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