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crockpot

October 21, 2021

Yes, Crockpot Has an NFT Too

Remember when your mom started using Facebook, TikTok or some other technology-related thing, and you thought, ‘ok, now everyone’s doing it?’ I just had that moment with NFTs. Only instead of my mom, it’s her slow cooker that’s jumping on the technology bandwagon.

That’s because Crockpot, the genericized brand of slow cooker from Newell, has released an NFT to celebrate its 50th anniversary. The NFT, which you can bid on until midnight tonight on Opensea, is basically an animated GIF that shows a bunch of different cartoon renderings of the Crockpot from its origin in 1971 up to today.

Watch for yourself:

Listen, I get it, brands that want to tap into the pop culture zeitgeist will often jump on the latest trend, and the effort by Crockpot is part of a push by the brand at what it is calling “newness.”

“We wanted to celebrate our history without getting too nostalgic,” said Christine Robins, CEO of Home Appliances at Newell Brands, via a press release. “Minting an NFT might seem like an unexpected move from the Crockpot team, but expect to see more newness from our brand as we embark on the next 50 years.” 

But unfortunately for Crockpot, NFTs are tricky. Unlike ostensibly owning something like the first tweet ever, an NFT like Crockpot’s doesn’t have a history behind it that adds to the perceived value. For most, it just appears like another animated GIF.

As I’ve written before, NFTs will find the most success in the food market if they act as a golden ticket to some unique real-world experience. So if Crockpot had created, say, a one-off unique 50th-anniversary collective Crockpot that came with the NFT, I think they may have had something.

But maybe I’m wrong, and there’s someone who wants a Crockpot’s NFT. So if that person is you, hurry up and head on over to place your bid before time expires.

May 20, 2020

The Zega is A Pot That Keeps Cooking Even After You Turn Off the Stove

Do we really need another cooking pot for our food?

If you had asked me a week ago, I would have said we’re good. After all, there’s the Instant Pot, which has become my weeknight workhorse during the pandemic for cooking everything from stew to rice to dumplings. Then there’s the hero of the potluck, the slow cooker, still making us happy with meatballs and party dips after all these years.

But then I saw the Zega on Indiegogo and it had me wondering if I could fit another cooking pot into my life. Zega makes what it terms “walkaway cookware,” which is pretty much just what it describes: cookware you can start a meal in and leave it (or even take it with you).

The Zega uses a design similar to that of a Yeti mug or a Thermos — double-walled thermal insulation — which allows it to maintain a high temperature for a long period of time even after you take the device off the stove. You put your food in, heat it up, turn off the heat, and the food continues to cook.

Hence the “walkaway” label.

While my Instant Pot and crockpots cover me for pretty much any pot-based meal I want to cook, I was considering adding the Zega to the repertoire for a couple of reasons. First, it saves energy. Not having to have an appliance plugged in for a few hours while I cook just seems more efficient.

I also like the walkaway aspect. Whether you’re an adult with young kids or you just want to run errands while the evening meal is cooking, this idea makes sense to me.

The Zega comes in two styles: connected and analog. The actual Zega pot is the same cookware, and it’s the knob that determines if you have a connected or analog version. You can see how each looks below.

The Zega app asks you whether you have a connected or analog version and gives you specific instructions tailored for each. If you have an analog version, you’re instructed to cook food to a certain temperature using the analog knob (“cook over high heat until the temperature gauge reaches the red zone”). The connected version remotely monitors the cooking and will send you notifications when a meal is done.

Now of course, this is a product that is available via Indiegogo and, as with any crowdfund campaign, deserves all the usual caveats. But from what I can see, the product seems well on its way towards shipping.

Before they had sent the product to Indiegogo, the team raised $550,000 on equity crowdfunding platform Venturecrowd. In my view, raising money from investors to build out manufacturing capabilities and funding the initial production run is the right order of things. Hardware campaigns often go wrong when founders raise funds from backers who want a product and then realize they don’t have enough money to actually build out their manufacturing line.

The company’s Indiegogo campaign, which has raised $69,000 as of this writing, says the products will be manufactured in July and delivered to backers in August, all of which sounds right if you assume the company used its equity funding to lock in manufacturing and has it ready to go.

Will “walkaway cookware” become its own new category? Too soon to tell, but the founders hope so. In their investment prospectus on Venturecrowd, the company forecasts the Zega could hit $3 million in sales this year and $12 million by 2022.

We’ll see. For now, I just hope they ship since I ended up backing the product, which is saying a lot from a guy who’s gotten pretty jaded at this point with hardware crowdfunding (hello, Spinn).

You can watch the Zega intro reel below:

Zega Intelligent Cookware

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