KidsTrade is a Toy App That Allows Children to Swap Games and Goods Safely
Alyson Wyers — February 24, 2016 — Life-Stages
References: kidstrade & springwise
This toy app introduces the sharing economy to kids. Based in Princeton, startup KidsTrade narrows in on the playground activity of trading goods -- but in the digital age. The peer-to-peer marketplace lets young users safely exchange toys, games, clothes and more on mobile and tablet devices.
The KidsTrade team hopes their toy app will create "an entertaining and educational experience" for both grown-ups and children. With parental approval, youth can buy and sell products using the platform. KidsTrade links users with classmates and friends they already know, giving guardians the ability to adjust boundaries as well.
This teaches young people their toys come at a cost, to take care of their things and how to integrate green practices. It also keeps clutter under control at home while giving children independence.
The KidsTrade team hopes their toy app will create "an entertaining and educational experience" for both grown-ups and children. With parental approval, youth can buy and sell products using the platform. KidsTrade links users with classmates and friends they already know, giving guardians the ability to adjust boundaries as well.
This teaches young people their toys come at a cost, to take care of their things and how to integrate green practices. It also keeps clutter under control at home while giving children independence.
Trend Themes
1. Toy Sharing Economy - The concept of sharing economy is introduced to children through a toy app like KidsTrade.
2. Peer-to-peer Marketplace - The peer-to-peer marketplace model can be adapted to cater to a younger demographic, opening up opportunities for toys and games.
3. Mobile Trading Platforms - With the rise of mobile devices, apps like KidsTrade can leverage this trend to create a convenient and safe space for children to trade their goods.
Industry Implications
1. Toy Industry - The toy industry can explore opportunities to adapt to the sharing economy trend by creating more products that are conducive to swapping and sharing.
2. Edtech Industry - The edtech Industry can incorporate technologies that teach financial literacy, green practices, and the basics of trading and economics into their products.
3. Mobile App Industry - The mobile app industry can cater to the younger demographic by creating safe and intuitive trading platforms that mimic the user experience of apps like KidsTrade.
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