CryptoCoinsInfoClub.com

Cryptokitties

Cryptokitty: Why Collectors Spend Thousands On Cats - Cnn Style

Cryptokitty: Why Collectors Spend Thousands On Cats - Cnn Style

How Bitcoin is making waves in the luxury market Every CryptoKitty is unique and stored digitally on the Ethereum blockchain, a popular alternative to bitcoin. The first CryptoKitty was only born a few months ago and the market has ballooned since. The most expensive one to date was sold for the equivalent of $110,707 in December 2017. It might seem a strange way to spend a small fortune, but no more so, it could be argued, than splashing out on real-world collectibles. (A Pokmon card , for example, sold for almost $55,000 in 2016.) In the same way collectors pay huge amounts for rare toys or comic book merchandise -- or even works of fine art -- CryptoKitties show how digital scarcity can make cult objects valuable: if the blockchain (a sort of digital ledger) tells you that there's only one of those digital cats in the world, you might be willing to pay anything for it. Much more, in fact, than an exotic cat with physical fur. CryptoKitties each have a unique 256-bit DNA sequence, which gives them their own appearance. Credit: Courtesy CryptoKitties The wild world of internet money is one of technology's new frontiers. Bitcoin and other cryptocurrencies have recently exploded , with 2017 seeing an extraordinary jump in price and popularity. And while no one really knows what's next for this fascinating technology, it has sparked the imagination of visionaries from every field. At "New World Order," a touring exhibition led by Furtherfield, a London artist community, visitors can see a Plantoid, a three-foot metal artwork in the shape of a flower with a multicolored bulb glowing at its core. Currently on view in Rijeka, Croatia , the Plantoid is a self-owned art piece, managed by a "smart contract," a program running on the blockchain. It has its own cryptocurrency to Continue reading >>

Cryptokitties Raises $12m From Andreessen Horowitz And Union Square Ventures

Cryptokitties Raises $12m From Andreessen Horowitz And Union Square Ventures

CryptoKitties, the virtual collectible kitten game that turned into a viral sensation has raised $12M in funding and will be spun out from Axiom Zen, theVancouver and San Francisco-based design studio that originally built the game. The round is being led by Andreessen Horowitz and Union Square Ventures, both of which have quickly developed a reputation for backing fast-growing cryptocurrency startups like Coinbase.A bunch of notable angels also participated, includingNaval Ravikant (CEO and founder of AngelList),Mark Pincus (founder of Zynga) andFred Ehrsam (founder of Coinbase) among others. So what are CryptoKitties? Theyreessentially digital collectibles built on top of the Ethereum blockchain. Each one is unique and has certain attributes that make them rare and desirable, almost like a digital beanie baby. And users are spending tons of real money on them, with some of the rarest kitties fetching over $100,000 when the game first launched. While the startup is being pretty mum on what the future looks like and what theyre planning on using this funding for, its almost certain that the long term goal is to expand beyond CryptoKitties and use the same Ethereum ERC-721 collectible standard to create other game experiences, especially ones that can be played by regular people who are unfamiliar with cryptocurrency. To this note, Fred Wilson of USV quickly outlined the firms thesis behind investing in CryptoKitties, saying we think digital collectibles is one of many amazing things that blockchains enable that literally could not be done before this technology emerged. We also think digital collectibles and all of the games they enable will be one of the first, if not the first, big consumer use cases for blockchain technologies. If you want to find out more about how Continue reading >>

Ethereum Game

Ethereum Game "cryptokitties" Is Launching On Mobile And In China Quartz

The global crypto community is obsessed with collecting virtual cats, and its about to get even more so. Since the game CryptoKitties was launched in late November, players have spent more than $19 million trading cartoon kittens living on the ethereum network, and so far nearly 50,000 cats have been bred or released, according to CryptoKitties Sales , a third-party data site. At one stage, the game was responsible for nearly 25% of all ethereum transactions, jamming up the blockchain behind the worlds second-largest cryptocurrency after bitcoin. Now CryptoKitties is about to get a lot bigger as it hits mobile phones in a major market that has been left out of the feline trade until nowChina. A mobile app for CryptoKitties will be launched in the App Store in greater China and Singapore during the coming Lunar New Year that starts Feb. 16, Benny Giang, the games co-founder, told Quartz in an interview in Hong Kong. The app will also be available globally within weeks after its China launch, but both release dates have yet to be finalized. In the game, players can buy and sell digital kittens in a marketplace, and rent them out for breeding or have their own cats breed between themselves. Each cat comes with a specific set of attributes, and the rarest ones can get extremely expensive . So far the most valuable cat in the game changed hands in December for $110,000, according to CryptoKitties Sale. With more than 250,000 active players, CryptoKitties is currently available only via its website, and playing the game requires an ethereum wallet called MetaMask, which works as an extension for Googles Chrome browser. Because downloading the extension requires access to the Chrome web storewhich is blocked by Chinas Great FirewallChinese players have mostly been left out of Continue reading >>

