Recently a Reddit posting introduced the new crypto-collectible Star Cards, a way to spread the love for the world’s greatest celebrities. Even older celebrities like Fred Astaire are available on the platform. The new DApp has only recently been launched, so it’s still early to say how it is functioning.
The cards are based on the Ethereum blockchain, each being unique for the celebrity it represents. Star Cards are like baseball cards, except they’re virtual and focused on celebrities. Each card can only be staked by a single participant, with a huge number of celebrities being available on the platform. Not to mention, there is a whitepaper that can be read on the entire process of collecting cards.
According to the whitepaper, each virtual card contains the representation of a single celeb. They’re immutable cards that have been created with scarcity in mind – built on the Ethereum blockchain – stored on smart contracts, making them scarce and valuable.
Because they are essentially tokens on Ethereum’s blockchain, no one can manipulate them in any way. Star Cards cannot be stolen, erased, or changed – instead they’re non-fungible, making them the ideal digital collectible. They are also being placed on the ERC-721 interface for heightened security.
The value, address and contract for Star Cards can be seen here on Etherscan.io. At the time of this writing it’s an extremely new platform, with a small Ether value of only $7.54 USD, but will surely grow in time. There have literally only been about twenty transactions so far, making the platform a hot trading option for new investors wanting to get in early while cards are cheap.
Why Use Celebrities For Star Cards?
There’s appeal to celebrities, the allure of being famous is enough to cause most people to get excited about collecting the cards. Not only that, but there are a lot of celebrities out in the world, making Star Cards variety endless – with huge data sets – new cards can always be created. The difference between Star Cards and other similar platforms, is with these cards, ownership of the assets is permanent.
The cards are verifiable, unique and stored on the Blockchain, with unique cards planed for release on a regular basis. One aspect of collectibles that must be there is variety, otherwise people get bored. There must also be a suitable way to verify the authenticity of the collectible, hence why they placed them on Ethereum’s blockchain, one of the most trusted platforms in the world for security.
There is already a huge list of celebrities available for trading purposes, each of whom from different points in history. And it’s not just actors and actresses, cards with historical figures like George Washington can be purchased for trading. Others include Sasha Grey the porn actress or even Bitcoin’s founder Satoshi Nakamoto, although it’s still unclear what the card for the creator will look like.
Collectible are nothing new, but the digital ones are. There have been other crypto-collectibles already, namely CryptoKitties and CryptoPunks, but they’re not the same as Star Cards. Because the cards feature famous people from different time periods and genres, there is more attraction to trading them and holding them. The cards are easy to store, being placeable on any Ethereum wallet which incorporates the Metamask.
One unique aspect of Star Cards is the fixed 586,155 cards available to be traded. That’s a lot of cards however, making for long-term trading, with no potential of new cards being created or old ones being destroyed.
The first Star Card was only released yesterday on July 23rd, 2018 – with more being released following the Genesis card. The platform isn’t being looked at as a scam of any type, with respectable crypto-investors already gaining footholds in the project. Some of the celebrities already traded have been Christina Aguilera and Prince, with a community talking about the cards on the companies Discord Group.
Star Cards is still in its’ infancy, so the website is mediocre currently. You can still search for celebrities, however, not all will bring up a profile with a picture just yet. Surprisingly enough however, I was able to find Lamb of God, a hardcore metal band, which proves the list of celebrities, bands and historical figures is massive. It’s a good sign for the new platform, which will surely give the users fun times when trading for months and years to come.
What do you think? How valuable can a digital collectible become? Leave your guesses in the comments below.