Prudent contributors in the FinTech industry requires identifying the next big thing they can use to maximize on their returns. However, many of them look at industries like AI, Cloud Computing, mobile payment processing and robotics. Unfortunately, such industries already have large corporate players who will undoubtedly have an advantage over other contributors. Companies like Coinbase, Ripple, The Bitfury Group, and Google are pioneers in this industry and subsequently, own most of the patents. This makes it hard for smaller firms to break out.

So what should contributors do to maximize their returns? Simple, shift your attention to niche industries that don’t have large market players. Instead of looking at emerging industries that may be volatile, look to niches that have been there for a long time, that large FinTech firms have not yet flooded.

The beauty of the cosplay niche

One such industry is the cosplay industry. The word ‘cosplay’ is derived from the words “costume” and “play”. People dress up as their favourite characters from anime, movies, Disney, books, television shows, and video games. The industry has been around for years but recently has undergone a transformation that’s shifted it from a select community and turned it into a mainstream phenomenon.

Cosplay started as a popular hobby in Japan but soon transformed into a 45 billion dollar industry based on the current market capitalisation. Why has the industry been growing so rapidly? There is a three-part answer.

Cosplayers take a lot of pride in showing their creativity and connecting with like-minded individuals during cosplay events and conventions. It’s the cosplayer’s involvement with their fans during and outside of events that have helped the industry grow exponentially. Mainstream appreciation of cosplay has been promoted by numerous franchises in the movie industry. The rise of comic book movies like ‘ Avengers’ and the ‘ Justice League’ has inspired people to create costumes of their favourite superheroes . Even book and movie franchises like ‘Harry Potter’ and the ‘ Lord of the Rings’ have increased mainstream appreciation of cosplay. Finally, social media has inspired the growth of the industry by creating fandoms that have made cosplay something upcoming and on-trend.

From a contributor’s point of view, cosplay is a hidden gem. It’s an industry that is thriving without any large corporations pulling the strings. Cosplay Calamity’s survey revealed that over 70 per cent of cosplayers spend between $100-600 on each costume they make or purchase, while the other 30 per cent spend between $100-200 per costume. Some professional cosplayers are even willing to spend over $1,000 on a single costume. Why is this significant? Cosplayers are more than happy to spend their hard earned money on their costumes because the industry is growing rapidly each year, making it more competitive.

Additionally, the San Diego Comic-Con event saw an attendance of over 130,000 cosplayers from around the world. It is one of the biggest international tourist attractions for San Diego garnering $140 million in a few days. Across the Pacific, Japan holds the bi-annual Comiket convention where attendance is normally around 500,000 people. With more people entering this market, there’s no doubt that the industry is thriving and set to boom.

How then can you contribute to the cosplay industry? Currently, your best bet is to become involved in projects like Cure WorldCosplay that is creating a blockchain-based ecosystem for the cosplay industry. The platform will use the Cosplay Token as the main cryptocurrency of choice for the industry. In essence, it will be taking the role of Ethereum but for the cosplay industry. Some of the features will include:

Security – All transactions will be secured in the blockchain to protect cosplayers and event organisers from scams and hackers. Confidentiality and anonymity – Cosplayers can protect their personal identities to ensure that they are safe from identity thefts online as well as stalkers and nefarious individuals in real life. Player developed tokens – Cosplayers will be able to create their own custom tokens that will allow them to monetize their cosplay talents. This is something the industry needs to allow cosplayers to earn from their ability to create stunning costumes and engage with their fan bases.

This platform will be rewarding for contributors to join because it’s dominating a niche market with over 720,000 members in over 180 different countries worldwide. Already, there are over 6.5 million cosplay photos that have been shared on the platform and over 430,000 social media followers. The growing cosplay industry has the potential for minimal risk in comparison to well-established industries.

Cosplay Token is the ideal place for any ambitious patron to contribute. Contributors will receive the trifecta of an industry that is growing exponentially, an opportunity to become a market leader with minimal competition from larger corporations. If you are interested, you can contribute in the Crowdsale that started on 29th July and it is expected to end on 31st October 2018.

If you have any inquiries, you can reach the development team or customer representatives on using the following links:

Official website: https://worldcosplay.net

Facebook: https://www.facebook.com/CureCosplay/

Twitter (English): https://twitter.com/WorldCosplayNet

Twitter (Japanese): https://twitter.com/curecos

Weibo: https://www.weibo.com/worldcosplay