All You Need to Know About CryptoKitties

Most of the collectibles that have entered the cryptocurrency market have come from NFTs, and currently, a section of the cryptocurrency world is becoming interested in them. The Ethereum (ETH) blockchain included pioneers of collectibles such as Soarer, CryptoPunks, NBA Top Shot and Manufactured CryptoKitties. This ETH appeared as the first official game application for cryptocurrency, and it also accounted for a significant portion of transactions for some time. For most people, bitcoin trading involves buying this cryptocurrency on a cryptocurrency exchange like Bitcoin Trader.

If you want to know more about this topic, then let’s go ahead.

Progress of Cryptocurrencies

  • In the year 2017, Axiom Zen created CryptoKitties. More generally, virtual cat assets are kept on the Ethereum blockchain itself, using smart contracts to allow existing gamers to breed, collect, buy, and sell their virtual cats. Every cryptokitties transaction is done in Ether as this app is built on the Ethereum network.
  •  If we talk about selling CryptoKitties, it was first sold for 246.9255 ETH, which was valued around USD 117,712 at the time.
  •  When it was launched, the game became so popular that the transaction Ethereum network was closed due to too many transactions.

What are CryptoKitties?

CryptoKitties was launched in late 2017 by a Canadian firm, axiom Zen.Although Axiom Zen which works on a number of different initiatives in conjunction with Virtual Reality and Software Development, CryptoKitties’ launch turned out to be their most successful plan so far.

In addition, an Ethereum game was created by the creators using which anyone around the world can own virtual cats produced by smart contracts. Every cat has different colored fur, hair and eyes are the same! There are also some cats that are found in quite unusual forms that can be obtained at high prices. As seen here as an example, in some cases people have spent almost over $110,000 for a cat! Also cryptocurrencies are commonly referred to as a game which you can only buy and sell.

How does CryptoKitties work?

CryptoKitties exist as a non-fungible token. The ERC721 token standard has been used to design on the Ethereum network. Although seen before the introduction of ERC721, blockchain tokens are considered to be interchangeable; And each BTC or ETH token is treated like any other. The development of a non-fungible, one-of-a-kind unique token was enabled by eRC721.

Smart contracts and ERC721 tokens were used to evaluate the cryptocurrency digitally. Each cryptocurrency comprises a digital genome, which is stored in a smart contract. The phenotype, or the outward appearance of the smart contract, is determined by its immutable genotype.

Best way to buy cryptoKitties

If you are also considering getting started with your CryptoKitties you will need to have a mobile device, a PC or crypto wallet like MetaMask and some Ethereum. And if you have all these available, then only you need to set up an account in CryptoKitties Market, once you have set up your account you can select any cat of your choice. Then click on “Buy Now”. If you already have ETH associated with your wallet, you will see a window called Dapper Transactions on which the purchase can be completed.

The future of CryptoKitties

In addition to buying or keeping cats, you can now participate in catfights as well as compete on the leader board in the world of Cryptokitties. Cryptokitties have helped increase the popularity of crypto-collections also known as non-fungible tokens. The growing popularity and immense success of crypto kitties has led to a multitude of comparable digital things and crypto-storages about where blockchain can be used, leading to online trade. .