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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 >>

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, 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: How To Play The First Ethereum-based Game

Cryptokitties: How To Play The First Ethereum-based Game

Ethereum blockchain, is extremely easy to play and doesnt involve much effort to start. The game is available via a MetaMask extension; hence the most convenient way is to play it on the desktop. To start playing the game, you first have to purchase some Ether and transfer it to a digital wallet No other wallet supports CryptoKitties, so you have to start with installing MetaMask on your browser (Chrome, Brave or Firefox). Its one of the easiest wallets, and since it works as a Chrome browser extension, it makes it simpler to interact with most decentralised apps built on Ethereum. If you dont own Ether yet check our guide to the best cryptocurrency exchanges which offer Ether, such as One you buy Ether and install the MetaMask wallet, you have to transfer Ether from the exchange to the wallet. The recommended amount is at least 0.1 ETH (around $50). Bear in mind, that the minimum recommended amount, wont give you much flexibility in the game. You not only need enough to experiment with the kitties but also to cover all of the transaction fees. Hence, if youre serious about the game, you would probably have to invest around 1ETH to truly enjoy it. The next step is creating a CryptoKitties account. OK, so you bought some Ether and installed the MetaMask wallet. Time to start playing the game. create an account, you will see that that the game doesnt have as many exciting features as you would hope. The only thing you can do is breeding (or siring as its described in the game). Once you start breeding your kittens, you can move into selling, trading or lending them to others, and making a profit that way. But, for the time being, lets just stick to breeding. Start with getting one kitty (or better two as you would be able to breed them) and pay for it with Ethereum via t Continue reading >>

Cryptokitties Craze Slows Down Transactions On Ethereum

Cryptokitties Craze Slows Down Transactions On Ethereum

CryptoKitties craze slows down transactions on Ethereum These are external links and will open in a new window A new craze for virtual kittens is slowing down trade in one of the largest crypto-currencies. CryptoKitties lets players buy and breed "crypto-pets" on Ethereum's underlying blockchain network. The game's developers told the Bloomberg news agency that CryptoKitties was a "key step" to making blockchains more accessible. But its popularity has underscored one of the technology's biggest downsides: its lack of scalability. Etherscan has reported a sixfold increase in pending transactions on Ethereum since the game's release, by the Axiom Zen innovation studio, on 28 November. "CryptoKitties has become so popular that it's taking up a significant amount of available space for transactions on the Ethereum platform," said Garrick Hileman, from the University of Cambridge. "Some people are concerned that a frivolous game is now going to be crowding out more serious, significant-seeming business uses." An estimated $4.5m (3.35m) has been spent on the cartoon cats at the time of writing, according to Crypto Kitty Sales . Image caption CryptoKitties is the first game built on Ethereum Think of these rather unpalatable cartoon kittens as unique digital Pokemon cards. The game's developers describe them as "breedable Beanie Babies", each with its own unique 256-bit genome. These crypto-collectibles are also gender-fluid, able to play the role of either the "dame" or the "sire" when bred together. The kitties' unique DNA can lead to four billion possible genetic variations. Some of the varieties created so far look lifelike, with grey striped fur and bulging green eyes. Others are speckled with neon-blue spots or magenta-patterned swirls. Image caption One of the less at Continue reading >>

Cryptokitties Guides, Faqs, Tips/tricks Learn How To Play Crypto Kitties By Crypto Kitty World

Cryptokitties Guides, Faqs, Tips/tricks Learn How To Play Crypto Kitties By Crypto Kitty World

A computer or laptop running the desktop version of Chrome or Firefox MetaMask, a digital wallet used specifically with web apps Ether, a form of digital payment that powers CryptoKitties To use CryptoKitties, you will need to install MetaMask, a digital wallet. You will need to put money in it to make your first purchase. Note:A digital wallet like MetaMask acts like a bank accounttreat it with respect and make sure you dont forget your password or the seed words. Occasionally the My Kitties page displays a lock screen. This happens because MetaMask locks your account after a certain period of time automatically. To unlock simply click on the MetaMask extension and type in your password. For U.S. citizens only:you can buy ether (ETH) in MetaMask. ETH is a digital currency that enables our game to run. For everyone else:you will need to purchase ETH from an exchange. The easiest way is using Coinbase and then transferring the ETH from your Coinbase wallet to your MetaMask wallet. Unfortunately, you cannot play CryptoKitties with a Coinbase wallet or any other wallets. You cannot use USD/CAD to buy a CryptoKittycurrencies need to be converted into ETH first. For U.S. citizens only:you are able to purchase ETH directly from the MetaMask wallet using the Coinbase widget. This is more convenient and doesnt require you to create two accounts. For everyone else:you need to buy ETH from an exchange using normal fiat currency. Coinbase is the easiest to setup however the choice is ultimately up to you. Copy your MetaMask address but clicking on the then Copy Address to clipboard. Go to Coinbase and click Accounts and select your ETH Wallet and then click send. Paste the MetaMask address in the box with the amount youd like to transfer. Continue reading >>

