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Monday, December 04, 2017 11:54:40 AM
Collectors of gold and cryptocurrencies had spent more than $2 million worth of Ethereum cryptocurrency on virtual kittens by Sunday night, bought and sold over a new blockchain-based game called CryptoKitties.
The craze for the virtual cats — whose exorbitant valuations are reminiscent of pre-crash Beanie Babies in the 1990’s — mushroomed within days of the game’s launch on Nov. 28, TechCrunch reports. - https://techcrunch.com/2017/12/03/people-have-spent-over-1m-buying-virtual-cats-on-the-ethereum-blockchain/
According to a third party site that monitors their sales the most expensive virtual kitten so far was bought Sunday for $117,712; the mean price of a virtual kitten is currently a little less than $90. - https://kittysales.herokuapp.com/
CryptoKitties function much like the cryptocurrencies used to purchase them. They are not stored in a centralized database and because each one is a unique, immutable object traded over blockchain, they can continue to exist as tradable objects even if their creator AxiomZen were to go bust.
The craze for the virtual cats — whose exorbitant valuations are reminiscent of pre-crash Beanie Babies in the 1990’s — mushroomed within days of the game’s launch on Nov. 28, TechCrunch reports. - https://techcrunch.com/2017/12/03/people-have-spent-over-1m-buying-virtual-cats-on-the-ethereum-blockchain/
According to a third party site that monitors their sales the most expensive virtual kitten so far was bought Sunday for $117,712; the mean price of a virtual kitten is currently a little less than $90. - https://kittysales.herokuapp.com/
CryptoKitties function much like the cryptocurrencies used to purchase them. They are not stored in a centralized database and because each one is a unique, immutable object traded over blockchain, they can continue to exist as tradable objects even if their creator AxiomZen were to go bust.
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