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- Altcoin Report - May 2020
Altcoin Report - May 2020
Edging into a market that's $100 billion and growing quickly
Note: this report is accurate as of its publication but some details will change over time. Please check the posted date above.
What’s one of the biggest problems cryptocurrency can solve?
The cost and complexity of moving property from one person to another.
In fact, this problem gave birth to one of the biggest, most-immediate, and widespread use cases: non-fungible tokens and other cryptographically-secure, unique items nobody can forge or counterfeit, with rules that never change without consent of every person who buys and sells them.
If it seems like every blockchain is tackling this problem, that’s because it’s a huge problem that spans many markets and almost every product niche.
Today’s altcoin report looks at a crypto project that can fill one of these niches. It’s a decentralized marketplace and dApp platform for gaming items and virtual collectibles. The project aims to make it quick, easy, and inexpensive to create, buy, and sell digital goods.
What types of digital goods?
Anything, really. Collectibles, souvenirs, gaming items, and tokenized property of any kind.
Unlike many of the other projects building this type of platform, today’s project makes it easy for people to participate in the network. Its development community keeps growing and its team has locked down a partnership with one of the best-known, oldest brands in mass-market collectibles.
But hardly anybody talks about it.
When I started writing this report, I could have said it’s a tiny project, but then its token price went up 50% so I can’t say it’s tiny anymore. Still, it’s pretty small, even by crypto standards.
What is this project?
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