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Just in time for the holidays, a British startup is launching a line of crypto-themed toys
Concerned about the lack of provenance and authenticity of designer toys, CryptoKaiju has launched a series of unique collectible toys that are trackable on the blockchain.
His first leading figure, designed to illustrate a monster with a Bitcoin theme, is nicknamed "Genesis", a nod to the first block in a blockchain. The monster is on sale now for $ 55 plus shipping.
For each Genesis toy purchased, the buyer will get a unique token within an intelligent contract. The token will show in detail the metadata of the toy, including date of birth, color, gender, a brief description and personality traits – which is where the scarcity comes, creating a variable demand for toys, since no single toy will ever be the same .
CryptoKaiju will also publish a subscription service that will be launched a week after the toys will be shipped to customers. The subscription service will reward subscribers with a unique Kaiju every month, along with a corresponding ERC-721 token. Users have the possibility to register for a period of 6 or 12 months.
CryptoKaiju was founded by Oliver Carding of Coin Journal together with David Moore, James Morgan and Andy Gray, the three co-founders of Known Origin's digital art market. In an e-mail correspondence with Bitcoin Magazine, Carding said that the founders were inspired by the problems of authenticity they had experienced in the past in collecting design toys.
"When I met the guys from KnownOrigin I was introduced to the world of ERC-721 art that brought me to the idea of creating a physical collectible object, with many challenges, exactly from the way we connect the toy to the intelligent contract, the way we ensure that the tag can not be removed and linked to another object, "explained Carding.
"With their wealth of experience in space, we've released a product that I'm proud of – I hope when someone opens their Kaiju and scans them for the first time they get the same nostalgic feeling they had when they opened their Bearbrick to see if they got the chase from the series. "
The company plans to send the first batch of Genesis data before December 2018. Toys are expected to provide users with provenance, scarcity and authenticity.
According to Carding, the first batch will be limited to 130 pieces and will not be re-released. Once the stock is exhausted, the company will create a new set of vinyl toys that will be marked as a separate game within the smart contract. The new models will vary in color, style and digital features.
Users will be able to use their smartphones and other devices to read their kaiju's metadata. By scanning a field communication chip near the tamper (NFC), inserted into the foot of each collector's item, toy holders will be able to access the toy ID, which can be used to search for toy metadata. # 39; internal of the dApp.
