One of the first and most successful NFT projects to date, the popular CryproKitties; the project definitely helped unveil the potential of blockchain NFT technology as it applies to games and digital media entertainment. But, what exactly made CryproKitties so popular and successful? Just like with any other NFTs, the value relies on three main components: scarcity, rarity, and functionality of the NFT, of course, these components apply to other assets as well. On top of that, cryptokitties appeared at a time with a booming NFT market that helped skyrocket the popularity of the project. Have you ever owned and bred a digital cat? Continue on reading as we tell you more about CryproKitties.
Cryptokitties was created back in 2017 by AxiomZen and it allows the users to breed, feed, and speculate with their crypto cats. If you own one of the first cryptokitties that first came out you have probably seen huge returns on your investment. Many of these kittens have sold for thousands of dollars in the six-figure range. Today, it is possible to buy CryproKitties of different price ranges as you may find out by heading on to their website. If you are looking to get your hands on one of these kittens, the recent drop in price for all crypto coins in general including ETH may offer some opportunities, some of them are selling for as low as 0.005 ETH.
Every CryproKitties is unique and has its own attributes or ‘Cattributes’ as the game calls them. When you breed kittens together, the resulting kitten is also unique with inherited attributes from their parents. When you breed kittens a blockchain transaction is produced and the new kitten gets assigned a unique NFT token ID. The cost for the transaction is 0.008 ETH.
How would you get a cryptokitty?
Owning a cryptokitty is not hard and requires a few easy, besides learning how to set up your digital Metamask, everything else is pretty much intuitive and well explained on their website. Make sure your wallet is on the Ethereum network which is the one that works with the kittens. Once your wallet is set up you need to authorize the link between your wallet and cryptokitties to be able to make transactions. You will be redirected to a page where you can take a kitten class for further explanation. Pepito the cat explains everything about breeding and collecting cats.
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