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What are cryptogoods?

Unlike traditional digital goods, cryptogoods exist on a blockchain like Ethereum. This lets you do things never before possible like owning your goods forever, selling them worldwide safely, using them in apps and games that anyone can create, tracking a history of ownership, and being able to prove their authenticity.



πŸ† YOU OWN THEM πŸ†

Cryptogoods are safely stored inside your own digital wallet like MetaMask or Coinbase Wallet. Only you have access to this wallet and it’s up to you what you do with the goods. Because the goods live on a public blockchain like Ethereum, they can exist forever β€” even if the app or game that created them gets shuts down.

Traditional digital goods Goods you own can be taken away from you or disappear if the issuer shuts down.
Cryptogoods You truely own the goods and they’ll live on forever β€” even if the issuer shuts down.

πŸ™€ YOU CAN PROVE THEIR SCARCITY AND AUTHENTICITY πŸ™€

Typically, digital goods can be easily copied. With cryptogoods, the good is provably scarce β€” i.e. the number that exists is public and can be verified. Not only that, because cryptogoods are public, they make it simple to prove that the good is authentic. So what does all of this mean? You can have confidence in knowing that your goods are actually scarce (just like real-world items), as well as know who created them.

Traditional digital goods Digital goods can be easily duplicated and knowing how many can exist is unknown.
Cryptogoods You know how rare a digital good is, who created/owned it, and can be assured that it can't be directly duplicated.

πŸ€‘ YOU CAN SELL THEM πŸ€‘

While traditional digital goods often can't be resold, or at least not easily, cryptogoods can be sold 24/7, worldwide without you even having to know or communicate with the buyer. Cryptogoods marketplaces like Rare Bits and Open Sea make it easy to sell any cryptogoods you own.

Traditional digital goods The games and apps you get your goods from typically don't offer a direct, safe way to sell your goods.
Cryptogoods You can safely sell your goods to anyone around the world whenever you want.

πŸ‘Ύ YOU CAN USE THEM IN DIFFERENT APPS/GAMES πŸ‘Ύ

Traditional digital goods only exist in the app or game you received them in. What makes cryptogoods special is that developers of other apps and games can offer new experiences for your cryptogoods. With games like CryptoKitties, you buy a kitty, but other apps such as KittyHats let you do unique things with the kitties you own like accessorize them. This means that your cryptogoods may continue to offer new ways to use them over time!

Traditional digital goods Where you acquired your goods is where they typically remain. You can't use them elsewhere.
Cryptogoods You can use your goods in other games and apps as 3rd party developers build new experiences for them.

APPS TO DO MORE WITH THE CRYPTOGOODS YOU OWN

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