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CryptoKitties

CryptoKitties

CryptoKitties is a game built on the Ethereum blockchain in which users can collect and trade virtual kittens.

CryptoKitties is an Ethereum blockchain-based game in which users collect and trade digitally scarce virtual kittens using Ether (ETH) tokens. CryptoKitties was developed by the game studio Axiom Zen and launched on November 28, 2017. The CEO behind CryptoKitties is Roham Gharegozlou.

Design and gameplay
Supply and breeding

Via smart contract, CryptoKitties are distributed automatically into its marketplace at the rate of one every fifteen minutes for one year (equal to 672 per week, or 34,944 per year.) In addition to those automatically generated, two kitties may be chosen and bred for a genetically unique offspring with combined traits of its parents. A kitty's gender selection is not permanent and can be changed when trying to breed with another kitty. CryptoKitties remain permanently available on the blockchain they were built on, regardless of the project's current support status.

Genetics

Each kitty has a unique 256-bit DNA sequence that defines its various genes and physical traits, including characteristics like eye shape and color, fur, and coat pattern. The DNA sequence of offspring kitties is determined using an algorithm on the blockchain-based sequences of each parent kitty. Physical and hidden traits can be passed down, while features like cooldown times are instead a function of the "generation" of the offspring, which is one higher than the maximum generation between the two parents.

Marketplace

Players can buy and sell CryptoKitties on the site's marketplace using the digital wallet MetaMask. Transactions are made using Ethereum. Users can also make offers to any other user on any CryptoKitty, regardless of its sales status.

Popularity

CryptoKitties gained significant interest almost immediately upon its release: just a day after its smart contract deployment on November 22, 2017, CryptoKitties was one of the top three most active contracts on the Ethereum blockchain. It officially launched on November 28. By December 5, over $5 million in transactions had been processed on CryptoKitties, which accounted for nearly 25 percent of Ethereum traffic at the time.

The network congestion caused by the game highlighted the blockchain scalability issues for the Ethereum network and blockchains in general. "CryptoKitties has become so popular that it's taking up a significant amount of available space for transactions on the Ethereum platform," said Garrick Hileman. In response to the heavy traffic, CryptoKitties temporarily raised its offspring birthing fees from 0.002 to 0.015 ETH to compensate for the rising Ethereum gas prices. Within a few days, it dropped the price to 0.008 ETH.

Timeline

September 3, 2021
Classic Ethereum CryptoKitties NFTs soar in value, with about $7.27 million worth of CryptoKitties NFTs transacted over a 24-hour period— 22,106% day-over-day increase.
May 21, 2020
Dapper Labs announces that CryptoKitties will launch onto the company's Flow Blockchain
November 1, 2018
CryptoKitties raises a $15,000,000 venture round from Samsung NEXT and Venrock.
September 5, 2018
CryptoKitties most expensive virtual cat, Dragon, fetches $170K in crypto cash.
March 20, 2018
CryptoKitties raises a $12,000,000 series A round from Andreessen Horowitz and Union Square Ventures.
December 5, 2017
One week after the launch of CryptoKitties, its transactions make up about 25 percent of Ethereum's blockchain network traffic.
December 4, 2017
CryptoKitties raises its birthing fees due to network congestion, but lowers them a few days later.
November 28, 2017
CryptoKitties is launched.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

CryptoKitties

March 28, 2019

Do You Really Own Your CryptoKitties?

Greg McMullen

Web

How a Hackathon Birthed the CryptoKitties Origin Story

Rachel Wolfson

Web

How to Chase Fancy Cats

May 22, 2018

News

Title
Author
Date
Publisher
Description
Gian Volpicelli, Wired UK
February 27, 2021
Wired
Non-fungible tokens provide a way to invest in and own digital imagery. But is it just another crypto fad--or the future of intangible art?

References

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