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Cryptokitties Sales Hit $12 Million, Could Be Ethereums Killer App After All

Cryptokitties Sales Hit $12 Million, Could Be Ethereums Killer App After All

CryptoKitties Sales Hit $12 Million, Could be Ethereums Killer App After All CryptoKitties has processed more than $12 million in sales on its decentralized marketplace, shows potential for digital movement of assets. CryptoKitties , the Ethereum-based digital kitten collectibles game, has processed more than $12 million in sales on its decentralized marketplace. Essentially, CryptoKitties is a Tamagotchi-like game developed as a decentralized application ( dapp ) launched on top of the Ethereum protocol. Each digital kitten represents a unique crypto asset and the ownership of it cannot be altered, as it is integrated onto the immutable Ethereum Blockchain. According to Kitty Sales, five of the rarest digital kittens on the CryptoKitties platform were sold for over $100,000 each, with the most expensive digital kitten being sold at around $120,000. Some analysts and researchers have questioned the value of these digital kittens, and whether the platform itself is sustainable in the long-term. While the vast majority of CryptoKitties critics perceive the platform as a simple collectibles game, prominent venture capital investor, Andreessen Horowitz partner, and Earn.com CEO Balaji Srinivasan explained that CryptoKitties has demonstrated frictionless international trading of digital assets on a Blockchain at a large-scale. He believes the game has proven that assets can be traded in a decentralized manner without the involvement of intermediaries. Using the same mechanism and technology that CryptoKitties uses, a digital asset can be exchanged seamlessly, through a decentralized platform. If the CryptoKitties platform is evaluated as a peer-to-peer digital assets exchange, the technologys use case becomes more intriguing than a simple collectibles game. In the long-term Continue reading >>

Cryptokitties - How To Sell A Kitty ( Ethereum )

Cryptokitties - How To Sell A Kitty ( Ethereum )

Cryptokitties - How to sell a Kitty ( Ethereum ) This tutorial describes a detailed procedure showing how to sell kitties from the Cryptokitties website using Ethereum and a computer running windows. In our channel, you can view the video of this tutorial. All pieces of equipment listed above are available on Amazon's website all over the world. During this tutorial, I'll assume that you already have an account on the CryptoKitties website and already bought at least one Kittie. On the top of the CryptoKitties website, click on the My Kitties option. You will be presented with the list of kitties that you own. Select the Kitten that you want to sell for money. (Ethereum) On the Kitten properties page, click on the Sell Kitty. Now, you need to configure the following options: Enter start price -Set the initial selling price for your cat. Enter end price -Set the final selling price for your cat. Duration -Set the amount of time your cat should be available on the marketplace. In our example, my cat will be offered on the marketplace for a period of up to 2 days, starting with a price of 0,050 and ending with a final price of 0,040. The price will automatically fall from the 0,050 value to the 0,040 value over the 2 days of the market. Warning:Every actionwithin the CryptoKitties website costs a bit of Ethereum, so to put your cat in the maketplace you will need to pay an Ethereum fee. Check the transaction fees and click on the Submit button. If you receive the Transaction underpriced error you need to try again and increase the transaction fees. Increase the Gas Limit and Gas price. ( Fees ) The transaction can take a really long time to finish. If no one is interested in buyingyour cat it will be available again after 2 days. If someone is interested in buyingyour cat Continue reading >>

