Whether you're a crypto cat person or a doge fan, at some point you're going to want to give crypto collectables a try.
A new app called Editional by former Facebook employees John Egan and Zac Morris wants to create a place where you can create - and even sell - your first one.
The app basically allows you to create and distribute non-fungible token-based crypto collectibles.
To use the app you create a work of art - like this picture of a picture - and set a limited number.
"Every collectible created, traded, or owned on Editional is written to a custom, self-funded NFT contract on the Ethereum blockchain, guaranteeing provable ownership, provenance, and portability," said Egan.
Egan and his team saw that the market was still wide open for crypto collectables.
Given the ease with which I created and gave away my art, it's clear that this might be a better way to manage these sorts of collectables.
Egan envisions a time when artists can sell their art online and require gallery visitors to own a piece in order to visit a show.
Since the art is registered on the ethereum blockchain everyone will know you own this dog and baby forever.
"With Editional, anyone can create long-term relationships with creators and their work, and they don't have to be a blockchain engineer to do it," he said.
New App Lets You Create Instant Crypto Collectables
Published on May 7, 2019
by Coindesk | Published on Coinage
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