Around 200,000 People are engaging in a New Blockchain Game

Blockchain Game

A new game associating blockchain with cats, has made its way into the digital world

Blockchain technology is used to build a permanent and transparent ledger system for gathering data on exchanges, real-time tracking of digital transaction and payments, and to prevent frauds and errors. The demand for blockchain is thus increasing, as reported by blockchain market report published by Coherent Market Insights.

CryptoKitties is a blockchain game that allows players to purchase, sell, and breed their own unique CryptoKitties.

When one digital pet mates with another CryptoKitty it produces a kitten with a mix of their genes.

One can either breed their own CryptoKitties or pay another player in order to use their cat as a sire. The currency used in the game is ether, the currency of blockchain-based computing platform Ethereum.

The game launched on November 28, 2017, around 180,000 players have already signed up, and spent a total of $20 million in ether. CNBC reported the digital cats have fetched as much as $114,481.59. An anonymous entrepreneur reported that he acquired a hypothetical net gain of $42,321.15.

That net gain is hypothetical, as cofounder Mack Flavelle says “Nobody’s even pretending it’s going to be a transactional currency anymore. It’s a stored value. You can’t buy a coffee with ether but for a couple bucks now you can get a cat.”

The feline-induced surge in interest has actually caused problems for Ethereum’s website, Business Insider’s Frank Chaparro reported. However, for now, CryptoKitties will continue breeding.

“We’re just like, man, people want cats,” Flavelle told The New York Times. “We thought it would build slowly, take a few months, but it’s been so fast.”

You may be interested

Gastrointestinal Devices Market Analysis & Outlook 2018-2026 | Top Players are Boston Scientific Corporation, Johnson & Johnson Ltd., Covidien Ltd., Fujinon Ltd., Stryker Corporation
Business
Business

Gastrointestinal Devices Market Analysis & Outlook 2018-2026 | Top Players are Boston Scientific Corporation, Johnson & Johnson Ltd., Covidien Ltd., Fujinon Ltd., Stryker Corporation

Albert R - November 16, 2018

All bilaterians (animals having a bilateral symmetry) have a GI tract. Primarily, it is a tube that can transfer food to various organs of digestion. In case…

Opioids Market Growth Analysis By Top Players Purdue Pharma L.P., Janssen Pharmaceuticals, Inc., West – Ward Pharmaceuticals Corporation, Pfizer, Inc., Egalet Corporation, Allergan plc, Sanofi SA, Boehringer Ingelheim, and Sun Pharmaceutical Industries Ltd.
Business
Business

Opioids Market Growth Analysis By Top Players Purdue Pharma L.P., Janssen Pharmaceuticals, Inc., West – Ward Pharmaceuticals Corporation, Pfizer, Inc., Egalet Corporation, Allergan plc, Sanofi SA, Boehringer Ingelheim, and Sun Pharmaceutical Industries Ltd.

Albert R - November 16, 2018

According to the American Academy of Pain Medicine (2011), the number of people who suffered from chronic pain was around 1.8 billion. Moreover, according to the NIH…

Bone Cancer Treatment Market Industry Growth Analysis Top Players Amgen Inc., Actavis plc, Novartis International AG, Debiopharm Group, Pfizer, Inc., and Eli Lilly and Company.
Business
Business

Bone Cancer Treatment Market Industry Growth Analysis Top Players Amgen Inc., Actavis plc, Novartis International AG, Debiopharm Group, Pfizer, Inc., and Eli Lilly and Company.

Albert R - November 16, 2018

The bone cancer treatment market is analyzed on the basis of type of bone cancer into primary bone cancer and secondary bone cancer. Primary bone cancer originates…

Most from this category