The game was started with 100 “Founder Kitties” and every 15 minutes a new “Gen 0” cat is generated that sells for the average price of the last five sold, plus 50%.
It is a little bit weird that Ethereum, a cryptocurrency with little tangible use has found itself useful in buying virtual cats that definitely have no use. It basically works just like a cryptocurrency does, with all of its inflated worth being determined by the market’s interest in it. You’re free to buy and sell it and holding onto it could improve its value. When you buy one of these completely unique kitties, it’s 100% yours and nobody can take it away. For starters, as this takes place on the blockchain, it’s permanent. Unlike other digital collectable games, such as Neopets, CryptoKitties has a lot more in common with physical media like the Pokémon Trading Card Game.
03 ETH, or £10.50.īuilt by design studio AxiomZen as one of the world’s first crypto games, it’s actually an interesting introduction to how cryptocurrencies work. While price fluctuates, the cheapest kitty is around. Going by independent site Kitty Sales, many kittens sell for around 50 ETH (roughly £17,500), with the original kitten going for a whopping 246 ETH (£86,000). Since its launch, around $1.3 million has been transacted through CryptoKitties.
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