Cryptokitties Is The Latest Craze Sweeping The Blockchain World | Digital Trends

Cryptokitties Is The Latest Craze Sweeping The Blockchain World | Digital Trends

If youre tired of trading tokens and mining for digital currency, CryptoKitties is a new game on the Ethereum blockchain that lets you purchase and collect virtual cats, and then breed them with each other to try to create valuable new creatures with rare attributes, or catributes, in the games parlance. Blockchain systems are based around tokens, or virtual properties that are individually owned and not controlled by a central proprietor. The most well-known blockchain is Bitcoin currency , but the same market-driven principles can be applied to almost anything. Animated cats, for example. CryptoKitties is developed by Axiom Zen, and it seems its taking a humorous approach while still hoping to make blockchain transactions and technology accessible to more casual users . Our approach to brand and marketing is, in part, a tongue-in-cheek critique of the ICO market today, marketing director Elsa Wilk said in a press release . Its proven to be very popular, as the game just launched a few days ago and has already zoomed to the top of all the transactions on the Ethereum network according to the tracking site ETH Gas Station , with more than 10 percent of all trading activity as of this writing. How does it work? Each virtual cat is a unique object or token on the Ethereum blockchain , and its as real as a unit of Ether (ETH, or the unit of currency used on the trading platform). Each one is coded with a 256-bit genome, which includes a set of phenotypes (visible features) and genotypes (genetic features). When two of your little critters breed, their new kittys appearance, biography, and traits are the resulting combination of each parents attributes, resulting in four billion possible variations. According to the official site, Generation Zero cats are created by the de Continue reading >>

How To Buy A Cryptokitty: The Complete Guide + Dna Sequencing

How To Buy A Cryptokitty: The Complete Guide + Dna Sequencing

How To Buy a Cryptokitty: The Complete Guide + DNA Sequencing my first cryptokitty, First Parent ofDracula Yesterday I purchased my first cryptokitty on the Ethereum blockchain. Professional Mad Scientist! Thats mykitty! I dont consider myself to be the type of person who gets completely swept away by new internet fads, but when my friend told me yesterday that she made $80 by breeding her cryptokitty (and still retaining ownership), I was seized by the idea that I could earn passive income while I pimped out my virtual cats. So far, Ive earned $2.20 by pimping out my first kitty, First Parent of Dracula. This amount is really low, due mostly to me underbidding my kittys reproductive talents. Im not going to tell you how much I paid for my cryptokitty. I bought Ether early this year and paid about $70 for 1 ETH. Now 1 ETH is worth $450. Lets just say I spent way too much for my very first cryptokitty. I bought mine based on three facts: 1. My cat gave birth to a Dracula. 2. My friend who bought one two days ago told me she made $80 by breeding hers. 3. I love SalvadorDali. I wrote this complete guide after many people on Twitter were begging for answers. Heres my kitty and its name is First Parent of Dracula. Cryptokitties are like snails, meaning that all of them can get pregnant. Theres no male nor female. I made mine into an animated GIF using the free tool, Giphy. Step 1: Install the MetaMask Chrome extension: MetaMask is the most noob-friendly way to connect to the Ethereum blockchain. MetaMask is a digital wallet that allows you to sign smart contracts and transactions. If youre new to MetaMask, please watch this intro video to getstarted: Heres an example of a difficult password: Troy!Tupee$Live67M2stlaughTerry987 pro tip: make your password very difficult and d Continue reading >>

Cryptokitties: I Could Breed Virtual Cats For Aliving

Cryptokitties: I Could Breed Virtual Cats For Aliving

CryptoKitties: I Could Breed Virtual Cats for aLiving One thing is for certain. Cryptocurrency is wildly popular, and its changing the way we look at the world. This week, its changing the world through virtual cats. Yes, digital cats. And yes so far, weve spend over $1.3 million on these virtual cats . Not too long ago, Cryptokitties.co launched, proving to the world that anyone can understand the Ethereum blockchain and ERC20 utility tokens. The concept is simple. You begin by purchasing a virtual cat in exchange for Ether. This is a one-of-a-kind cat, and only you own it. There is no other cat exactly like it in the world. Crypto-geeks call this simple concept non-fungibility. Once you have two cats that arent related (we dont encourage incest in the crypto-community), you can breed them together to birth a new cat. All of these cats can be sired out to the community for breeding, or they can be sold on the marketplace. Pretty easy, right? Whats incredible about this seemingly simple venture is that its teaching your average, everyday person how to use basic cryptocurrency. The CryptoKitties program runs off of MetaMask , and the transactions are completed by using Ether to buy, sell, and trade the cats, which are essentially utility tokens. And just think, most people think learning how to use crypto is difficult. CryptoKitties is much more than a fun little game, however. In a matter of hours, it has become wildly popular, accounting for nearly 13% of all gas use on the Ethereum Network. People even started steaming CryptoKitties on Twitch , giving away cats for free and sharing tips on how to best breed your felines. While most of the cats for sale on the CryptoKitties marketplace are decently inexpensive (you can get your very own kitty for around $10 at the tim Continue reading >>

