• CoinStic
  • Posts
  • Former Facebook Engineers Launch Photo App With Collectible Tokens on the Ethereum Blockchain

Former Facebook Engineers Launch Photo App With Collectible Tokens on the Ethereum Blockchain

Former Facebook product manager John Egan has announced the launch of Editional for iPhone. The Ethereum-based blockchain application allows anyone to create blockchain collectible pictures, also known as non-fungible tokens. 

Non-fungible tokens (NFTs) are one-of-a-kind digital collectibles that are recorded on the Ethereum blockchain and permit digital ownership. The Editional application allows users to create new collectibles with smartphone cameras and photo albums.

Egan, co-founder of Vault and Editional CEO, says,

“Editional lets you create new collectibles as easily as you create any other kind of content: with your phone’s camera or photo album. The twist is that, since these are ownable items, you get to set how many editions of your collectible will be made available to other Editional users. The default is 5, but it can be as many as 99 or as few as 2.”

Once collectibles are created, followers can claim the tokens, dubbed “edition”. Owners have the right to resell editions on other blockchains.

We're very excited today to announce that @editionalapp is now available in the iOS App Store! Editional is the easiest way for anyone to create, discover, and claim digital collectibles! Check it out today at https://t.co/UxG7hK862j #nft #ios #launch #blockchain pic.twitter.com/jg1TVUFpYT

— editionalapp (@editionalapp) April 30, 2019

“As an owner, you get rights to the Edition and a more persistent relationship with the creator. You also get the right to resell your collectibles on other blockchain applications like open sea through our app partner connections.”

Egan built Editional with former Facebook engineer Cole Potrocky and Facebook security team member Zac Morri.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.