What the heck are cryptocollectibles, anyway?

What the heck are cryptocollectibles, anyway?

Every time we write an article about cryptocollectibles, the little red line of every writer’s nightmare appears under the word. “Correct to crypto collectibles?” it asks, as we click “ignore,” “add to personal dictionary,” and scream, “no seriously, it’s a real word!!” at our computer screens. Our coworkers are getting tired of us.

Part of being on the cutting edge is fighting autocorrect, but it’s not the only consequence of wading into waters still vastly unexplored. Even some of our players don’t know a lot about the realm of cryptocollectibles, which is why we decided to write this post!

The instinct to collect a whole bunch of a certain thing is an inherent part of the human psyche, and goes back in time about as far as we can remember. But when we talk about the origin of collectibles, we’re usually talking about manufactured collectibles, and those go back to the beginning of the industrial era. In those days, collectibles were given away when a consumer purchased another product as an incentive for them to choose that product. Cigarettes might have baseball cards in them, for instance, or milk bottles would have decorated bottle caps for kids to collect. In the 1960s, companies started creating collectibles that were sold for their own sake, often as investments, and usually in “limited quantities” (though those quantities were often huge). Think Beanie Babies, Pogs, and even baseball cards, which made the jump from being an added giveaway to a product of their own.

 

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2018-11-16T21:51:34+00:00

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