Cryptokitties Maker On $100,000 Digital Cats: 'it's Crazy'

Cryptokitties Maker On $100,000 Digital Cats: 'it's Crazy'

CryptoKitties Maker on $100,000 Digital Cats: 'It's Crazy' If theyre going to value or devalue in the future, I honestly dont know. CryptoKitties, if youre mercifully unaware, are digital collectibles that people buy and sell on the Ethereum blockchain for cryptocurrency. The game, which launched at the end of October, has become immensely popular in the last week or so and rare kitties are going for well over $100,000 USD. Its rather controversial since CryptoKitties are essentially digital Beanie Babies (pro: provably unique, con: dont physically exist), that can cost a lot of money. CryptoKitties are really just bits of code on the blockchain, and two bits of code can be combined (or bred) to create a new and unique bit of code, which creates a new kitty. This code gives them defining visual characteristics, which may make them more or less valuable. Then, people buy and sell their cats. The game is so popular that the resulting traffic has been blamed for slowing down the entire Ethereum network recently. "I honestly believe there is an Ethereum before and after CryptoKitties" What you may not know, though, is that CryptoKitties arent a random lark by some fun-loving coders. The game is a product of Vancouver-based company Axiom Zen , and the company makes money on it. How much, exactly, is hard to say, but with more than $8 million USD spent on kitties so far according to one third-party site, the company has made at least $300,000 from the 3.75 percent cut it takes on every CryptoKitty trade alone. Thats not counting what the company makes from selling brand new kitties , which are minted every 15 minutes. To get a sense of what CryptoKitties wild ride has been like from the inside, and if the team is worried about a CryptoKitty market crash, I called up Arthur C Continue reading >>

Guide To Buying Cryptokitties (ethereum Game)

Guide To Buying Cryptokitties (ethereum Game)

Crypto, Products, and other Random Thoughts Guide To Buying CryptoKitties (Ethereum Game) howto games blockchain ethereum guide crypto cryptokitties CryptoKitties launched in late Nov 2017, and within a week it had taken the world by storm , flooding the Ethereum transaction network and generally causing a ruckus as kitties are wont to do. This post will give you a brief introduction to the beanie babies (/neopets) of this generation, and a step-by-step guide on how to get your very own CryptoKitty. Prepare to get your paws wet! There's tons to learn in this post. To help you remember, check out my app Harvest: Take Notes and Learn Passively . It uses a memory algorithm called spaced repetition to help you remember notes just like this summary : CryptoKitties are digital cats that live purely on the Ethereum blockchain ( refresher on blockchain ). They are collectibles that you can buy, sell, and best of all, breed to create new kitties. When you own a kitty, no one can take it away from you (not even the CryptoKitty company) since your Ethereum address owns it and only you have the private key. The whole point of CryptoKitties is not only that they are beautiful digital kitties that you can admire and collect (maybe this is the whole point); you can also breed any two kitties together and create an entire unique new kitty, with its own " cattributes " and name. CryptoKitties are each part of a "Generation" which just means that the kitties that were magically created and without parents are "Generation 0" and every subsequent breeding from these kitties are "Generation +1" of the youngest of the parents. Generation 0 + Generation 0 = Generation 1 "Cattributes" (cat attributes) are what uniquely define a kitty. These describe everything about your kitty, including colo Continue reading >>

