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.

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.

How much is a cryptokitty worth?

On May 12, 2018, a CryptoKitty was sold for $140,000. In May 2018, CryptoKitties launched their first celebrity-branded CryptoKitty with Stephen Curry, an American professional basketball player. As part of the partnership, Curry was given three CryptoKitties with special imagery, the first of which he put up for auction.

What are Google Trends of CryptoKitties?

FIGURE 6. Google Trends of CryptoKitties and the numbers of daily active addresses. Cryptocurrencies, such as Bitcoin, show a positive correlation between their prices and the sizes of the user groups [ 13 – 15 ]. The kitties in the game are ERC-721 token, and therefore, the same rule applies.