In the wonderful world of cryptocurrencies, Bitcoin is not the only currency, a lot of you might have heard about Ethereum, whose financial boom is beginning to arouse the curiosity of crypto users and investors. The other competing and robust system called Ethereum is a decentralized data exchange protocol based on the same blockchain technology.
This Friday, approximately 14% of the total volume of Ethereum transactions came from an online game, according to the specialized site ETH Gas Station, as reported by Cryptos Monnaies FR.
Launched on November 28, CryptoKitties has since generated approximately $10 million in profits.
We already knew that the kittens had forever changed the face of the internet, now they are hitting blockchain technology and networks. Cryptokitties, a game built on the Ethereum blockchain that allows to buy and breed kittens against Ethers, seriously bottled the decentralized system: Cryptokitties currently represents 12% of the volume of all Ethereum transactions, causing delays and accumulation of unprocessed transactions!
A kitten named Genesis was even sold for more than $117,000, while others were worth several thousand dollars. According to Quartz, since the game’s launch on November 28th, more than $2.7 million has been traded on Cryptokitties. As of December 1st, according to Axiom Zen the studio that developed it, there would be 1 165 players.
80,000 cats exchanged
Cryptokitties are unique and come from five smart contracts Ethereum. Their particularity – as blockchain kittens – is to be decentralized. They are not stored on servers. These are digital objects that belong only to their owners, and these crypto collectibles are somehow immutable since even if the developers of the game disappeared, the kittens would still exist via their smart contracts.
This crypto-game is quite simple, it looks like Pokémon, but with cats: you have to raise them, breed them and exchange kittens with specific characteristics. Almost 80,000 cats were sold in ten days, the first one having left for 116,000 dollars (246 Ethers).
“We wanted to make blockchain technology accessible to the everyday user because we think it’s a key step in seeing the technology adopted,” said an Axiom Zen studio manager, creator of the game, at Bloomberg.