Cryptokitties On The Ethereum Blockchain Sell For Over $100k

Cryptokitties On The Ethereum Blockchain Sell For Over $100k

Cryptokitties are some mans best friend. A cryptokitty has sold for over $100K. Ethereum allows users to execute smart contracts , and CryptoKitties uses this functionality to buy, sell, and breed CryptoKitties. Now, 13% of the Ethereum blockchain transactions are related to cryptokitties. Cryptocurrencies are often referred to in a very serious manner, and its easy to forget that the people using them are still human, and are prone to having fun on occasion. This is one of the funnier things that cryptocurrencies have been used for. CryptoKitties are both something fun you can do with Ethereum and are a pretty good tech demo to show what can be built with Ethereum not to be confused with CryptoCat. CryptoKitties can be bred together, taking into account some genetics from previous breed specific breeding has the chance to create a fancy cat. Fancy catsare based on real people and are extremely rare. For example, there is one named after Elon Musk with the name Feline Musk. The market for these cats is growing quickly, and the very first cat ever made, named Genesis , sold for 246.9 Ether. At that time, 246.9 Ether was worth $117,712.12, a shocking amount. the average kitty sale price at the time of writing was $44.62, according to kittysales. On May 18, 2010, bitcoin user under the username laszlo made a post on the bitcointalk.org forum , specifically the marketplace where trades for bitcoin were negotiated and executed. The user requested that someone order them two pizzas to be delivered to their address in exchange for 10,000 bitcoin, worth $41 on the now-defunct bitcoinmarket exchange according to a user on the thread. The trade was reported as complete on May 22, 2010 by laszlo. If the trade had been conducted today, these coins would be worth $116,681,758.46 US Continue reading >>

Cryptokitties - Everything You Need To Know

Cryptokitties - Everything You Need To Know

Blockchainhas started taking the world by a storm of innovative use cases. For those whove come in late, the blockchain is the underlying technology behind cryptocurrencies like Bitcoin , Ethereum etc.(Take a look at our detailed blockchain guide ) Industries across the globe have started experimenting with this technology to explore every possible niche of their sector to solve different problems in ways never tried before. And with every industry trying hard to make use of this technology, why should the Gaming industry fall behind! Thats why interesting blockchain-based games are being introduced for the consumers to feel even more associated with this revolutionary tech i.e. blockchain. And one of the most interesting and innovative blockchain game is Cryptokitties, which is also our topic of extended discussion today. In this introductory write-up of Cryptokitties, I will walk you through the below mentioned salient points of this unique idea: CryptoKitties is a blockchain-based game where you can breed, collect and HODL kittens that are made & generated over Ethereum blockchain. These digital kittens or cryptokitties are just like humans that are unique and cannot be replicated, taken away or destroyed by anyone. Still not making sense? Bear with me and read further. I will break it down in simpler words so that you are absolutely clear by the end of this post. Cryptokitties is a blockchain powered game. Just like cryptocurrencies that thrive and are born on the blockchain, cryptokitties are also born and thrive on Ethereums blockchain.Just like each Bitcoin or Ether, each cryptokitty is also unique. These cryptokitties are like a new form of collectibles called cryptocollectibles. Their team is quite diverse that includes numerous start-up founders, crypto-enthu Continue reading >>

So I Bought Some Gen 0 Cryptokitties - Here's Why

So I Bought Some Gen 0 Cryptokitties - Here's Why

Say Hello to my little friends. They're furry, they're colorful, they're... purely digital. Oh, and they can breed unique offspring, all via smart contract on the Ethereum Network. Welcome to the age of decentralized, smart contract enabled digital collectibles. But CryptoKitties isn't just trying to sell you a digital kitty. Instead, their goal seems to be a public-friendly approach towards broader understanding of blockchain technology. Because you have to use meta-mask, a browser plug-in that allows you to utilize decentralized applications and communicate with the Ethereum network, there is a line that a non-crypto "normies" have to cross into cryptocurrency in order to participate. And that, they argue, is exactly the point. In their "Whitepapurr" they say: CryptoKitties key game mechanics are tied to actions associated with cryptocurrencies and smart contracts. In doing so, previously esoteric concepts are normalized and users are empowered with a basic fluency in the technology. That doesn't mean people aren't crazy for these kitties. As of this writing one of these #cryptokitties has sold for over $100k USD! And I have to say hat's off to the proud owner of Kitty #1 Gen 0! This is the 246 Eth Kitty #1 - First of its Kind While a popular if unfair analogy, think of this as Beanie Babies 2.0. Except these "Beanie Babies" are unique, persistent digital assets operating via smart contract in a trustless way. Further, these smart contracts can spawn new smart contracts (New Cryptokitties) that are unique digital assets unto themselves, though associated through lineage to parents and children. In plain english, this group has created a free-market system where they cannot artificially manipulate the supply of these CryptoKitties. That's an important distinction beca Continue reading >>

