We’ve all collected cards, action figures, stickers, and comic books but thus far, digital collections are a technical challenge. That may soon end. Dapper Labs introduces a digital collection technology that could become a cultural phenomenon. And they’re doing it using blockchain.
The latest collectible from Dapper Labs will be Dr. Suess decals. The decals can be purchased with Ethereum and then sold or traded with others. Each decal will use blockchain to assign a unique digital id that makes the decal distinct from all others. In other words, you will be able to buy a pack of digital decals, unwrap the decals, and each decal can be treated as a unique, authentic collectible. Packs can even include variants or rarities and each collectible is complete irreproducible. Once a user owns an asset on the blockchain, it can never be copied or taken away (unless they decide to trade or sell it).
Dapper tried this previously with a collectible called Crypto Kitties which allowed users to collect, breed, and trade one-of-a-kind digital cats. They went viral and sold over $100,000 worth of digital cards before the market for digital collectibles slowed. This time however, Dapper has inked deals with prominent sports leagues such as the NBA and UFC. Thus, many think digital trading could finally take off.
Here’s how Dapper explained the upcoming NBA Top Shot product.
“NBA Top Shot will feature a social experience built around limited-edition digital collectibles, as well as a variety of games and experiences anchored around the collectibles designed to create a fun, authentic, and accessible fan engagement on blockchain technology.
Unlike other sports games or fantasy brackets, players can acquire live, in-game moments from the NBA season, like a Kawhi Leonard buzzer-beater. Players can also acquire history-making moments, such as Klay Thompson scoring 37 points in a quarter, Giannis Antetokounmpo being named the 2018–19 MVP and Dirk Nowitzki’s last basket as a Dallas Maverick. Embedded in the digital collectibles are real-world data that defines these moments and plays an influential role in a variety of different games.
These digital collectibles are more than just memorabilia that fans can own and use forever — they’re game pieces in upcoming experiences. Players will be able to trade, compete with, and use these items in online tournaments and leagues.
Like all Dapper Labs products, NBA Top Shot will deliver a high-quality user experience and the unique benefits that blockchain offers: true ownership, immutability, and the ability to transfer value in a peer-to-peer marketplace.”
To use Dapper, you install a Google Chrome extension and sign up for an account. A code is texted to your mobile device and you must verify your email address. A “digital rescue kit” will be provided which you download to your device. Open the rescue kit PDF and paste the recovery key into Dapper to confirm receipt. You’ll then buy Ethereum digital currency to make purchases which of course, involves another round of questions and confirmations. The signup process is a tad complex but hey, this has always been the blockchain way.
If you are a developer or artist interested in creating unique digital collectibles, check out Dapper Lab’s developer-friendly blockchain platform, Flow.