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Unlock a $ 200 billion collectible market on the blockchain

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Verified collection projectVF

Verified Collection, a technology startup based in Los Angeles, CA is building a connected world where consumers have True Digital properties of the physical and digital assets they collect. In my last article, I wrote about why the games were ready to change blockchain forever but today, we are looking at a startup focused on unlocking a $ 200 billion dollar market using elements of blockchain technology without the barriers that are found today in the blockchain.

The promise of blockchain and games to drive everyday consumers in this nascent market has caused successful entrepreneurs such as Dil-Domin & eacute; J. Leonares, Founder and CEO of Verified Collection, thinks of alternative creative solutions solving the harsh reality of the non-user-friendly blockchain registration process. He sat with me to explain how they intend to promote mass consumer adoption without the need to worry about complicated workflows for creating accounts that hinder the current blockchain.

But how does Verified Collection (VC) favor consumer adoption through blockchain technology?

Leonares has insisted that Blockchain is here to stay, but as with any major operating system, there are updates along the way that help you improve the functionality and usability of the platform. Although the blockchain in its current form provides a reliable and reliable system that can exchange data between two individuals, the problem lies in microtransactions. We have seen this with CryptoKitties on the Ethereum blockchain and when you get so many transactions that seek to get approved consent on this global register you start to realize the limitation of blockchain technology.

"We can use blockchain elements that are great, while improving the user experience whether it is an on-boarding of an individual or actually using this technology on a day-to-day basis. current system, it's like we're trying to push a square peg into a round hole when it comes to consumer applications Instead of starting with technology, we should focus on the idea and find the right technology, "he explained Leonares.

It's no wonder luminaries like Nolan K. Bushnell, creator of Atari and Chuck E. Cheese have decided to recommend the Verified Collection project

"I have always been a passionate advocate of the future, determined to find things that will be powerful and important in the coming years.There are many projects that take place in the decentralized technological space and I have chosen to recommend Dil-Domin & eacute; I think it will have a big impact on the future, "Bushnell told me.

Using Quantum DHT technology, similar to that used by BitTorrent, VC claims to be able to create a global consensus, but to sign on transactions locally by creating a decentralized peer-to-peer network while building light and robust distributed applications. This removes the entire energy pollution caused by mining activities and solves the transaction concerns per second while maintaining the positive traits of the blockchain.

Another aspect that has been touched is the fact that there are currently no SEC or CFTC regulations for the execution of a KYC / AML test.

"Verified Collection is a social marketplace and platform that works by selling digital collectible products, just as Epic Games uses V-Bucks to allow consumers to purchase in-game skins and avatars, allowing consumers to purchase our in-platform Vyce token To buy our collectible digital items, Vyce will never be put into an exchange, so there will never be any speculation or volatility of the platform token used to purchase these collectible digital items. "

Leonares also added that people will still be required to register for accounts on their platform just as if they needed to create an Epic Games account before they could play Fortnite.

"Who knows in the future when the regulations will become more concrete, we could consider it, but until then we will operate just like any digital platform with the currency of the game.We are also exploring partnerships with stable currencies anchored to the US dollar," he said.

Dil-Domine explained that curating the collections is an innate human behavior and is aware of this, having been a collector for an important part of her life, from matchboxes, action figures, POG, quarters, stamps which then move vinyl toys like KidRobot, Disney's Vinylmation and more recently Funko Pops.

"Apart from that, I'm also a passionate player and what inspired me was watching Steven Spielberg's Ready Player since it's possible to move from one world to another, I think we'd all imagine how the avatars we buy in maybe Fortnite could be used to exchange with another skin in a game like Destiny, we might not be here today but in the future, this is definitely a possibility. "

Leonares has spent tons of money to buy in what he describes as a centralized ecosystem in which there is no real digital property on the physical and digital assets it has collected. He insists that this is where the Verified Collection arrives when you buy the first edition of a comic book and do not want to open it to read it. VC allows you to unlock a digital copy of the comic to read and take with you where you want to go. Who knows, maybe in the process unlocks a skin or an avatar in your favorite video game because you have the digital collectible in your collection? Imagine famous people or celebrities who create digital collectibles and possibly unlock their favorite playlist or cartoon character in video games.

"One of my collections was buying every single XBOX 360 special edition that was released and once while traveling all over the world, I had moved to the People's Republic of China for a year, when I brought all the XBOX 360s to the United States, guys at the customs were perplexed by how many I … "Dil-Domin & eacute; J Leonares, founder and CEO of Verified Collection stated

But what exactly does Leonares mean for True Digital Ownership?

Digital collectibles are also known as non-fungible tokens (NFTs) in the blockchain community are unique and all have an intelligent contract assigned to them that can host data.

