The digital collectibles market is one of the most stable and profitable over time. And Bitmonds’ project, with its small col-ored digital diamonds, is contributing to the evolution of this sector. Bitmonds are three-dimensional collectibles, interac-tive and wearable, whose uniqueness is guaranteed by the Blockchain. They are organized in collections with limited numbering. Created by the Italian company Vanilla Rocket, they quickly reached 60,000 pieces sold in the world.
Collecting is part of all of us, ever since we collected the stickers of our idols. Because it makes us feel part of a tribe of our fellow men, in which we try to emerge by owning a precious limited edition piece.
And collecting market is growing faster thanks to digital solutions.
For example, let's think about how much money is spent on the skins of our avatars in videogames.
And now even collecting becomes digital, to intercept the interest of new generations of Digital Natives and to solve the main problems of physical collecting, such as the plague of counterfeiting.
In the beginning there were the Cryptokitties. In 2018 over ten digital collectibles were sold at a price above $ 100,000 each and the market has been estimated at more than $ 200 billion. Incredible numbers.
In this context, Italian startup Vanilla Rocket launched Bitmonds’ project at the beginning of 2019. At the moment, more than 60,000 unique Bitmonds have been generated by collectors from more than 46 different coun-tries.
Bitmonds are 3D digital diamonds that can be worn on a smartwatch like digital avatars and are a perfect example of the revolution of the market. They cannot be counterfeited, and ownership and rarity are easily proven through registration on the EOS Blockchain, via a Smart Contract.
The advantages are simple to explain: the software would recognize and make unusable a fake digital collectible, while a counterfeit physical col-lectible can still be used and sold in the market. By creating damage to all market players.
To give an idea of the economic damage, the counterfeiting market has cost up to 2.6 million jobs, with an expected loss of jobs between 4.2 and 5.4 million by 2022.
Bitmonds are organized in collections through an Album, manageable on a device and shareable on social networks. All with a click. In line with the experience we are used to in every sector.
Each one goes beyond the concept of limited edition because it is totally unique. It is characterized by a unique and progressive ID number, a color, a name, and purity characteristics.
The first collection ended with over 45000 unique pieces generated and the Second Collection is already available for sale, at the time we are writing this article.
Collectors from all over the world exchange their Bitmonds through the main portal, with the aim of completing every Collection and Season. Or even just to show a very rare or high purity specimen.
Completing the Album is not only a simple goal for fans, because Bitmonds offers an attractive Loyalty Program that takes to monthly benefits for complete or partial collections. The credits yield attractive prizes, such as gift coupons and smartwatches. It is the first time that a collecting project offers this type of advantage in exchange for the mere fact of owning a collectible.
It is possible to give something really unique to someone very special with a click. Because each item is not replicable.
A very innovative aspect of this new concept of collecting is wearability and a new concept of Digital Fashion.
An interactive digital collectible that, through the infinitesimal thickness of a screen, becomes the ideal point of contact between the physical and the digital world.
There are currently other Blockchain-based digital collectibles in the world. Most are cryptocurrency related or not affordable. But no one al-lows to wear a digital asset on a smartwatch. Being able to use collecti-bles every day, without fear of decay or theft. Without keeping them hidden in glass cases as for physical collectibles.
Bitmonds are wearable on a Smartwatch iOS or Wear OS, to match the outfit’s color or the mood of the day. For example it’s possibile to wear a full red Bitmonds called “Maranello" generated in only 185 pieces during First Collection. A digital piece of Italy on the wrist.
It’s an alternative way to communicate feelings and passions.
From what we see on Bitmonds’ project portal, this seems to be just the beginning of something that could revolutionize a historical market.