For those who are new to the term CryptoKitties, these are not zombie-like felines which then can be associated with the not-so-famous skeleton lurking in a coffin who tells our younger versions shattering nightmares, no. Speaking of cats, some of you horny little devils are imagining the image of Anne Hathaway strutting patent leather across Batman’s pod right now, if you know what I mean. But enough of the frolicking.
CryptoKitties are one of the platforms that started the blockchain games mania. It utilizes an Ethereum token called ERC-721 which indicates that these digital assets are non-fungible. Think of it as an old-school baseball card that increases value whenever the word “vintage” is coined to it. For the more millennial type of players, assume that these CryptoKitties are pokemon who can breed but as compared to the game, these cats are more everlasting.
Why everlasting? Here’s an explanation.
The difference between a typical server-centric game like pokemon (or any other developed software for console) and CryptoKitties is that these so-called cats utilize a strong cryptographic digital makeover. These online assets can be bought, sold, or traded with other players even if the developers of the CryptoKitties would not exist anymore. It is a game for the gamer and not the other way around.
Furthermore, these feline cuties can breed or sire with another to produce a rarer offspring which then can be sold at a higher price. With 500 users on a daily basis still, CryptoKitties stays alive and kicking for the most extended duration. To add hype to the already most top priced game, the game developers consistently release a new Kitty every 15 minutes and will continue to do so until November 2018.
Why would CryptoKitties be the most valuable collector’s item in the blockchain platform?
Everybody knows antiques, right? Being one of the founders of this ridiculous cryptogame craze, CryptoKitties ensures its spot as the ancients that started it all. With that in mind, if cryptocurrencies would be the sole monetary form for trade in the future, then these furry things might exponentially increase in value. You can look at it like that one scene in Avengers where Agent Coulson shows Cap his vintage collection of cards, but instead of laminated paper, you pass on digital drawings of kittens.
Notable mentions for the past year
It is imperative to mention the milestones of CryptoKitties in this article because it validates its significance in the crypto realm. The highest paid kitty was just bought this month for a whopping 600 ETH which at the time translates to $170,000. Can you believe the trouble people go through in just acquiring a pop?
But CryptoKitties is not a stranger to these skyrocketing accounts because, on its launch month, it generated enough traffic which congested the whole Ethereum network. Heck, in just a few days after its release in December, a Gen0 kitty priced over 246 ETH which converts to $114,000! In that month alone, players have spent a staggering $6.7 million. Talk about thinking ahead.
In conclusion, we are not urging you to play it immediately. As many investors would say, people should be wise at spending and always use money that you have in extra. But if you seriously consider being in the CryptoKitty game, then it’s a good thing to start now where there is still more time and chance to produce a rare kitty you know, “for future use.”
The CryptoKitty community also accidentally promoted camaraderie within its users and connected people from far off places of Korea to the USA. Strangers share their knowledge and other information about their kitties which in turn is payed forward by other players. In a nutshell, investing in CryptoKitties not only gives you shiny coins on the side but also uplifts social fulfillment.