"This is what excites me from our Verified Collection offering: although we initially focus exclusively on collectible digital objects, we can now provide our 3-step TAG ™ (Trusted and Guaranteed) fingerprint to authenticate both physical assets that digital what we call the Nexus, "explained Leonares.

Leonares provided the example of DeBeer who used their TAG ™ to trace the diamonds from the mine to the purchase by consumers and, later, as a system of tracking the title that shows that it moves from a person to & # 39; other. This can be beneficial for the non-profit world that can use their digital collectible platform to guide the engagement with the ever-elusive millennial market, and provide new ways to incentivize donation and reward the consumer for his participation; that is Tom Shoes.

The elusive VYCE token logoVerified collection

Another example is how brands can extend their intellectual property in this space and build a deeper relationship using digital objects as a way to engage them with the consumer, where for the first time a brand can tell when the first engagement took place and when the consumer has decided to make a transaction later with the digital collector to unlock bonus content or interactive experiences.

Imagine then a brand of drinks like Coca-Cola that will release limited edition digital collections and with each object to be collected that is unlocked by looking at an ad; your name has been changed to that smart contract. So, if you were to enter a grocery store, you could exchange collectable or multiple items for a digital coupon for a 2 liter Coca-Cola bottle or if you go to a Coca-Cola sponsored event you can exchange your collectibles for a "Share your bottle with … (insert your name)" because of your name attached to the title of that collectible digital.

This is the beauty of digital collectibles and shows how it can be unlocked in a different way than the simple augmented reality object you see in your phone, but also as a certificate of authenticity that helps keep the values ​​of physical resources high.

At the end of the day, what do you want people to take off in this regard from the verified Collection?

"I believe that at the end of the day, blockchain has pushed and inspired people like me to think outside the box by showing the possibility of tokenise the world".

The idea of ​​creating a decentralized ecosystem that is as autonomous as Aragon and some as the Verified Collection that helps provide this authentication and the ability to truly decide what you want to do with the physical / digital assets you collect.

"This is the beauty of the blockchain is that it showed us how it could be an ecosystem without trust and now we just have to make this ecosystem more user-friendly".

Leonares said that their goal is to build a world in which the consumer has a real digital property of the physical and digital assets they collect; "We want to bridge the gap between the physical and the digital world by making it as simple and safe as possible.We can start by showing value in a market that is so focused as collector's items, then we can bring such learning to other sectors as consumer goods. high ", he concluded.

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Verified collection projectVF

Verified Collection, a technology startup based in Los Angeles, CA is building a connected world where consumers have True Digital properties of the physical and digital assets they collect. In my last article, I wrote about why the games were ready to change blockchain forever but today, we are looking at a startup focused on unlocking a $ 200 billion dollar market using elements of blockchain technology without the barriers that are found today in the blockchain.

The promise for blockchain and games to drive everyday consumers in this nascent market has meant that emerging entrepreneurs like Dil-Dominé J. Leonares, Founder and CEO of Verified Collection thought of alternative creative solutions solving the harsh reality of the world. non-user-friendly registration of blockchain processes. He sat with me to explain how they intend to promote mass consumer adoption without the need to worry about complicated workflows for creating accounts that hinder the current blockchain.

But how does Verified Collection (VC) favor consumer adoption through blockchain technology?

Leonares has insisted that Blockchain is here to stay, but as with any major operating system, there are updates along the way that help you improve the functionality and usability of the platform. Although the blockchain in its current form provides a reliable and reliable system that can exchange data between two individuals, the problem lies in microtransactions. We have seen this with CryptoKitties on the Ethereum blockchain and when you get so many transactions that seek to get approved consent on this global register you start to realize the limitation of blockchain technology.

"We can use blockchain elements that are great, while improving the user experience whether it is an on-boarding of an individual or actually using this technology on a day-to-day basis. current system, it's like we're trying to push a square peg into a round hole when it comes to consumer applications Instead of starting with technology, we should focus on the idea and find the right technology, "he explained Leonares.

It's no wonder luminaries like Nolan K. Bushnell, creator of Atari and Chuck E. Cheese have decided to recommend the Verified Collection project

"I've always been a passionate advocate of the future, determined to find things that will be powerful and important for years to come." There are many projects taking place in the decentralized technological space and I have chosen to recommend Dil-Dominé and the team I believe will have a great impact on the future, "Bushnell told me.

Using Quantum DHT technology, similar to that used by BitTorrent, VC claims to be able to create a global consensus, but to sign on transactions locally by creating a decentralized peer-to-peer network while building light and robust distributed applications. This removes the entire energy pollution caused by mining activities and solves the transaction concerns per second while maintaining the positive traits of the blockchain.

Another aspect that has been touched is the fact that there are currently no SEC or CFTC regulations for the execution of a KYC / AML test.