Cryptokitties, Explained ... Mostly

Cryptokitties, Explained ... Mostly

Cassandra Shi, center, talks with other guests during a Crypto Christmas Party at Mr. Tipple's Recording Studio in San Francisco. Credit Jason Henry for The New York Times SAN FRANCISCO Joe Buttram, a former mixed martial arts fighter and start-up security guard turned cryptocurrency investor, was looking at a new toy called a CryptoKitty. You can see he wants to sire, Mr. Buttram, 27, said. For about 20 of the cryptocurrency called ether ($14,000 at the time), the cartoon cat would mate with one of Mr. Buttrams, and he would get a new CryptoKitty. That kitty could inherit its fathers desirable eyes (traits include thicccbrowz) or fur pattern (like totesbasic). Every new technology gets a game that helps bring it careening into the mainstream. Social networks had FarmVille. Mobile phones had Angry Birds. And, its investors hope, blockchain has CryptoKitties . Blockchain technology like Bitcoin and Ethereum, ledgers for recording virtual currency transactions, is booming, and CryptoKitties is the first big blockchain game. As they did with baseball cards, people collect CryptoKitties, but these cards can breed. The Ethereum network, whose currency is called ether, is valued at about $70 billion, but not many of the investors really know what their ether can be used to do. And now heres one thing you can do with it: Ether is the only currency that exists in the CryptoKitties world. Since CryptoKitties was introduced a month ago, 180,000 people have signed up. Theyve spent about $20 million in ether, and more than 10 kitties have sold for over $100,000. Based in Vancouver, British Columbia, CryptoKitties is now a team of 18. Next the company is starting social games like kitty beauty contests and expanding into other blockchain collectibles. Were just like, man, people wa Continue reading >>

Cryptokitties | Union Square Ventures

Cryptokitties | Union Square Ventures

The news broke today that USV, along with many of our friends in the tech/startup/VC sector, has invested in CryptoKitties . The USV team made one last December and our kitten looks like this: But beyond that, a CryptoKitty is a "non fungible digital asset" which means it is a piece of digital content that is unique, has a fixed number, and that someone can own, buy, sell, trade, etc. CryptoKitties was built on a standard for non-fungible tokens on top of Ethereum called ERC-721 which was originally authored by the CryptoKitties team. At USV, we think digital collectibles is one of many amazing things that blockchains enable that literally could not be done before this technology emerged. We also think digital collectibles and all of the games they enable will be one of the first, if not the first, big consumer use cases for blockchain technologies. We don't have much more to say about this investment right now. But we do have a lot more to say about it over time. So stay tuned for more from USV on this investment and the digital collectibles sector. Continue reading >>

Popular Ethereum App Cryptokitties Raises $12 Million In Series A Funding

Popular Ethereum App Cryptokitties Raises $12 Million In Series A Funding

Popular Ethereum App CryptoKitties Raises $12 Million in Series A Funding Join our community of 10 000 traders on Hacked.com for just $39 per month. Wildly-popular Ethereum application CryptoKitties has raised $12 million in a funding round led by venture capital firms Andreessen Horowitz and Union Square Ventures (USV). Announced on Tuesday, the series A funding round also featured personal investments from major tech figures such as Coinbase co-founder Fred Ehrsam, AngelList CEO Naval Ravikant, and Zynga founder Mark Pincus. Developed by Canada-based venture studio Axiom Zen, CryptoKitties is a decentralized application (DApp) that runs on the Ethereum network and allows users to collect, breed, and trade digital cats. These felines are constructed as ERC-721 tokens, making them digital collectibles that are uniquely identifiable and provably scarce. At USV, we think digital collectibles is one of many amazing things that blockchains enable that literally could not be done before this technology emerged, USV co-founder Fred Wilson wrote when announcing the firms investment in CryptoKitties. We also think digital collectibles and all of the games they enable will be one of the first, if not the first, big consumer use cases for blockchain technologies. As CCN reported , the game quickly became an overnight success, and at one point CryptoKitties single-handedly clogged the Ethereum network, leading at least one initial coin offering (ICO) SophiaTX to postpone its token sale. According to VentureBeat , CryptoKitites users have collectively conducted more than $40 million worth of transactions, and five cats have each sold for more than $100,000 in ETH at the time of the sale. CryptoKitties activity has declined over the past several months, but the game is still the th Continue reading >>

