INSUBCONTINENT EXCLUSIVE:
As we plunge into our baffling future, it is believed that, at some point, we will be trading in cryptographically secure kittens, monsters,
While it is unclear why this will happen, Rare Bits and their new service, Fan Bits, is ready for the oncoming rush.Co-founded by Dave
Pekar, Amitt Mahajan and Danny Lee (who met after selling their gaming startups to Zynga) and Payom Dousti (formerly of fintech VC fund 1/0
Capital), the company trades in digital goods and has built a blockchain-based solution for buying and selling digital collectables
Lee brought in a team of ex-Zynga and other digital platform creators to build a blockchain-based solution for buying and selling digital
For example, on Rare Bits you can buy this monster and battle it against other monsters on the blockchain
Further, with their new platform called Fan Bits, you can buy actual collectables that are tied to the blockchain
For example, you can sell collectible cards and give some of the proceeds to charity
If the new owner resells those cards then some of the resell price also goes to charity, an interesting if slightly intrusive use of smart
contracts.The team has raised $6 million in Series A
We believe that assets on the blockchain mark a fundamental shift in how we own and exchange property
horse of sorts, allowing non tech-savvy creators sell digital art and designs online without having to understand the vagaries of