"Verified Collection is a social marketplace and platform that works by selling digital collectible products, just as Epic Games uses V-Bucks to allow consumers to purchase in-game skins and avatars, allowing consumers to purchase our in-platform Vyce token To buy our collectible digital items, Vyce will never be put into an exchange, so there will never be any speculation or volatility of the platform token used to purchase these collectible digital items. "

Leonares also added that people will still be required to register for accounts on their platform just as if they needed to create an Epic Games account before they could play Fortnite.

"Who knows in the future when the regulations will become more concrete, we could consider it, but until then we will operate just like any digital platform with the currency of the game.We are also exploring partnerships with stable currencies anchored to the US dollar," he said.

Dil-Domine explained that curating the collections is an innate human behavior and is aware of this, having been a collector for an important part of her life, from matchboxes, action figures, POG, quarters, stamps which then move vinyl toys like KidRobot, Disney's Vinylmation and more recently Funko Pops.

"Apart from that, I'm also a passionate player and what inspired me was watching Steven Spielberg's Ready Player since it's possible to move from one world to another, I think we'd all imagine how the avatars we buy in maybe Fortnite could be used to exchange with another skin in a game like Destiny, we might not be here today but in the future, this is definitely a possibility. "

Leonares has spent tons of money to buy in what he describes as a centralized ecosystem in which there is no real digital property on the physical and digital assets it has collected. He insists that this is where the Verified Collection arrives when you buy the first edition of a comic book and do not want to open it to read it. VC allows you to unlock a digital copy of the comic to read and take with you where you want to go. Who knows, maybe in the process unlocks a skin or an avatar in your favorite video game because you have the digital collectible in your collection? Imagine famous people or celebrities who create digital collectibles and possibly unlock their favorite playlist or cartoon character in video games.

"One of my collections was buying every single XBOX 360 special edition that was released and once while traveling all over the world, I had moved to the People's Republic of China for a year, when I brought all the XBOX 360s to the United States, guys at the customs were perplexing about how much I had … "said Dil-Dominé J Leonares, founder and CEO of Verified Collection.

But what exactly does Leonares mean for True Digital Ownership?

Digital collectibles are also known as non-fungible tokens (NFTs) in the blockchain community are unique and all have an intelligent contract assigned to them that can host data.

"This is what excites me from our Verified Collection offering: although we initially focus exclusively on collectible digital objects, we can now provide our 3-step TAG ™ (Trusted and Guaranteed) fingerprint to authenticate both physical assets that digital what we call the Nexus, "explained Leonares.

Leonares provided the example of DeBeer who used their TAG ™ to trace the diamonds from the mine to the purchase by consumers and, later, as a system of tracking the title that shows that it moves from a person to & # 39; other. This can be beneficial for the non-profit world that can use their digital collectible platform to guide the engagement with the ever-elusive millennial market, and provide new ways to incentivize donation and reward the consumer for his participation; that is Tom Shoes.

The elusive VYCE token logoVerified collection

Another example is how brands can extend their intellectual property in this space and build a deeper relationship using digital objects as a way to engage them with the consumer, where for the first time a brand can tell when the first engagement took place and when the consumer has decided to make a transaction later with the digital collector to unlock bonus content or interactive experiences.

Imagine then a brand of drinks like Coca-Cola that will release limited edition digital collections and with each object to be collected that is unlocked by looking at an ad; your name has been changed to that smart contract. So, if you were to enter a grocery store, you could exchange collectable or multiple items for a digital coupon for a 2 liter Coca-Cola bottle or if you go to a Coca-Cola sponsored event you can exchange your collectibles for a "Share your bottle with … (insert your name)" because of your name attached to the title of that collectible digital.

This is the beauty of digital collectibles and shows how it can be unlocked in a different way than the simple augmented reality object you see in your phone, but also as a certificate of authenticity that helps keep the values ​​of physical resources high.

At the end of the day, what do you want people to take off in this regard from the verified Collection?

"I believe that at the end of the day, blockchain has pushed and inspired people like me to think outside the box by showing the possibility of tokenise the world".

The idea of ​​creating a decentralized ecosystem that is as autonomous as Aragon and some as the Verified Collection that helps provide this authentication and the ability to truly decide what you want to do with the physical / digital assets you collect.

"This is the beauty of the blockchain is that it showed us how it could be an ecosystem without trust and now we just have to make this ecosystem more user-friendly".

Leonares said that their goal is to build a world in which the consumer has a real digital property of the physical and digital assets they collect; "We want to bridge the gap between the physical and the digital world by making it as simple and safe as possible.We can start by showing value in a market that is so focused as collector's items, then we can bring such learning to other sectors as consumer goods. high ", he concluded.

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