Cryptokitties Blockchain Sensation Raises $12 Million

Cryptokitties Blockchain Sensation Raises $12 Million

CryptoKitties blockchain sensation raises $12 million CryptoKitties became a sensation after it debuted in November as a collectible game built on top of a blockchain and the Ethereum cryptocurrency. Now the Axiom Zen game studio is spinning it out as a separate company, and it has raised $12 million funding for this endeavor. The idea behind CryptoKitties is to make blockchain technology accessible and relevant to everyday consumers.Andreessen Horowitz and Union Square Ventures led the round. CryptoKitties dont come with a cryptocurrency themselves. Rather, the company calls them cryptocollectibles, which use blockchain technology to authenticate ownership of a particular CryptoKittie character. Players can buy and sell those characters, and some of them are rare. You can think of CryptoKitties as a kind of Pokmon for the age of blockchain. Since its launch, CryptoKitties has gained more than 1.5 million users. This doesnt sound like a lot, but the studio says fans have conducted more than $40 million in transactions. And some of the games most popular cats have sold for the equivalent of more than $200,000. CryptoKitties got so popular that they accounted for as much as 30 percent of the volume of trading in Ethereum, one of the more popular cryptocurrencies. Angel investors include Fred Ehrsam (former founder of Coinbase);Naval Ravikant (CEO and founder of AngelList);Mark Pincus (cofounder of Zynga);Bill Tai (board member of BitFury);William Mougayar (founder of Token Summit);Avichal Garg (partner at Y Combinator);Jeff Morris (head of revenue at Tinder);Balaji Srinavasian (founder of Earn.com)Josh Stech (vice president of business at Lending Home);Joshua Naussbaum (founder of Compound VC)j; and Tyler Gaffney (CEO of Entrepid). Above: CryptoKitties will soon have a m Continue reading >>

Official Wikileaks Cryptokitties

Official Wikileaks Cryptokitties

Proud cryptographic kitten owner Julian Assange said: Cryptography is not only transforming the global financial system, it is generating creative innovation in a vast array of human interaction. WikiLeaks likes cats and wants to help bring cryptocurrencies and smart contracts into the mainstream. Donors and crypto-kitty enthusiasts can empower WikiLeaks by bidding for one of our cute purebred cryptographic kittens. Newcomers will learn about the blockchain, acquire their very first cryptocurrency, and potentially even make a profit. WikiLeaks gifts CryptoKitties to Trump & Hillary WikiLeaks is gifting two first generation WikiLeaks CryptoKitties, Trumps Tender Tabby ( cryptokitties.co/kitty/366883 ) and Clinton Console Kitty ( cryptokitties.co/kitty/367756 ) to President Trump and Secretary Clinton. These unique CryptoKitties are valued at several thousand dollars, meaning that President Trump will have to declare WikiLeaks gift under 5 U.S.C. 7432 and regulation GSA FMR B-41. Trumps Tender Tabby will become federal property to be enjoyed by future presidents via custodians at the US National Archives. Mr. WikiLeaks ( cryptokitties.co/kitty/301923 ) and Mrs. WikiLeaks ( cryptokitties.co/kitty/363461 ) are two Generation 0 CryptoKitties. WikiLeaks will keep scarcity by breeding only one kitten per week after the initial Christmas litter of 10 (of which only 8 will be for sale). Kitties can be renamed and resold or gifted by their new owners. Their authenticity can be verified on the blockchain. At the time of writing, the crypto kitty trade is worth well over US $ 17 million. Some limited edition CryptoKitties have sold for over US $ 110,000 kittysales.herokuapp.com ). WikiLeaks CryptoKittieswill be auctioned at a variety of prices, starting at the highest bidding pric 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 >>

