Star Trek Blockchain Collectibles Fetch $100,000 As In-Game Items for Crypto Space Commander - What’s Next?
by R.A. Rowell
The Steam-powered Crypto Space Commander game has already received a ton of hype for its high-dollar auctions of Star Trek-related crypto collectibles. Of course, much of that demand is due to being able to use these unique items in the game itself. Because the Ethereum-powered blockchain game is on Steam, it’s one of the first big crypto games to go mainstream.RSS Feed
Utilizing the Dutch auction technique, Crypto Space Commander developer Lucid Sight Inc. started six Ethereum-based token ships at a whopping price of $200,000 each. For those unfamiliar with Dutch auctions, it’s essentially a backwards auction, with the price going down until the auction drops to a price with a willing buyer. Several of these ships useable in the CSC game, each of which feature a special ability, fetched five figures in terms of US Dollars.
How Did Each of the Star Trek Blockchain Collectible Ships Do at Auction?
The first of the six auctions was the original USS Enterprise captained by James T. Kirk. It fetched a whopping 84 ETH or a bit over $15 thousand US dollars at the time. The most successful of the six auctions was the USS Enterprise D from the Next Generation, which sold for roughly $31 thousand US dollars - about 170 Ethereum at the time. The least successful was the U.S.S. Rio Grande - the runabout from Deep Space Nine - which fetched only about $2 thousand US Dollars - which is still nothing to sneeze at.
Also auctioned off were the IKC Rotarran, the U.S.S. Defiant, and the U.S.S. Voyager. The Rotarran and Defiant each fetched only a few thousand dollars of Ethereum each. (The Rotarran sold for $4,304.32.) The Voyager would be the second most successful of the auctions - fetching $15,851. The six ship auctions combined fetched a total of $72,893 worth of Ethereum. Add in the 2500 Star Trek-themed supply drops sold, which totaled $62,500 in Ethereum, and you have over $135,000 raised for Crypto Space Commander.
I’m not sure how much Lucid Sight had to pay in licensing fees for the rights to the Star Trek material, but it was likely worth the price. There are a flood of gamers coming into blockchain gaming, as well as crypto investors who recognize the value of blockchain collectibles useable in games. Of course, some of these people are also huge Star Trek fans who just love to play a game with their favorite ships. All these things considered, you have a perfect storm of opportunity.
With the Success of Star Trek-Themed Auctions, What Franchise Will License Blockchain Collectibles Next?
With the massive success of Crypto Space Commander’s auctions, who’s next? We know Square Enix is getting involved with blockchain gaming. Ubisoft has plans, as well. Unity 3D has the Enjin SDK that makes it easier than ever to build games with tokens on the Ethereum blockchain. With licensed collectibles from big name franchises, the sky is the limit on what game developers can raise to develop innovative blockchain games.
Of course, it’s likely that the most successful mainstream crypto games will be built on alternative blockchains to Ethereum. Considering the load that’s already been put on Ethereum by the flood of new crypto games built on it, the strain and related transaction fees will make it very expensive for gamers and developers alike. But, there are developments being made, some of which are anchored to the Ethereum blockchain and others using their own blockchains, that should make playing very complex games on the blockchain a reality. Chromia is one example of a blockchain built for complex decentralized applications (DApps) such as MMORPGs.
Wherever blockchain gaming ends up heading, it’s certainly now a reality. Digital blockchain collectibles, especially unique ones, have and will continue to fetch some serious cryptocurrency. With crypto expected to explode in value in the next few years, gamers are going to have a great headstart with early adoption of blockchain gaming.
But, perhaps what really needs to be mentioned is what traditional brands can gain from this emerging market. We’ve seen major sports leagues get involved with Ethereum blockchain collectibles with Major League Baseball (MLB) crypto bobbleheads and the National Basketball Association’s Top Shot “moments.” Both of these collectibles series can be used in fantasy leagues and other games. So, major companies recognize the early trends and are jumping on the bandwagon.
It seems obvious to me that other major intellectual property holders, such as Disney, have so much to gain from this boom. Keep in mind that even as games may come and go, the related tokens which remain on the blockchain survive. We’ve already seen Ethereum tokens transcend their original games and Enjin is making this a major selling point of blockchain collectibles with their Gaming Multiverse. This can happen over and over again, on Ethereum and other blockchains as they grow.
Blockchain Collectibles Applications Beyond Just Gaming
What’s most exciting to me about all of these developments in blockchain gaming and related collectibles? The sale of blockchain collectibles, even licensed ones, can make it easier than ever to raise money for a project. But, it doesn’t have to stop at gaming. Crypto giveaways are now happening for non-gaming DApps. It’s likely in the future that many projects unrelated to gaming will be giving away blockchain collectibles as a marketing plan or auctioning them off to raise funds. There are so many applications for blockchain collectibles to not only be nice investments, but be a way to even just own a part of something.
By purchasing a blockchain collectible, you are in total control of what happens to that token. You literally own a piece of the project it came from. Like any other physical collectible, you can transfer those ownership rights to others for a price. The major differences are that you don’t have to store it, you don’t ever have to worry about it being damaged, or having to ship it. Also, the chances of it being stolen are much lower, as long as you keep your crypto wallet information secure.
Which franchises would you love to see enter the fray of blockchain gaming and crypto collectibles?
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R.A. Rowell is a collectibles enthusiast who comes from a long history of collecting trading cards in both sports and in Trading Card Games. He is passionate about educating the world about the future promise and benefits of digital collectibles, both on the blockchain and off.
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