There’s a cryptocurrency and blockchain for everything these days. Nobody can blame you if you’re tired of hearing about how this and that is being changed by crypto.
Yes, Bitcoin is changing the world, but it’s a lot more entertaining than people are trying to make it.
Take Dogecoin for example –
While the crypto-billionaires remind us of the days when dotcom billionaires were thirsty to prove their value, the internet took crypto the fun direction.
These meme-based viral hits are the real winners in crypto, but while the doge still has value beyond its meme peak, cats are still struggling to find financial independence online.
Y U Mad?
Despite the popularity of cats online, most of them are still not earning much around the house.
My cat, for example, costs me quite a bit in fancy toys, food, and litter alone.
And yet no matter how hard we work to keep the lights on, these cats simply don’t respect us, and that is affecting their bottom lines.
While Dogecoin still enjoys a hefty market cap and widespread usage, Monacoin (the cat-based version) isn’t doing as well.
And it’s not helping that crypto in general is inaccessible to most. But while my cat enjoys a life of luxury displacing my household items with her body.
This entrepreneurial cat is proving his worth by helping his owner Scott pay some bills around the house.
So long as his landlords accept XYO crypto that is.
How does it work?
As Scott explains in the video posted to the Fast Growing Tech Facebook page late August, it’s geo-spacial, geo-mining.
Essentially, Mr. Bigglesworth acts as a beacon, similar to what retail stores and other businesses use to geotarget you with ads or even how your smartphone better triangulates your location.
It’s also similar to what you do with your WiFi network for companies like Google, Comcast, and even the government to help “prevent” crimes.
This voluntary crypto-mining solution is a great way to show how even your pets can get involved in the gig economy.
Although with prices generally down in the cryptomarket, the cat can’t be earning much. And so far the token is only traded on KuCoin, YoBit, and a handful of others, with very low acceptance.
Like the vast majority of cryptos, it’s a gimmick with a $4 million market cap that’s still eclipsed by Grumpy Cat’s fortune, which is estimated anywhere from $1 and $100 million.
But these gimmicks do show working concepts that a company like Tile or even pet tracking companies can capitalize on themselves.