Ways To Play Cryptokitties : Cryptokitties

Ways To Play Cryptokitties : Cryptokitties

I was trying to think of different ways you can play CryptoKitties to help new players get started. If you guys have any ideas other than the ones listed below, I'd love to hear them and possibly add them to the list. The more players we have, the more fun we have, right? (I've posted the following on ) There are countless ways to enjoy CryptoKitties. Here are a few ideas to get you started. You buy a few cats. You give them cute and hilarious names. You show them to your friends and family. Your mom says, You spent your birthday money on that? But you dont care what anyone says. You love your cats and youll keep them forever. You love calicools and cant help hoarding them. Or maybe youre a Fancy Cat Enthusiast and want one of each kind. Or maybe you want to own every cattribute so as soon as a new cat is discovered, youll have all the ingredients you need to create one. Any way you slice it, youre a cat collector. You specialize in breeding a certain type of kitty. Like, for example, maybe youre really good at making green-and-yellow Packers Cats. (shout-out to Interplanetary Seamen) If you love gene-reading and selective breeding, you might enjoy creating a cat with very precise cattributes or a cat that is purebred in multiple categories. Its a high-speed thrill ride, but if you like chasing the newest hot traits, this race for big profits might be you. Get a great low generation cat, put him up for sire, make a few bucks, then sell him. Sounds kinda immoral, but Continue reading >>

People Have Spent Over $1m Buying Virtual Cats On The Ethereum Blockchain

People Have Spent Over $1m Buying Virtual Cats On The Ethereum Blockchain

People have spent over $1M buying virtual cats on the Ethereum blockchain Launched a few days ago, CryptoKitties is essentially like an digital version of Pokemon cards but based on the Ethereum blockchain.And like most viral sensations that catch on in the tech world, its blowing up fast. Built by Vancouver and San Francisco-based design studio AxiomZen , the game is the latest fad in the world of cryptocurrency and probably soon tech in general. People are spending a crazy amount of real money on the game. So far about $1.3M has been transacted , with multiple kittens selling for ~50 ETH (around $23,000) and the genesis kitten being sold for a record ~246 ETH (around $113,000). This third party site tracks the largest purchases made to date on the game. And like any good viral sensation prices are rising and fluctuating fast. Right now it will cost you about .03 ETH, or $12 to buy the least expensive kitten in the game. So now we have people using Ether, an asset with arguably little tangible utility to purchase an asset with unarguably zero tangible utility. Welcome to the internet in 2017. In all seriousness, its a little bit reminiscent of the beanie baby trend where people were paying insane amounts of money for stuffed animals. But if the popularity continues to increase these people may be able to make a return by reselling or breeding their rare kittens, or theyll be stuck holding the virtual cryptographic keys to a virtual rare kitten when the market crashes in a few day, like eventually happened with beanie babies. There are a few cool things about the game though, and putting aside the valuation absurdity its actually a cool way for beginners to interact with the Ethereum blockchain. First off, its important to understand that since its played on the Ethere Continue reading >>

Crypto Kitties Guide To Useful Links

Crypto Kitties Guide To Useful Links

Crypto Kitties Guide learn how to play CryptoKitties on ETH Blockchain Follow our Crypto Kitties Guide for how to get started with Crypto Kitties including beginners tutorials on how to buy , trade and breed new Crypto Kitties. If you are thinking of becoming a new Crypto Kitty owner, please read our Crypto Kitties Guide before you take the big step of becoming a new owner! The temptation is to jump in and buy the cheapest Kitten you can find, you may regret this after you have done more research as you can make more informed decisions. Kittybids.com is here to help! Crypto Kitties Guide to what are Crypto Kitties? Crypto Kitties is one of the worlds first block chain games where you can collect and trade adorable cats. The CryptoKitties game is based on collectable kittens, that are breedable. Each cat is one-of-a-kind and 100% owned by you; it cannot be replicated, taken away, or destroyed. Some have described it as amodern day Pokemon with cats on the blockchain CryptoKitties is based on the Ethereum block-chain and you need some Ether to buy these cryptocollectables. Ethereum, also known as ETH or Ether, is one of the topcryptocurrencies in the world and needs to be purchased in advance in order for you to be able to play the game and trade kitties. Check our guide on how and where to buy ethereum The object of the game is to acquire cartoon kittens. The only way to do this is buy them or be gifted them. Each kitten has a set of attributes (or cattributes) see below on this page for a full list of cattributes. Kitty Players can then try to generate kittens with rare attributes by breeding them with other cats in their stable. Players can acquire or sell cats in the Kitty marketplace within the the game. To get started playing Crypto Kitties you will need a PC or la 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 >>

