Do you know about cryptokitties that will get you rich?hmm

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4 years ago

Such is the hype surrounding cryptocurrencies that anything built on blockchain technology is instantly a big deal. Take, for example, CryptoKitties, a Ethereum-based game where players are paying $100,000 for, essentially, pictures of cats.

Blockchain is hard enough to get your head around, but I don’t know where to begin with CryptoKitties. They’re sort of like Pokémon cards that you can’t physically hold that can only be purchased with internet money. Users spend Ethereum in order to “breed” new kitties. Each kitty is unique and some devoted CryptoKitties players are willing to pay huge sums to own the best ones. The highest price paid currently stands at $117,700.

While a little bit weird, CryptoKitties is hugely popular. Over $12m has swapped wallets in kitty-sales. Likewise, the game is now reportedly responsible for 11 percent of all traffic on the Ethereum Blockchain according to Motherboard.

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