Cryptokitties - Wikipedia

Cryptokitties - Wikipedia

CryptoKitties is a blockchain based virtual game developed by Axiom Zen that allows players to purchase, collect, breed and sell various types of virtual cats. It represents one of the earliest attempts to deploy blockchain technology for recreational and leisurely purposes. [1] The game's popularity in December 2017 congested the Ethereum network, causing for it to reach an all-time high in transactions and slow down significantly. [2] On March 20, 2018, it was announced that CryptoKitties would be spun off into its own company and raised $12 million from several top venture capital firms and angel investors. The investment round was led by New York based Union Square Ventures and San Francisco based Andreessen Horowitz . [3] [4] [5] Whereas CryptoKitties is not a cryptocurrency , it operates on Ethereum s underlying blockchain network, which offers something similar. Each CryptoKitty is unique and owned by the user, validated through the blockchain, and its value can appreciate or depreciate based on the market. CryptoKitties cannot be replicated, taken away, or destroyed. Users can interact with their CryptoKitties, having the ability to buy, sell, and sire (breed) them. A test version of CryptoKitties was unveiled at ETH Waterloo on October 19, 2017, the largest Ethereum hackathon in the world. As of December 2, Genesis, the first and highest selling cat was sold for 246.9255 ETH (~$117,712 USD) on that day. The virtual cats are breedable and carry a unique number and 256 bit distinct genome with DNA and different attributes (cattributes) that can be passed to offspring. [6] Several traits can be passed down including cool down time (how much time is required before a cat can breed), whiskers, fur color, eye shape, eye color and background color. [7] A CryptoKitty' Continue reading >>

Cryptokitties Is Going Mobile. Can Ethereum Handle The Traffic?

Cryptokitties Is Going Mobile. Can Ethereum Handle The Traffic?

CryptoKitties is Going Mobile. Can Ethereum Handle the Traffic? CryptoKitties, the viral blockchain-based game that sparked a global craze for collecting cartoon cats, is about to get a whole lot bigger, which could mean another pile-up for the worlds second-largest cryptocurrency. The blockbuster game is going mobile, launching a Chinese-language iOS App aimed at bringing Greater China and Singapore into the feline frenzy. The mobile edition is set to debut on Feb. 16, just in time for the Lunar New Year, with a global roll out expected a few weeks after the China release, says the games co-founder Benny Giang. The games studio, Axiom Zen, hasnt put a number on how many new users theyre expecting. Thats partially because after the PC versions Nov. 28 launch, even their wildest speculations were quickly eclipsed. We did some models and we some made spreadsheets and had everyone take a guess at how many users wed see. We ended up hitting every one of those numbers within the first three days, Giang tells Fortune. Intended as a cute way to promote the mainstream adoption of Ethereum a digital and decentralized ledger which records the games smart contracts CryptoKitties caught on with an irrational vengeance. Within days of the games launch last year, players fervor for breeding, collecting and trading digital cats clogged up the Ethereum network. At one point, the viral game accounted for nearly 30% of all transactions on Ethereum, which resulted in delays and unprocessed transactions. The backlog peaked at about 30,000 pending transactions . CryptoKitties, one of the biggest blockchain-based games, is launching a mobile edition. For more on Ethereum, watch Fortunes video: As the kitties prepare to hit the Chinese market, another traffic spike could be on the horizon. O Continue reading >>

Why We Put Money Into Bizarre Cryptocurrencies Like Ponzicoin Andcryptokitties

Why We Put Money Into Bizarre Cryptocurrencies Like Ponzicoin Andcryptokitties

Why we put money into bizarre cryptocurrencies like ponzicoin andcryptokitties CryptoKitties is a blockchain-based game. Shutterstock Why we put money into bizarre cryptocurrencies like ponzicoin andcryptokitties Brendan Markey-Towler does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Some initial coin offerings seem like scams (and some are), but behavioural research shows our emotions are part of why people buy in to cryptocurrencies for fruits and vegetables or crypto trading even if cool-headed rationality screams at us not to. An initial coin offering is just like an initial public offering. But, instead of shares, whats being sold are cryptocurrency coins or tokens. These are similar to virtual currencies found in computer games, enabling you to buy goods or services within an ecosystem. Read more: Explainer: what are initial coin offerings (ICOs) and why are investors flocking to them? The boom in initial coin offerings is a textbook example of how our emotions drive us to be overly optimistic and to become fixated on the spectacular gains made by others. Companies and designers can also appeal to our emotions and our conceptions of ourselves by appearing to adopt moral positions . This mix of emotions lets irrational exuberance over getting rich quick (while doing the world a favour) overwhelm our reason and willpower . Early investors in initial coin offerings made an absolute killing , which led to a lot of media coverage of newly minted crypto-billionaires . This is a recipe for creating whats called optimism bias because people become fixated on the spectacular gains made by others, playing into a lus Continue reading >>

