Over the course of 2017, there’s been a lot of blockchain projects, and the Initial Coin Offering (ICO) craze has been off the charts. One thing is for sure: a great majority of these ERC-20 tokens and some of the aspiring distributed ledger efforts have produced very little value, minus the gains and losses captured from speculative markets. However, there is one blockchain project created a year ago that has created a robust ecosystem based on a popular internet meme — Pepe the Frog.
Preserving the Rareness of Pepe the Frog
It’s been over a year since the Rare Pepe blockchain trading card economy was created bringing the dankest, most rarest pepes to the cryptocurrency environment. News.Bitcoin.com reported on the launch of the first few series of Rare Pepe cards traded as counterparty (XCP) assets over the bitcoin blockchain.
Rare Pepe cards are basically assets designed utilizing the Counterparty blockchain similarly to the popular card game Spells of Genesis. Counterparty assets are held within the Bitcoin blockchain inside traditional BTC transactions. These tokens or assets are different than the technology used in Colored Coins, as they are not tethered to a specific BTC address or balance. This allows people to transfer bitcoin without affecting underlying assets like Rare Pepes. In addition to the technology behind these collectible cards, pepes are traded on the decentralized Counterparty-based exchange called DEx. Utilizing the DEx exchange, users can purchase and exchange extremely rare pepes in XCP-denominations. Pepes can also be collected using the Rare Pepe Wallet which supports XCP, BTC, Pepecash, and gift cards.
Due to the frog’s extreme popularity, the Rare Pepe blockchain scene has a robust community, foundation, a wallet, and a trading card directory. Since then the community has grown significantly, and certain cards have been exchanged for thousands of dollars this year. As far as laughter and immutable Pepes that are always available on the blockchain go, this grassroots community has produced far more value than most ICOs in 2017.
“For years people have been trying to preserve the rarest of pepes from being stolen — Thanks to bitcoin and counterparty we can associate these Rare Pepes with tokens to make them truly rare,” explains the Rare Pepe blockchain trading card’s directory page.
Now Pepes can preserve their rareness and actually be traded on the market.
The Rare Pepe Blockchain Economy Grows in 2017
Blockchain-based Rare Pepes are actively traded on the market alongside the community’s native token Pepe Cash. Back in 2016 Pepe Cash was trading at less than $0.000087 per token and these days it trades for $0.02. Further, as far as the collectible pepes are concerned, some cards have traded for thousands of dollars. For instance, the very rare card ‘Lord Kek’ (only 10 made) traded for 1600 XCP or $22,720 at today’s spot prices. The first series ‘Satoshi Nakamoto’ card (300 in circulation) has traded for $2000.
The Rare Pepe Directory shows the card assets now have a total of 30 series with roughly 20 cards per set. The compendium of Rare Pepe blockchain assets now includes cards like Marty Pepfly, Pepe Punchout, Games of Trump, Pepe Soup, the Dark Pepe, Playboy Pepe and so many more. Scrolling through the entire directory of blockchain based pepes can take hours and even days to review, as the library is not only dank but vast.
The Rare Pepe Community Isn’t Going Away, It’s Immutable
These days the community’s Telegram group has over 1500 active members sharing and discussing their very favorite pepe cards. Alongside this is the Rare Pepe Foundation which has acted as the great protector from those trying to infiltrate the internet frog trading card ecosystem. For instance, the foundation claims it is preparing a 29-day Rare Pepe Training Conference that will give out truly rare certificates to the event’s participants.
“The Rare Pepe Blockchain Training Conference is a new kind of conference,” explains the foundation’s website.
Not only will the event be the first 29-day Rare Pepe blockchain training event ever, but it will be the first one where attendees can walk away with real Rare certifications in the field, as well as continuing education credits for professional Rare credentials.
Green Frogs and DLTs
Further, the foundation details that Rare Pepe blockchain technology is being actively researched by financial incumbents, tech giants, and venture capitalists. Just a few hours of research will tell anyone this particular distributed ledger tech (DLT) based on green frogs just might transform society for the better.
So if you’re sick of hearing about blockchain projects that pretend to be backed by real-estate and diamonds, then the pepe blockchain space may interest you. ICOs that raise millions worth of ether and do nothing with it but party continue to come and go, but these dank trading cards will be cemented in time forever.
What do you think about the Rare Pepe Blockchain project? Let us know in the comments below.
Images via Shutterstock, The Rare Pepe Blockchain Community, Foundation, and Directory.