If you’re into NFTs and NFT games, you’ve probably heard of “CryptoKitties.” It’s difficult not to notice the Amazing NFTs in the game, given how beautiful and lovely they are.
This article delves into the world of CryptoKitties, a blockchain-based game in which you can buy, trade, collect, and breed virtual cats. CryptoKitties was an early adopter of blockchain technology, non-fungible tokens (NFTs), and Ethereum games. Though the game is humorous in tone, it occupies a significant position in blockchain history as one of the earliest non-financial use cases for blockchain technology.
What are CryptoKitties
CryptoKitties is an online game where players buy, trade and breed adorable digital cats. Crypto Kitties was the world’s first gaming application built on the Ethereum network and proved to be widely popular during the first several years of its existence.
CryptoKitties were one of the first collectible NFTs released to the market and have continued to gather interest from a certain subset of the cryptocurrency community. Built on the Ethereum blockchain, crypto kitties were the forebears of collectibles like NBA Top shot (also by Dapper Labs), as well as crypto punks and Sorare.
Crypto Kitties were Ethereum’s first official gaming application and accounted for a considerable amount of Ethereum transactions for a period of time. There have been instances of individual crypto kitties selling for hundreds of thousands of dollars, although these days the average sale price of a crypto kitten sits around $60.
The Team Behind Cryptokitties.
The game was built by Axiom Zen, a Vancouver and San Francisco-based design studio. The studio started with its operations in 2012, and currently holds 5 independent businesses under its corporate umbrella. Out of the 5 businesses, Dapper labs is responsible for crypto kitties and other products such as NBA top shot, Flow, and Dapper wallet.
Dapper labs came out as a separate entity from the brand name of Axiom Zen in February 2018. The objective of Dapper Labs is to disseminate the benefits of blockchain through the avenues of entertainment and gaming.
Dapper Labs is backed by several reputed investors, including Andreessen Horowitz, Union square ventures, Venrock, Google Ventures, Samsung, and the founders of dream works, Reddit and Zynga.
Right now, the cryptokitties core team has 15 people in it, looking after the different aspects of product development, business and support, art and design, operations, and community.
Where to buy CryptoKitties?
You can buy Cryptokitties from the Cryptokitties marketplace. All your need to do is to look through the search tab on the marketplace. After buying, you can breed two cryptokitties together or receive one as a gift from another player through your wallet.
The Cryptokitties do not have a standard price. The auction determines the final price. A small amount of gas fees also go into conducting transactions on the blockchain.
Every fifteen minutes, the Cryptokitties team releases a ‘Gen O’ crypto kitty. The starting auction price of the Cryptokitties is derived by calculating the average price of the last five Cryptokitties sold from the Kitty clock, and an additional 50℅ is added to the price.
How to Make Money on Crypto Kitties
The real question here is whether you can make money with these cryptokitties.
In a nutshell, YES, there is an earning opportunity associated with this game, which adds to its allure. The entire game revolves around buying, selling, holding, and breeding the kitty. It is entirely up to you. We can either buy an existing kitty and then decide whether or not to breed it. After breeding it, we will be able to sell it to other buyers for the desired price. Alternatively, we could purchase a new kitty from the Gen 0 section and then sell it after breeding the kitty to make some money. The more unique a cryptokitty is, the more profit we can make by selling it. We can also decide to keep the kitty if the price is not raised at that time.
This marketplace, like any other market, product, or collectible, is driven by demand and supply, as well as your asking price. Who are the buyers of these kitties is a question that may arise in your mind. Buyers can be anyone because these kitties can make them a lot of money if their kitties are unique and appealing enough for other buyers who are willing to pay a lot of money for them. We already know how much Genesis was sold for, so we can calculate how much these kitties are worth. In addition, more than $4 million in kittens have been sold to date.
How to Breed Cryptokitties
Breeding a new Kitty can be accomplished in two ways: breeding two of your own Kitties together, or breeding with a public sire. Breeding two Kitties of the same generation is the best practice because the offspring’s generation (gen) will be the highest generation of both parents plus one. When you cross a Gen 3 and a Gen 4 Kitty, you get a Gen 5 Kitty. When two Gen 3s are bred together, a Gen 4 is produced.
- At the top of the screen, click on the Search box.
- Below the search box, tick the box next to Siring.
- You can sometimes find Sire’s that are happy to breed for free, which is great! I like the look of Kitty 5144811. Find the Sire you want to breed with and click on its picture.
- Next, click on the pink Breed Now button
- Now you will need to select which of your Dame you want to breed! Click on Select a Kitty to complete the process. Once you confirm the transaction, the new CryptoKitty token will be sent to your MetaMask wallet!
CRYPTOKITTIES FREQUENTLY ASKED QUESTIONS
Blockchain is still relatively new in the gaming industry, and not everyone understands how to play them, so gathering as much information as possible about the games is advised. The following are some of the most frequently asked questions about CryptoKitties.
What happens to CryptoKitties?
Cryptokitties are still available to collect and breed. Additionally, you can create your collection with them to earn rewards. You can play games in the Kitty verse and crack puzzles alongside other play. There are more than 2000 kitties up for sale.
The available kitty types include the normal, fancy, exclusive, super edition, and shining fancy. You can choose your crypto kitty by the generation it belongs to and its cooldown period. You can sort them by price, age, generation, cool down, and likes.
Are cryptokitties worthless?
The Cryptokitties marketplace suggests the opposite. As we have already seen, there are more than 2000 kitties available for sale and siring While the minimum price starts from 0.001 ETH, the highest-priced one has crossed the mark of 999 ETH, or USD 999k. Had cryptokitties been worthless, they would not have fetched such a high price for a piece.
Is cryptokitties a good investment?
If we look at the cryptokitties sales history over the last month, out of more than 6000 crypto kitties were sold, more than 2700 were secondary sales. While primary sales drew a volume of nearly $98000, the secondary drew more than $292k. These numbers indicate a healthy resale value. And, therefore, crypto kitties can be considered a good investment.
Is cryptokitties a game?
Yes. It is the world’s first game built on the Ethereum network. It is a game where players can buy, trade, and breed digital cats.
Is cryptokitties based on Bitcoin?
No. Neither are cryptokitties currencies nor do you need bitcoins to buy them. Cryptokitties are crypto collectibles that you can buy from its marketplace using ETH. Once you buy a crypto kitty, it becomes one of your possessions. The smart contract validates your ownership, while the supply and demand of the products work as the price determinants.
Can I mint cryptokitties?
Since crypto kitties are not cryptocurrencies, you can not mint them. However, it is possible to breed your crypto kitties. You can breed your cryptokitten by breeding the dame and sire you have. You can also use other people’s crypto kitties for breeding in exchange for a sitting fee. As you can see, cryptokitties is one of the best of his kind. As a game lover, you can make cryptokitties one of your favorite games, if not one of your best.