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CryptoKaiju launches the first collectible toys on the blockchain

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CryptoKaijuOliver Carding / KnownOrigin

Bringing back the fun into non-fungible tokens (NFT), a new blockchain startup, which today launches its single product, is creating the world's first fully traceable vinyl toys on the Ethereum blockchain.

Starting today, CryptoKaiju will ship 130 Genesis figures to customers, which was designed to illustrate a traditional bitcoin-themed Kaiju monster. It is also an appropriate name for the first vision as it is the same word to name the first block in a blockchain.

The team behind it is also launching its subscription service, but the shipment will take place in December. With this subscriber you will receive a unique, encrypted number each month. To ensure that they are not mass-produced toys, the subscription boxes will be limited to a pre-established number of pieces per month.

CryptoKaijuOliver Carding / KnownOrigin

The team behind Kaiju, inspired by the Japanese film genre, hopes to be able to tap into a growing market of fans who want to be able to verify their collectibles. With the market of toys devoid of provenance and verifiable authenticity, the team is exploring opportunities to work with artists interested in seeing how technology can be used in the scarcity and origin of collectible items.

Always a collector of design toys like Kaws, Futura Pointmen and Medicom Bearbricks, I had previously had problems not having the full assurance that what I was buying was authentic, as well as the problems with knowing exactly how many items were produced in each lot said Oliver Carding, co-founder of CryptoKaiju. The concept of bringing not only the provenance, but also a personality, through a set of attributes of a physical toy is extremely intriguing.

Carding, who is also the founder of the Manchester blockchain news site CoinJournal, founded in 2014, has collaborated with David Moore, James Morgan and Andy Gray, the three co-founders of KnownOrigin, a digital art market based in Manchester. Connecting with the KnownOrigin team to a block-up meetchack, Carding wanted to explore the connection between NFT and physical objects.

"At the start of the summer we started exploring how to use the technology for vinyl toys," Carding added. "We sat down and discussed all the challenges that come from connecting a physical object to an intelligent contract, for example by ensuring that the physically represented element is the one referred to in the smart contract."

Each toy will have a near-field communication tag (NFC) resistant to tampering at its feet, allowing owners to use their smartphones or other devices to communicate with the chip. Using the same standard as the token of the famous virtual CryptoKitties, the mint team is "fungible token compatible with ERC721 or, in simpler terms, a crypto-collectible," Gray said. "Once on the blockchain, Kaiju has a unique identity and a traceable provenance."

CryptoKaijuOliver Carding / KnownOrigin

Represented as a token that is inside an intelligent contract, each toy contains unique metadata describing it. This includes your date of birth, sex, color, a description and two personality traits such as "intelligence" or "creativity." According to the team, some traits and colors will be scarcer than others, resulting in a variable demand for toys, in addition to the excitement of the unknown.

Carding, who first became interested in cryptocurrencies and blockchains about five years ago, said that vinyl toy collectors are hugging when the team is doing.

The idea of ​​having a toy where you can prove scarcity, one with unique digital traits is really appealing to them, he added. Ethereum and NFT fans love the idea of ​​having a physical NFT as well as a fantastic collector's item for their desk.

Interest has also been found by game developers using Ethereum who wish to integrate NFT into their products, as well as distributors and independent owners of toys and art stores who wish to purchase toys. Talks are also held with investors in space.

This is the first step for CryptoKaiju, but their goal is to develop a decentralized platform "allows the creation and trade of physical objects supported by tokens and improves the way in which the provenance for physical art and objects is managed. collectible, "said Carding.

The individual toys are priced at $ 55 while the subscription boxes are available on a six month subscription at $ 320 and a 12 month subscription at $ 600. Benefits for subscribers include faster shipping, beta access to new features, priority access to special offers, collaborations, new projects and free merchandise.

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CryptoKaijuOliver Carding / KnownOrigin

Bringing back the fun into non-fungible tokens (NFT), a new blockchain startup, which today launches its single product, is creating the world's first fully traceable vinyl toys on the Ethereum blockchain.

Starting today, CryptoKaiju will ship 130 Genesis figures to customers, which was designed to illustrate a traditional bitcoin-themed Kaiju monster. It is also an appropriate name for the first vision as it is the same word to name the first block in a blockchain.

The team behind it is also launching its subscription service, but the shipment will take place in December. With this subscriber you will receive a unique, encrypted number each month. To ensure that they are not mass-produced toys, the subscription boxes will be limited to a pre-established number of pieces per month.

CryptoKaijuOliver Carding / KnownOrigin

The team behind Kaiju, inspired by the Japanese film genre, hopes to be able to tap into a growing market of fans who want to be able to verify their collectibles. With the market of toys devoid of provenance and verifiable authenticity, the team is exploring opportunities to work with artists interested in seeing how technology can be used in the scarcity and origin of collectible items.

Always a collector of design toys like Kaws, Futura Pointmen and Medicom Bearbricks, I had previously had problems not having the full assurance that what I was buying was authentic, as well as the problems with knowing exactly how many items were produced in each lot said Oliver Carding, co-founder of CryptoKaiju. The concept of bringing not only the provenance, but also a personality, through a set of attributes of a physical toy is extremely intriguing.

Carding, who is also the founder of the Manchester blockchain news site CoinJournal, founded in 2014, has collaborated with David Moore, James Morgan and Andy Gray, the three co-founders of KnownOrigin, a digital art market based in Manchester. Connecting with the KnownOrigin team to a block-up meetchack, Carding wanted to explore the connection between NFT and physical objects.

"At the start of the summer we started to explore how to use the technology for vinyl toys," added Carding. "We sat down and discussed all the challenges that come from connecting a physical object to an intelligent contract, for example by ensuring that the physically represented element is the one referred to in the smart contract."

Each toy will have a near-field communication tag (NFC) resistant to tampering at its feet, allowing owners to use their smartphones or other devices to communicate with the chip. Using the same standard as the token of the famous virtual CryptoKitties, the team coined a non-fungible token compatible with ERC721, or in simpler terms, a crypto-collectable, "said Gray. "Once on the blockchain, Kaiju has a unique identity and a traceable provenance."

CryptoKaijuOliver Carding / KnownOrigin

Represented as a token that is inside an intelligent contract, each toy contains unique metadata describing it. This includes the date of birth, sex, color, a description and two personality traits such as "intelligence" or "creativity". According to the team, some traits and colors will be scarcer than others, resulting in a variable demand for toys, in addition to the excitement of the unknown.

Carding, who first became interested in cryptocurrencies and blockchains about five years ago, said that vinyl toy collectors are hugging when the team is doing.

The idea of ​​having a toy where you can prove scarcity, one with unique digital traits is really appealing to them, he added. Ethereum and NFT fans love the idea of ​​having a physical NFT as well as a fantastic collector's item for their desk.

Interest has also been found by game developers using Ethereum who wish to integrate NFT into their products, as well as distributors and independent owners of toys and art stores who wish to purchase toys. Talks are also held with investors in space.

This is the first step for CryptoKaiju, but their goal is to develop a decentralized platform that "allows the creation and trade of physical objects supported by tokens and improves the way in which the origin for physical art is managed and the collecting, "said Carding.

The individual toys are priced at $ 55 while the subscription boxes are available on a six month subscription at $ 320 and a 12 month subscription at $ 600. Benefits for subscribers include faster shipping, beta access to new features, priority access to special offers, collaborations, new projects and free merchandise.

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