There's been a lot of noise recently surrounding the financial potential for Bitcoin, and CryptoDoggies shows the fever pitch that it's risen to. That said, it's difficult to deny the goofy charm of the blockchain-guaranteed pups.
CryptoDoggies are clearly inspired by Cryptokitties, the cat-based blockchain system released a few months ago. From the silly proportions to the googly eyes, CryptoDoggies are indebted to their feline ancestors.
Aside from design, CryptoDoggies are also based on blockchain technology. They use blockchain-secured encryption to ensure that collectors have exclusive domain over the tokens that they own, preventing copying or other shenanigans. Further, CryptoDoggies owners can "breed" new dogs based on the one's they currently own to create completely unique tokens.
CryptoDoggies were developed by Baidu, the Chinese search engine giant.
Canine Cryptocurrency Concepts
CryptoDoggies is Yet Another Take on Crypto Tokens
Trend Themes
1. Crypto Collectibles - There is an opportunity to explore the world of collectibles and create blockchain-based unique merchandise that stands out from traditional collectibles.
2. Blockchain-based Licensing - Blockchain technology can be used to create secure, licensed digital content including music, movies, video games, and more.
3. Gamification of Digital Assets - Exploring new ways to use games to engage with audiences and to create new models of distribution and monetization of virtual environments.
Industry Implications
1. Blockchain Technology - Blockchain industry can invest in creating new models of exclusive ownership and harness the unique digital authenticity of blockchain technology.
2. Digital Collectibles - Social media and online platforms can leverage blockchain technology to create and distribute new types of digital collectibles from tweets, memes, and more.
3. Digital Gaming - Game developers can use blockchain technology to create innovative, distributed and secure gaming experiences, while also exploring new monetization models within virtual environments.