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What are CryptoKitties?

What are CryptoKitties?

The name "CryptoKitties" is almost often mentioned while discussing blockchain games.

In CryptoKitties, gamers breed and tradegorgeous digital cats in a virtual world. At this point, you're definitely familiar with Pokémon or Tamagochi if you were born in the 1990s.

What is the CryptoKitties?

It's a game called CryptoKitties, which are adorable, breedable, and collectible creatures. Cats can't be reproduced, stolen, or destroyed; they're all unique and held by the person who has them. One of my friends described Cryptokitties as "like Beanie Babies, but for the blockchain," which made me laugh.

In contrast to other cryptocurrency projects, CryptoKitties utilizes a non-fungible token (NFT) to represent each individual CryptoKitty on the network.

To the crypto community, it was a game-changing demonstration of how distributed ledger technology can be used to create something enjoyable and real.

How does CryptoKitty Work?

ERC721 Token Standard was used to create CryptoKitties, a non-fungible cryptocurrency, based on Ethereum blockchain technology. Until the introduction of ERC721, all tokens on the blockchain were fungible, or interchangeable; anyone Bitcoin or Ethereum token is identical to any other. Non-fungible coins were made possible by ERC721.

Smart contracts and ERC721 tokens were intended to study the concept of digital scarcity in CryptoKitties.

In a smart contract, each CryptoKitty has its own unique digital genome, which is accessible to all other CryptoKits. Using a genetic algorithm, any two CryptoKitties can be bred; each offspring has its own unique set of characteristics (or "cattributes"). Its phenotypic, or look, is dictated by the smart contract's unchangeable genotype.

Born on Ethereum, now on Flow: the history of CryptoKitties

Since its inception, CryptoKitties has been built on the Ethereum distributed ledger. Thirteen percent of all transactions on Ethereum were made within a week of the game's introduction. As of October 2020, sales of CryptoKitties totaled over 61,000 ETH ($21m).

Game Popularityof CryptoKitties immediately created an issue for the Ethereum network, which could only handle so many transactions at a time. Queues form as a network traffic becomes more congested. As the demand for CryptoKitties grew, other businesses were unable to validate their transactions as rapidly.

These quickly growing digital cats are said to have crippled several of these business cases. CryptoKitties announced it would move to Flow in May 2020.

A smart contract on the Ethereum blockchain will be used to keep track of who owns which CryptoKitties. For a year, CryptoKitties will be issued at a pace of one every 15 minutes, or 672 each week.

Trust Wallet is a safe place to keep your cats

A crypto collectibles wallet is now built into Trust Wallet, making it even more cat-friendly than before.

You can save your CryptoKitties in the Collectibles area by transferring them to the Ethereum public address.

Getting immersed in the game that started the NFT genre is the best way to learn about its unique environment. Many other copycats exist, but CryptoKitties is the only one of its kind.

CryptoKitties' Future

The first step in creating crypto-collectibles, a new sort of digital goods that can be exchanged online, is CryptoKitties. New blockchains have aided the growth of the CryptoKitties industry in many ways, including scaling issues.

With $11 million in funding and assistance from Warner Music Group and video game publisher Ubisoft, Dapper Labs, the inventors of CryptoKitties, have big plans for its Flow blockchain platform. Aside from that, they've signed agreements with the NBA and the Animoca Brands to use their properties for their own Flow blockchain crypto-collectibles.

However, the game that started it all will continue to purr happily at the center of Flow while Dapper Labs continues to develop it out.