Are NFTs able to invest or create ad bubbles? Take a look at these toys and you will understand.

.jpg sells for millions. Are the new NFT Beanie Kids?

Whenever we talk about NFT, American netizens and media always want to take our small example.

Beanie Babies, also known as "Beanie Babies", were a toy that swept America in the 1990s. For young Americans, the basement can be a cluttered space. But in the eyes of my parents, it was once a hopeful investment, an opportunity to get rich, and a national welcome will never be missed.

Some people sit in front of the computer until 12 am, some tourists from all over the United States go shopping, and some people buy for $5 and sell for $50,000. bubble.

Today, the Doudouwa craze has died down and become a symbol of pop culture. Young people on YouTube rummage through a box at home to see Doudouwa who "had a rich night". HBO Max recently released a documentary called Beanie Mania, and Apple also announced a new movie about it. Some have even turned these toys into an NFT project, calling it "a combination of childhood dreams and passion for today."

Vox's photo.

Is NFT the new Doudouwa? Is there a way to turn to NFTs to drive others crazy?

Doudouwa, 1990s "Bubble Tulip"

In 1986, Ty Warner founded Ty Inc., a toy company. Seven years later, he released his first set of beanies featuring cute little animals in bright and beautiful colors, for just $5, but few people bought them.

From a business perspective, these toys are a bargain. Prior to this, most of its competitors were packed with form-fitting cotton and leather, but Doudouwa has reduced the cotton and added plastic elements that store in it, making it easy for children to swing and play. Then Warner gives each doll a symbol with a name, date of birth and a short poem.

But what really drives me crazy is it's unbelievable.

Warner often cuts out Doudou items or designs in the name of "innovation". In 1995, the elephant doll (Peanut Elephant) was cut out and the color changed from royal blue to light blue. Due to production restrictions on the first batch, the subsequent price was increased to $5,000.

Doudouwa ntxhw peanut

Various media reports and descriptions show him to be the owner of a first-class "single business". The book "Great Beanie Baby Bubble: Mass Delusion and the Dark Side of Cute" states that Warner's movement began with a combination of excellence and care.

Warner does other "brazen things" like selling beanie dolls only in independent toy stores and refusing to enter the Wal-Mart or R "Toys" chain. . Each store has a limited supply of products, so you have to queue to buy a style.

The first adult fan to cause outrage was 'Mother Soccer'. They are mostly good wives and mothers of middle-class families who live in the city and do not have housekeeping and childcare chores. To complete the whole process, they call every joint venture in the United States to inquire about the stock, then fly to buy it again.

These mothers are "fans" and "sisters" of star chasers, who are not only personal but play an important role in Doudouwa's communication. Some self-publish a magazine that has sold over 3 million copies, some start a blog to listen to Dodowa, others respond to emails to answer questions, write tips and check facts, there are also people who give. That part of that love is still there today.

When Doudouwa stops production, it will be announced on the official website. People don't know what the next downside will be, sheep, camels or ducks, but the news of a resale 5x, 20x or 1000x, and the capital of the toy industry gets a little bit of interest, and more and more people are becoming bosses. , you want to register and make money from it.

This year, the Doudouwa site gave an overview of the cut.

In 1997, Doudouwa and McDonald's teamed up to endorse a mini version of 100 million plush toys. These toys were stolen in just one week. Some people buy 100 Happy Meals without food or toys. Just like today, people steal oysters for cats from McDonald's and blind boxes from KFC.

Dodouwa with McDonald's

That same year, Princess Beanie, a blood bear, was born with a white rose on her chest and a little poem in tribute to Princess Diana on the tag. Initially, production was small, so retailers could only order 12 pieces.

Group photo of Paul Burrell, Princess Diana's former home with Doudouwa, taken by GettyImages

The reunion for Doudouwa reached the end of 1998.

That year, Ty Inc. generated over $1.4 billion in sales. Survey data shows that 64% of Americans have at least one. Doudouwa is also believed to have seen an increase in the internet boom. Its buying and selling activity accounts for about 10% of eBay's total annual revenue, which contributes in part to its popularity and the growth of e-commerce. The following year, Warner was placed on Forbes' 400 richest list with a net worth of $5 billion.

Beanie creator Ty Warner was dubbed "the Steve Jobs of the stuffed toy" by his staff.

During this time, the world has changed very magically. Some couples divorce and want to share the property, squat in the garden to share dodowas, fake dodos and imitations occur, others say the wizard, and even murders from these toys.

Doudouwa divorces in real life, Reuters video

However, as manufacturing continued to expand, the "starving economy" became obsolete. At the end of 1999, Warner expanded it by announcing that it would have to abandon all Doudouwa series by the end of the 20th century. When the news broke, people were surprised the second company didn't respond. The bubbles have just burst.

