OnChain Studios was inspired by physical surprise collectibles and created Cryptoys as "blind bags on the blockchain." Unlike the excitement that wears off with tangible toys after some time, the experience of a digital plaything has the potential to last much longer, especially since its value can go up over time or be traded for something entirely new.
Cryptoys are blockchain-based, fully interactive digital toys that have the ability to evolve and unlock new experiences and games. Like unboxing a physical toy, Cryptoys emerge from CryptoyCubes to recreate the element of surprise.
OnChain Studios raised $7.5 million USD to support its mission to build an NFT-native digital toy company for the next generation of collectors. Co-founder Will Weinraub says "Simply put, we want to build the most entertaining and accessible NFTs for collectors."
Collectible Digital Toys
Cryptoys is an NFT-Native Digital Toy Company for Kids of Tomorrow
Trend Themes
1. Blockchain-based Digital Toys - The trend of creating blockchain-based digital toys that offer unique and long-lasting player experiences could be disruptive innovation for the gaming industry.
2. Nft-native Collectibles - The trend of creating NFT-native collectibles, like Cryptoys, could disrupt the traditional collectibles market by introducing a new format for ownership and trading.
3. Interactive Evolving Toys - The trend of creating interactive digital toys that evolve and unlock new experiences and games could be a disruptive innovation for the toy industry by offering longer-lasting and more dynamic play experiences.
Industry Implications
1. Gaming - The gaming industry could benefit from blockchain-based digital toys that offer new and exciting experiences for players and collectors alike.
2. Collectibles - The collectibles market could be disrupted by NFT-native collectibles, like Cryptoys, by introducing a new way to own and trade unique items.
3. Toy - The toy industry could benefit from creating interactive, evolving digital toys that offer longer-lasting and more dynamic play experiences for kids and collectors alike.