We should have known it was just a matter of time. After all the stories over the holidays of bitcoin’s woes and feats, the world of anime was bound to enter its own world of crypto currency. Anime goods shop Tokyo Otaku Mode has announced their own entry into the field: the Otaku Coin.
What’s an otaku coin, you ask?
According to Otaku Mode, Otaku Coin is awesome. Fans can obtain Otaku Coin by watching anime, sharing posts, and reviewing their favorite stuff. The currency can then be used to support creators and projects, and get them access to special events and merch.
It’s got a fairly hefty team backing it, too. (And no, we don’t just mean having Kizuna Ai as their ambassador.) GENCO founder Taro Maki and Anime! Anime! creator Tadashi Sudo are both on board. Additionally, Otaku Mode has partnered with AnyPay, which created the bill-splitting app paymo.
The concept is a noble one: fans can mine the currency doing what they love, then turn it right back around to the creators. And creators benefit when they receive funding for their projects.
But we have questions.
Obviously, there are a lot of things we still aren’t quite sure of. First off, how do creators benefit? Will they simply be receiving Otaku Coin that they turn around and spend on merch? Will there be a crypto-to-real exchange so these creators can pay their rent? Or is there an aspect of that side of the deal yet to be revealed? Without further information, it’s hard to tell exactly how creators will benefit from the deal — which is a bit of a miss, considering part of the pitch is the good feeling you get helping your faves.
It’s a no-brainer that Otaku Coin will only be spendable at Otaku Mode. Which means that everything will come from and go to the site. How exactly the coins will be “mined” is another matter. Likely it will be a matter of how long you watch content on their (partnered) sites. Which, if it’s well-produced content, is great. But again, we’re lacking lots of information.
If you want to be at the head of the curve, hit up Otaku-Coin.com and sign up for their mailing list. It’ll be interesting to see where this goes!
Do you believe in the power of Otaku Coin? Let us know in the comments below!