CryptoKaiju releases V2 of blockchain-based, vinyl collectibles

- Advertisement -

A year after launching the first-ever, Ethereum-based, collectible vinyl toy, UK-based CryptoKaiju is today releasing V2 of its popular collectibles. Will the new batch be as highly coveted as V1?

The latest collectible toy, the “Jaiantokoin”—which seems to be CryptoKaiju’s version of katakana- ized Japanese for “giant token”—will sell for $55, and is similar in look and functionality to the first generation. Styled as an anthropomorphic crypto figure, the vinyl figure is embedded with a tamper-resistant NFC tag that allows users to track the collectible’s provenance and ensure its digital uniqueness.

Each vinyl toy is also backed by a non-fungible ERC-721 token that will contain information about the collectible, including metadata about its personality traits, gender, birth date, and color. ERC-721 tokens are also used by the former sensation, CryptoKitties, a digital collectible based on the Ethereum blockchain.

Oliver Carding, the co-founder of CryptoKaiju, said the company was “amazed by the demand for our first collectible,” and that the company is still “receiving weekly requests from people looking to buy one.”

Carding also noted that they have incorporated some changes to the latest version of the collectible, including revising the original design to ensure that the tamper-resistant NFT is as secure as possible.

CryptoKaiju’s latest release will be limited to 250 collectibles, which ought to help ensure its rarity.

- Advertisement -

Will lightning strike twice?

The first CryptoKaju toys apparently sold well. According to Carding, the company sold half its stock in the first week—and sold out entirely in a month. A few weeks later, one sold at auction for 0.083 BTC, which at the time was worth $280 USD. Now that the vinyl toys have garnered more publicity, they may sell for even more on the secondary markets in the coming weeks.

The company said that the details of all the collectibles in existence can be found in their dApp or in their contract.  It has been getting the token and dapp listed on a number of wallets, including Opensea, Trust Wallet and Coinbase Wallet.

Despite the persisting bear market, it does, in fact, appear that market participants are interested in Ethereum-based vinyl toys. So, who knows, maybe CryptoKaju vinyl toys will be the next Cabbage Patch Kids.

- Advertisement -

This post was originally published on Decrypt. Bitnewsbot curates, examines, and summarizes news from external services while producing its own original material. Copyrights from external sources will be credited as they pertain to their corresponding owners.

Previous Articles:

- Advertisement -

Latest News

Ripple Applies for US Banking License, Seeks Fed Master Account

Ripple Labs is seeking a national banking license in the United States from the...

Radix Launches Early Test for 1 Billion XRD DeFi Rewards Campaign

Radix will run a public test of its new DeFi rewards campaign from July...

Investors Pump $380M into Four Surging DeFi Protocols in June

Four emerging DeFi projects saw a combined inflow...

FHFA Chief Demands Probe Into Powell Over $2.5B Fed HQ Revamp

FHFA Director William J. Pulte has called for an immediate Congressional investigation into Federal...

SEC to Review Grayscale GDLC ETF Approval, Stays Conversion Order

The U.S. Securities and Exchange Commission (SEC) is reviewing its staff’s approval to convert...

Must Read

The 10 Best Crypto Podcasts You Can’t Miss

Table of ContentsBest Cryptocurrency Podcasts To Add To Your Playing List1. The Money Movement2. The Crypto Conversation3. The Pomp Podcast4. What Bitcoin Did5. The...