What is collectible CryptoKitties?

Collectible CryptoKitties allowed users to buy, own, and trade unique, adorable cartoon cats on the blockchain. Around the time of launch, CryptoKitties was so successful that it slowed the Ethereum network. Just a few days after launch, users had already spent over $1 million on these collectible cats.

What are CryptoKitties & how do they work?

Well, there’s a couple of answers. At the most basic, CryptoKitties are blockchain-based collectibles — u nique yet interactive pictures of cats that are part of a game designed to create more CryptoKitties. It’s really fairly simple. CryptoKitties come in two sexes, sires and dames.

Are CryptoKitties a currency?

CryptoKitties are not a currency. Instead, they’re blockchain assets. They’re structured similarly to most other tokens. However, they have one major difference. Each CryptoKitty is unique, and they’re not meant to be fungible. Fungibility is key for a currency.

Can two CryptoKitties be bred together?

Two CryptoKitties can be “bred” together – each CryptoKitty NFT embodies a 256-bit “genome” that can pass on its traits. CryptoKitties plans to migrate to its own dedicated blockchain on the Flow network, enabling greater functionality and lowering transaction costs. CryptoKitties are non-fungible tokens (NFTs) of unique digital cats.