Cryptokitties Raises $12 Million From Andreessen, Union Square

Cryptokitties Raises $12 Million From Andreessen, Union Square

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. CryptoKitties Raises $12 Million From Andreessen, Union Square Other angel investors include Ehrsam, Ravikant and Pincus Spinoff being done to make blockchain more accessible CryptoKitties, the blockchain-based virtual game that was a breakout success on the Ethereum network, is being spun off as a separate venture that has already raised $12 million from a star-studded roster of investors. While Andreessen Horowitz and Union Square Ventures led the funding round, other investors included Coinbase Inc. founder Fred Ehrsam, AngelList Chief Executive Naval Ravikant and Zynga founder Mark Pincus, the venture-studio Axiom Zen said in a statement. CryptoKitties, which is being spun off from Axiom Zen, aims to make the distributed ledger technology, best known for underpinning digital currency Bitcoin, more accessible and relevant for everyday consumers. The game entered the spotlight in December, when CryptoKitties slowed the entire Ethereum network. In the game, which debuted on Nov. 28, players can breed cats and sell their offspring. In early December, CryptoKitties accounted for 11 percent of all transactions on the network, according to web data tracker ETH Gas Station. The software application has fallen out of the top-10 most used Ethereum apps since. Continue reading >>

Ethereum Game Cryptokitties Now Has Some Serious Rivals

Ethereum Game Cryptokitties Now Has Some Serious Rivals

Ethereum Game CryptoKitties Now Has Some Serious Rivals Feb 17, 2018 at 10:00 UTC|UpdatedFeb 19, 2018 at 10:25 UTC Some people just aren't that into digital cats. Once the only major ethereum application (or dapp ) to see a large number of users trading " crypto collectables ," CryptoKitties is seeing new competition from projects seeking to issue their own tradable code on the blockchain. Zombies, countries - even crypto celebrities - are now creating whole new markets for exchangeable goods. Indeed, earlier this week, more than $10 million in ether was documented to be circulating within ethereum games, according to data collected by DappRadar . "If 2017 was the year of the ICOs on ethereum, 2018 is the year of the crypto games on ethereum," Iuri Matias, developer of ethereum dapps framework Embark, tweeted . Maybe it should be no surprise, since the items being traded have produced incredible price tags. For instance, the most expensive cats on CryptoKitties are currently worth 100,000 ETH per cat, or $93.4 million at today's prices. Simon Powell, developerof CryptoCountries, one of the games garnering a significant amount of attention, told CoinDesk: "We're in the middle of the crypto gaming craze." And while CryptoKitties is still, by far, the most successful game according to transaction count, it has markedly ebbed since its peak in December. Entering February, some alternatives are attracting higher volumes. Here are the top-grossing games giving CryptoKitties a scare. The slick interface and money-making potential of CryptoCountries puts it first in line as the top-grossing ethereum game today. Billed as offering "world domination on the blockchain," the game allows users to purchase countries on a digital map in what amounts to a twist on the board game class Continue reading >>

Why Cryptokitties Matters

Why Cryptokitties Matters

A blockchain-based game that lets you birth and trade digital kittens raised $12 million in new funding last week from some of the most revered tech venture capital firms in America. The game is called CryptoKitties, and it runs on Ethereum, a blockchain network created specifically to execute smart contracts, which are scripts that carry out immutable agreements and exchanges of value. Bitcoin runs on its own blockchain, a decentralized ledger maintained by miners who upload bundles of transactions; Ethereum is a separate blockchain and has its own digital token, ether. The price of ether (ETH) is down 46% in 2018 so far, but up 800% in the past 12 months. The excitement around Ethereum is all about its potential for storing and keeping track of anything that relies on authentication and verification: think real estate deeds, job contracts, resumes, or even autographed sports memorabilia . And it just so happens that a digital kitten game is the first product to demonstrate that potential. That may sound silly, but forget what the game is aboutthats not the point. The appeal is what the game proves: that Ethereum is perfectly suited for digital collectibles, any digital-only item that is unique, one-of-a-kind, and cant be duplicated or stolen. It is often games that first demonstrate the potential of a new technology.And people are really playing CryptoKitties. Users have spent more than $23 million to create or buy kittens, at an average sale price of $69 per kitten, according to a page that tracks CryptoKitties data . Thus: $12 million in new funding. The round was led by the Silicon Valley firm Andreessen Horowitz , which has invested in major bitcoin startups like Coinbase and Earn.com , and the New York firm Union Square Ventures, whose founder Fred Wilson is a h Continue reading >>

More in ethereum