How I Made $40 In 10 Minutes Selling A Cryptokitty

How I Made $40 In 10 Minutes Selling A Cryptokitty

How I made $40 in 10 minutes selling a CryptoKitty Imagine a website where you can buy and breed digital cats. And where each digital cat you own is totally unique and cant be replicated, taken away from you, or be deleted. Call me crazy but this whole CryptoKittie s business is GENIUS. If you havent been keeping up with the news, heres a rundown of insane facts on this newest internet craze: A CryptoKitty was sold for $114,000 or about 5.7 million. Yes fam, that is ONE CryptoKitty. Anywhere from $6M to $11M (depending on the news source) have so far been spent on this site. All that for a site that launched about THREE weeks ago on November 27, 2017. Sorry but what the hell is a CryptoKitty? Really, a CryptoKitty is just a cat illustration. These cats arent even animated for crying out loud. Theyre literally illustrations of cats with all sorts of crazy features. Thats it! Now let me introduce you to the now-famous cat that cost a cool $114,481. To be fair, it is the first-ever CryptoKitty in the entire universe. But still, for the price of a one-bedroom BGC condo unit? OK, fine. So whats so special about them? These CryptoKitties can be bred, sold, or gifted. You can also end up breeding rare and fancy cats which can cost a lot of money (or in this case, ether, the cryptocurrency it uses) or breed typical pusakals (stray cats) which wont sell for more than $4. You can even run a CryptoKitty brothel if you so choose. The fact that you can sell them is what got me to join this ridiculousness. Aside from that, youre also using what could possibly be the future of payments for trading goods or digital assets. When you play CryptoKitties, youre using the Ethereum blockchain. Youre buying and selling your kitties without a bank (like BPI or Bank of America) or a third-part Continue reading >>

Cryptokitties: How One Digital Cat Was Flipped For $60,000 Over Four Days Quartz

Cryptokitties: How One Digital Cat Was Flipped For $60,000 Over Four Days Quartz

Keynes was onto something when he wrote about the animal spirits that animate the economy. The CryptoKitties game, which lets players trade digital kittens on the ethereum blockchain, continues to dominate traffic on the cryptocurrencys network. Over 6,000 players are buying, selling, and breeding the blockchain-based felinesand a few of them are making tons of money doing so, according to new data from the independent data site CryptoKitties Sales . The site recently added the ability to track the historical price of any kitten, which reveals the inner workings of the virtual cat trade. The sites creator, Niel De La Rouviere, picked a couple of kittens randomly that turned out to have interesting price histories. Each kitten has a number based on when it was first generated. Kitten number 23 was first traded for over $4,000 on Dec. 2. Two days later, it was sold on for over $32,000. Yesterday, a user named Its All About The Money paid about $63,000 for it, and its now one of the the most expensive cats for sale in that users stable. Its on offer for 240.12 ether , or about $106,000 at current prices. Here are De La Rouvieres picks, charted: Purr-fect returns. (Jason Karaian/Quartz) CryptoKitties players have already spent about $6.7 million since the game launched on Nov. 28, which averages out to nearly a million dollars in daily trading volume, according to data from CryptoKitties Sales. De La Rouviere is the founder of an ethereum project called StakeTree and started the site as a side project, pulling the data, which is public, from the ethereum blockchain. Hes not affiliated with the games developers, a company called Axiom Zen in Vancouver. De La Rouvieres site has generated 50,000 pageviews over the past 48 hours, a level of popularity that he says hes now feel Continue reading >>

