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.
“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.
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