U.K. Startup Launches Crypto-themed Toys; Oh, and They’re on the Blockchain

Just in time for the holidays, a U.K. startup is launching a line of crypto-themed toys

Concerned about the absence of provenance and authenticity for designer toys, CryptoKaiju has launched a set of uniquely collectible toys that are traceable on the blockchain.

Its flagship first figure, designed to illustrate a monster with a Bitcoin theme, is dubbed “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 that sits within a smart contract. The token will detail the toy’s metadata, including birth date, color, gender, a brief description and personality traits — which is where the scarcity comes in, creating a varying demand for the toys, as no single toy will ever be alike.

Coinbase 2

Crypto Kaiju

CryptoKaiju will also be floating a subscription service that will launch a week after the toys ship out to customers. The subscription service will reward subscribers with a unique Kaiju every month, along with a corresponding ERC-721 token. Users have the option to subscribe for a 6-or 12-month period.

CryptoKaiju was founded by Coin Journal’s Oliver Carding along with David Moore, James Morgan and Andy Gray, the three co-founders of digital art marketplace Known Origin. In an email correspondence with Bitcoin Magazine, Carding said the founders were inspired by the authenticity issues they had experienced in the past collecting designer toys.

“When I met the guys from KnownOrigin I was introduced to the world of ERC-721 art which led me to the idea of creating a physical collectible which has come with a lot of challenges, from exactly how we link the toy to the smart contract, to how we ensure the tag can’t be removed and attached to another item,” Carding explained.

“With their wealth of experience in the space, we’ve released a product that I am proud of. I hope when someone opens their Kaiju and scans it for the first time they get the same nostalgic feeling that they had when they opened up their Bearbrick to see if they got the chase from the series.”

The company plans to send out the first batch of Genesis figures before December 2018. The toys are expected to provide users with provenance, scarcity and authenticity.

According to Carding, the first batch will be limited to 130 pieces, and it won’t be re-released. Once the stock is exhausted, the company will create a new set of vinyl toys which will be marked as a separate batch within the smart contract. The new models will vary in color, style and digital traits.

Users will be able to use their smartphones and others devices to read their kaiju’s metadata. By scanning a tamper-resistant, near field communication chip (NFC) built into the foot of each collectible, toy owners will be able to access the toy ID, which can be used to look up the toy’s metadata within the dApp.

U.K. Startup Launches Crypto-themed Toys; Oh, and They’re on the Blockchain 1
blank
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 39,910.00
ethereum
Ethereum (ETH) $ 2,292.79
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 311.84
cardano
Cardano (ADA) $ 1.28
xrp
XRP (XRP) $ 0.716406
usd-coin
USD Coin (USDC) $ 0.999317
dogecoin
Dogecoin (DOGE) $ 0.207454
polkadot
Polkadot (DOT) $ 14.47
binance-usd
Binance USD (BUSD) $ 0.999277
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 39,910.00
ethereumEthereum (ETH)
$ 2,292.79
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 509.15
litecoinLitecoin (LTC)
$ 138.97
bitcoinBitcoin (BTC)
33.828,71
ethereumEthereum (ETH)
1.943,43
tetherTether (USDT)
0,847625
bitcoin-cashBitcoin Cash (BCH)
431,57
litecoinLitecoin (LTC)
117,79
bitcoinBitcoin (BTC)
28,932.75
ethereumEthereum (ETH)
1,662.16
tetherTether (USDT)
0.724950
bitcoin-cashBitcoin Cash (BCH)
369.11
litecoinLitecoin (LTC)
100.75

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
KuCoin hackers steal $150 million
KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M
September 29, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin39,885 0.08 % 1.80 % 23.16 %
Ethereum2,291.8 0.15 % 0.07 % 14.37 %
Tether1.000 0.39 % 0.44 % 0.11 %
Binance Coin311.74 0.50 % 0.48 % 6.09 %
Cardano1.280 0.08 % 0.69 % 8.76 %
XRP0.7157 1.01 % 11.67 % 24.75 %
USD Coin0.9991 0.15 % 0.37 % 0.85 %
Dogecoin0.2074 0.54 % 1.78 % 8.25 %
Polkadot14.46 0.13 % 1.63 % 16.62 %
Binance USD0.9990 0.12 % 0.39 % 0.83 %

bitcoin
Bitcoin (BTC) $ 39,946.00
ethereum
Ethereum (ETH) $ 2,291.86
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 312.37
cardano
Cardano (ADA) $ 1.28
xrp
XRP (XRP) $ 0.706380
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.208509
polkadot
Polkadot (DOT) $ 14.61
binance-usd
Binance USD (BUSD) $ 1.00