How I Play Cryptokitties Cryptokitties 411

How I Play Cryptokitties Cryptokitties 411

Ive decided to share my personal CryptoKitties strategy. This is not investment advice; it is simply how I choose to play. Please bear that in mind. First of all, I have never put in more money than I am willing to lose. Thats pretty important. I have three kinds of kitties: 1) investment kitties, 2) breeding kitties, 3) just-for-fun kitties. These are the kitties that I am holding for long-term gains. They have production limits, so their rarity should get better over time. I have two Gen 0s, two fancies (SantaClaws), and three low-ID kitties (<#100,000). It doesnt make sense to try to breed all the kinds of kitties, so I have chosen a particular combination to focus on. I have chosen cloudwhite wingtips cats because they fit well into the 3 elements of kitty value: rarity, utility, and appearance. Cloudwhite is a tier-1 mutation, and wingtips is a tier-2 mutation. Because they are mutations, they are harder to create. This makes them much more rare than basic traits, especially in lower generations. Cloudwhite and wingtips are useful in a few different ways. Most importantly, their mutation pairs have not been released yet. Once those mutation pairs are released, the value of cloudwhite and wingtips will jump up for a period of time. In addition, wingtips has never been used in a fancy recipe. When that happens, wingtips will see another bump in value. Wingtips is easily the communitys favorite eye shape. It makes any cat a little cuter, and it consistently sells at a premium due to its attractiveness. Cloudwhite is also a widely popular base color. It stands out in the marketplace and it matches well with basically all the other colors. (I also like to pair cloudwhite wingtips cats with pretty mouths (whixtensions, soserious, happygokitty) to complete the ensemble.) 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 >>

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 >>

Get Cryptokitties On Your Phone Withtoshi

Get Cryptokitties On Your Phone Withtoshi

Get CryptoKitties On Your Phone WithToshi Were excited to announce that CryptoKitties is now available on Toshi . Just open your Toshi app, and select CryptoKitties to get started. If you havent been paying attention, CryptoKitties fever is sweeping the world . At the time of writing this, more than 140,000 crypto cats have changed hands for over $14 million (and counting)! We think its a fun demonstration of the Ethereum networks potential. Until now, you could only access CryptoKitties via the web. Users have been asking for an easy way to buy, sell and breed their kitties on mobile. Now, with Toshi, its easy to access your kitties wherever you are. If you dont have Toshi, you can find us on the iOS App Store or Android Play Store . CryptoKitties is now featured on the front page of the latest Toshi apps for quick access. If you dont see CryptoKitties, make sure youve updated to the latest version. If you would like to send your existing kitties to your Toshi wallet, you can do so using the Gift Kitty feature. Just send the kitty to your Toshi wallet address (You can access your wallet address from the Me>Balance>Deposit menu on Toshi). And a big shout out to team CryptoKitties at AxiomZen for working with us to make this happen! We will continue to work closely with developers to make innovative Ethereum based products and services available on mobile with Toshi. PS. Say hi to our official Toshi mascot CaToshi! The links in this blog post are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Toshi of any of the content or views expressed by or on any external site. Toshi bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. Contact Continue reading >>

Cryptokitties Ios App Launch In China, Hong Kong, And Taiwan

Cryptokitties Ios App Launch In China, Hong Kong, And Taiwan

CryptoKitties iOS App launch in China, Hong Kong, and Taiwan Theres lots of excitement in the blockchain gaming world as CryptoKitties officially launched their iOS mobile app for China, Hong Kong and Taiwan players. CryptoKitties iOS app will premiere in China before it makes its way to the rest of the world. Players on the iOS app will be able to play CryptoKitties on their phone with no third-party tools necessary as you currently require MetaMask that allows you to run Ethereum dApps right in your browserso that you can play. CryptoKitties launches inChinawith localized website and support, iOS app in beta exclusive release for 5,000 lucky players selected from the official WeChat account. Momo WangjoinsCryptoKittiesas abrand ambassador and first contributor to the Artist Series, a series for official artist collaborations on limited edition Kitties. Ms Wang is the creator of Tuzki, one of the worlds most popular characters, with over 40-million uses per day across social media, mostly inChinaandJapan. The Artist Series is the first collaboration of its kind, illustrating market demand for digital art and blockchains potential for artists worldwide. The CryptoKitties team has worked hard to tap into this market. Previously players and potential investors from China were unable to play CryptoKitties due to their internet and cryptocurrency restrictions. As we all know Pokemon, Anime and HelloKitty created a lot of hype in this market so the prospects for CryptoKitties are very promising. Whats so special about owning CryptoKitties? Every CryptoKitty is unique and stored digitally on the Ethereum blockchain. Just like collectors pay enormous amounts for rare toys, comic books and fine art, CryptoKitties shows how digital scarcity can make cult objects valuable and co Continue reading >>

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