Learn How To Master Cryptokitties

Learn How To Master Cryptokitties

Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. You've heard there's a new kitty-related crypto fad in town, and you want in on the action. This is exactly what you're looking for. In this article, we'll explain how to play CryptoKitties , the game that's taking the world by storm (and earning some people a fair amount of money). SEE ALSO: Cryptokitties is Ethereum's hit game, but it's threatening the entire network CryptoKitties is a digital goods trading game that lives on the Ethereum blockchain. It lets you purchase, trade, and breed digital kittens. The game has no straightforward "goal" you can simply buy a digital kitten, and it will eternally be yours due to the nature of blockchain technology. However, kittens come with different visual features, called traits, and some of these traits are rarer than others. Naturally, most users are trying to breed rare cats, not only because they look cool, but also because they can be very expensive; one particularly rare cat was recently sold for more than a hundred thousand dollars. In fact, the total kitten sales so far are around $3 million dollars ; pretty impressive given the game launched last week. Before we go on any further, please note that this game requires ether (the currency of Ethereum) to play, which can be converted into real money, and that it can get expensive fast (though it can also be lucrative if you play your kittens right). It also resembles a bit of a pyramid structure, meaning that early adopters were able to buy rare kittens cheaper than you probably will be able to. Finally, the game is currently putting quite a strain on Ethereum's network, and if this becomes a serious proble Continue reading >>

Blockchain-obsessed Cat Lover? Cryptokitties May Be For You

Blockchain-obsessed Cat Lover? Cryptokitties May Be For You

By Rachel Layne MoneyWatch December 21, 2017, 5:30 AM Blockchain-obsessed cat lover? CryptoKitties may be for you With the financial world gripped by bitcoin and whether the market for cryptocurrencies is a bubble , the same technology behind the phenomenon is being used to tap other familiar cultural obsessions: collectibles. And cats. Lots and lots of adorable cats. CryptoKitties is an electronic game from Canadian firm Axiom Zen, where people can electronically buy, collect and trade cartoon cats. Purchases are made using ether, an emerging tool for online payment, via the Ethereum online marketplace. Each kitty has its own unique electronic DNA, according to an Axios Zen video explaining how the game works. What's more, kitties can be "bred," just like real cats, resulting in new kittens with unique codes. Indeed, the way these digital felines evolve are a good way to explain blockchain , the technology underlying bitcoin and other cryptocurrencies, to those who just don't get its lure. "Typically, when people who are excited about the blockchain talk about a blockchain, they talk about data sovereignty, trustlessness, rules without rulers -- all sorts of things that make no sense to anybody and also don't solve problems that people know they have," Mack Flavelle of parent company Axiom Zen said in an interview. "All of those are great, big and important ideas. And they are millions of miles away from what people know in day-to-day life. Whereas if you can say, 'Hey you can own, you can collect, you can breed these adorable little kitties, that falls into a normal interest sphere." "So it makes tangible some of these concepts that are big and strange around distributed ownership that are otherwise impenetrable," he added. Flavelle, whose title at Axiom Zen is "inst Continue reading >>

This Man Has Made More Money Trading Cryptokitties Than Investing In His Ira

This Man Has Made More Money Trading Cryptokitties Than Investing In His Ira

This man has made more money trading cryptokitties than investing in his IRA CryptoKitties, a game where users breed and trade digital kitties using Ethereum-based smart contracts, has emerged as the latest mark of societys obsession with rising cryptocurrency values. In some ways, the popularity of the game reflects the skyrocketing values of digital currencies like Bitcoin and Ether. Total sales on the platform created by Canadian startup Axiom Zen have reportedly hit $12 million, according to Coin Telegraph , as some cats with rare attributes have been sold for upwards of $80,000 . Cryptokitties are generated by code, and bred by spending Ether tokens on smart contracts that use two base cats to create a new one. Each resulting cat is unique and persistent, recorded on Ethereums public ledger. While the game has proven wildly popular, CryptoKitties has also been plagued by network slowdowns, little game progression and automated bots that snipe deals. Its also placing a new load on the currency itself. The game has slowed down the Ethereum network by as much as 11 percent, Motherboard reported last week. But as the first successful game built on the Ethereum network, CryptoKitties success has hinted at the greater potential of apps powered by blockchain technology and given rise to a new wave of cryptocurrency speculation. Like Bitcoin and Ethereum, CryptoKitties allowed speculators to make a lot of money if they got in at the right time. One of those speculators is Todd, who wished to remain anonymous in order to disclose personal financial details. While we talked, the CryptoKitties site dipped in and out of commission. Todd is a 30-year-old entrepreneur and software designer from Austin, Texas. Hes also been the owner of 35 cryptokitties , an extension of his bro Continue reading >>

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