, BGS or SGC) then sent to Alt’s “Vault” - a light-controlled, temperature-controlled, fire-protected facility that the company casually refers to as “the Fort Knox of cards.” Once there, ownership can be instantly transferred from buyer to buyer (with Alt taking a 1.5% cut on each sale). Sports trading card platform Alt launches with $31 million in funding and plenty of market hype “Our goal is to be in things from sneakers, to watches, to NFTs,” Avidar tells me, referring to sports cards as their “proof point.” In time, they’re looking to expand beyond cards and into other alternative assets. Poke around its exchange and you’ll already find first edition Charizards and Yu-Gi-Oh! cards in the mix with rare Kobe and autographed Kaepernick cards. While Alt’s initial focus was sports cards - a category that founder Leore Avidar knows quite well - it has recently expanded to support other types of trading cards. Just a few months later, the company has raised a $75 million Series B from a roster of top investors and pro athletes, made big hires and is prepping to launch its mobile app, all while it starts to expand the scope of the alternative assets it covers. The visa approval numbers from consular processing are provided by Depart of State (DoS) and can be reviewed on website.When we last checked in with Alt back in March, it had just raised $31 million for its alternative asset platform - a platform, thus far, used primarily by those looking to research, trade and securely store high-value sports cards. If you are outside country, then employer will ask the H1B worker to attend visa interview at the nearest consulate. ![]() USCIS data is only for folks who are already in the USA and requesting for change of status (COS). USCIS review the H1B applications (new, renewals, and transfer of employer) and can result in approval or denial. Once DOL approves LCA, the petition is submitted to USCIS for review. On the other hand USCIS data indicates, how much success does an employer have in getting the LCAs to hiring those foreign workers. Read more about LCA process in blog article. In other words, filing an LCA and getting an approval is a mandatory step for H1B visa. One LCA application can be used to fulfil many open positions by an employer. These applications are either new employment, continuation of the employment or change of employers. ![]() LCA data represents the number of applications filed with Department Of Labor (DOL) request to hire a foreign worker. Below is the charts and tables of Labor Condition Application (LCA) approvals and denials along with USCIS approvals and denials.
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