We already have Dogecoin and Crypto Kitties, but now you can create your own collectibles thanks to a new app called Editional.
Editional is the work of former Facebook employees, John Egan and Zac Morris. They wanted to create a place where anyone could “create, collect and redeem unique digital collectibles.”
It appears to be pretty easy to use as well, according to the website, which says,
Create your own limited edition collectibles
• Turn any image into a digital collectible set
• Authorship is secured on the blockchain
• Validate owners to grant them special privileges
And you can build a personal collection:
• Claim the best collectibles before they’re gone
• Trade with your friends and other collectors
• Show off and share what you’ve found
• Follow your friends and favourite creators.
• Chat with creators and other owners about their work.
• Connect to other applications and bring your collectibles with you.
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 and set a limited number. Users can grab and keep your art and even resell it.
Egan said: “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. We’re by far the easiest experience out there for NFTs today. Other solutions are web based, require you to have a third party browser extension installed, and require you to purchase cryptocurrency first to be part of the community.”
The company raised $1.5 million from ConsenSys, FirstMark, DCG, CoinFund, Unusual, and Raptor for the project.
Egan and his team believe that the crypto collectibles market is open for expansion: “We had previously built a mobile wallet called Vault that had basic support for NFTs purchased from dApps and from that we quickly learned that people were really excited about these collectible things,” said Egan. “They were fun to own and trade and all our friends who were creators wanted to make some themselves but the barrier to entry was too high for most of them to get involved.”
You don’ t have to be an artist to create ‘art’ for this new platform, but Egan hopes that in the future, working artists will use it to sell their art online and that they will be able to require gallery visitors to own a piece in order to visit a show. Plus, since the art is registered on the ethereum blockchain, ownership is undisputed.