Sales plummet, prices plummet, and speculative adults break out. TV actor Chris Robinson was one of the "Bitters" who made around $100,000 for Doudouwa. You originally wanted your five students back, but you've lost everything and can only see 20,000 plush dolls at home.

Robinson then made a short film about his business.

Comedian Dave Barry described Beanie as a fun toy for children, but became a "negative, unhealthy and overdone" toy for adults. And industry historian Jeremy Grantham has pointed out that Doudouwa's prices rose sharply and broke at the time of its price drop.

It is a negative behavior of human behavior. Nobody, no matter how smart, can get out of the bubble.

Is NFT the new Doudouwa?

While reading Beanie Bubble: Popular Delusions and the Dark Side of Love, bestselling author @_ElizabethMay tweeted:

I read a book on Doudouwa. If you changed all references to "number one bear" to "monster red NFT" then this is the book on NFTs.

The tweet has been liked 12,000 times and retweeted 2,007 times. Passing through netizens sparked nostalgia and loose conversation in the word.

Some say NFT is a scam like Doudouwa. Others think that NFT is nothing less than Dodowa - Dodowa is cute and comfortable, and if you take it off today, you can clean it and use it as a children's toy without spending a lot of money, and NFT's 'Do not hold or touch'. this. Others will love to hear the NFT divorce story.

HBO Max Dodou and some netizens of the documentary 'Beanie Mania' "Looks like we're talking about NFT too"

Developer Rik Nieu attempted to examine the similarities between NFT and Doudouwa from various angles.

Talking about the overall market, he thinks both products have new designs popping up all the time. Limited to a specific series/style/item, create rarity (like just 10,000 boring red NFTs). They all use the internet or social media for marketing purposes, have divisions at their fingertips, and love popular communities (Discord, Twitter, DAO, etc.).

Vox editor Emily Stewart added that they both suffered from despair, bipolar disorder wanting to have something in the belief that it would work, and that there was deception and violence.

Netizen: As long as there is a big tweet, people buying NFTs now will think Dodowa is a great investment.

Arthur Suszko, 34, is a fan of Doudou and author of NFT. According to him, modern NFTs have a lot in common with the Doudouwa craze of the 1990s. To this end, we started to exploit the NFT and keep the body of Doudouwa, but opened the NFT for commercialization.

On the one hand, Suszko calls it "a combination of childhood dreams and modern tastes." On the other hand, it is also known that the NFT craze can be temporary. "Nobody cares to develop .jpeg files that can sell for hundreds of thousands of dollars now."

Photo source: Beanie Baby DAO

Much of today's discussion focuses on the hype and excitement around NFT projects. But in fact, NFT itself cannot be compared to Doudouwa.

The non-fungible token (NFT) is a non-fungible token. It uses blockchain technology to represent ownership of digital assets. Mark and don't change. NFT, for example, is more a technology behind Doudou than a toy product. himself.

On the other hand, Boring Ape, Crypopunks, and even Phantom Bear (Phantom Bear), originally from Joo Jae-beom, are compared to Dodouwa.

Adornment report by Phanta Bear

NFT projects can come and go, prices go up or down, some foam, some can't carry water, but the technology below is still here. NFT technology clearly knows where the local tyrant belongs in a wind.jpeg pixel. You can also track the history of your business, specifically how often it changes, it goes from $6 million to $6 million...everything.

The capability of NFTs does not stop there.

An immortal path to art (like Wong Kar Wai's "In Mood for Love"), producer inspiration (you get a share for every sale), listing, community ticket, or opening. type of involvement. and voting rights.

Is it stupid to buy NFT to work at such a high price? It is a matter of reflection.

Consolidation in the consumer market is generally divided into three stages: purchase, availability and resale. There is a saying that "a lot of money won't be nice". If you really like it, its advantage of fascination with drawing from a visual point of view is emotional and depends on you. It's not a waste if you don't follow the pattern and want to be an owner. Indeed, some of the modern NFT works have become unique social symbols, such as tulips in the 1630s.

But be careful if you invest only what is necessary and the envy of others makes the difference. If you can't find the man to pick you up, and when the anger has passed, it looks like it's you. Robinson looks at 20,000 stuffed dolls in the house.

La photo de HUSTLE

As financial analyst Robert Shiller writes in "Irrational Exuberance", "the expansion of industrialization is often linked to the public perception that the future is brighter and more realistic than it ever was. summer."

Hype aside, those who eagerly bought Doudouwa may have high hopes for millennials and online. Today, everyone follows the principles of NFT, blockchain, encryption technology, web3, decentralization, metaverse, etc. Probably because of the expectations of the future that the details describe.

By the way, the trading platform OpenSea has another NFT project which was recreated in 1990 Doudouwa mania. The introduction is ironic and interesting. Relive the craze of the 90s with a bubble beanie!