CryptoKaiju VS MakersPlace

Regardless of my feelings about nfts & crypto, the claim that this is the "first crypto toy" is total bs, crypto kaiju has existed for years. I've even spoken to the guy that started it. Source: over 2 years ago

It's actually been done for a while now. I personally don't think it's that great of an idea, the vinyl toy reselling market is extremely volatile, vulnerable to exploitation, and outside of a few tend to lose value really quickly, combining that with cryptocurrencies which are also extremely volatile, vulnerable to exploitation, and outside of a few tend to lose value really quickly doesn't really help either... Source: about 3 years ago

Not the first to do it though, check http://cryptokaiju.io/. We've been doing this for 2.5 years. Source: about 3 years ago

Usually it has been a form of tokenization using physical sensors that would provide some unique id to the object that's also replicated on the blockchain to prove ownership like these things. https://cryptokaiju.io/. Source: about 3 years ago

Tokenization of real assets is possible and here is an example https://cryptokaiju.io/. Source: about 3 years ago

To take Beeple's $69M NFT as an example, its JSON metadata points us to an IPFS gateway run by http://makersplace.com. Source: about 2 years ago

In theory, but if the hashed file is a JSON that contains a link for the media source of "ipfsgateway.makersplace.com/[UNIQUE STRING]", and makersplace.com goes under, wouldn't it be very challenging to recover the actual file stored on the p2p network and update the embedded link? Source: about 2 years ago

Most IPFS hash's return a JSON file that contains a link to an IPFS gateway that is hosted by the company that minted the NFT. Sure this type may not expire on its own, but if makersplace.com goes under, ipfsgateway.makersplace.com will cease to be hosting anything. Source: about 2 years ago

More likely that the art will live as long as the gateway provider lives. Even for the $65M Beeple purchase, the IPFS hash points to a gateway provided by makersplace.com, which is an NFT minting startup. If they go bust, no one maintains the IPFS gateway, and the $65M NFT points to an IPFS hash that returns a json file that contains a description, a few properties related to the NFT, and a dead link. Source: about 2 years ago

More than half of the artists $100K club sell on more than one platform, the average being two. SuperRare was the most popular amongst the sample group followed closely by MakersPlace. https://media.giphy.com/media/l0MYvOjkBiEB0zjTq/giphy.gif. Source: about 2 years ago