CryptoKitties Live Price Chart 2023

What is CryptoKitties?

A blockchain-based game called CryptoKitties lets players purchase, breed, and market virtual cats. On the Ethereum blockchain, each cat is represented by a non-fungible token (NFT), which is unique. The cryptocurrency used to fund transactions on the Ethereum network, Ether, allows users to buy kittens. When the game originally debuted in November 2017, it gained popularity swiftly, with some animals fetching prices in the tens of thousands. CryptoKitties’ main goal is to demonstrate how non-fungible tokens (NFTs) can be applied to special digital assets.

Types of Cryptokitties

In the game CryptoKitties, every cat has its own non-fungible token (NFT) that is stored on the Ethereum blockchain. They can be purchased, sold, and bred, and the latter activity results in the creation of new cats with unique traits.

CryptoKitties come in a variety of forms, each of which has certain qualities and traits of its own:

Gen 0 or Founder Cats: These are the original cats made on the CryptoKitties platform, often known as Generation 0 or Founder Cats. They were pre-minted with a certain set of qualities and are also known as “Origins.” Being the first cats to appear on the platform and in short number, they are regarded as rare and precious.

Fancy Cats: These cats are distinguished by a particular set of features, such as uncommon fur patterns, eye colours, and other traits. They are frequently sold for greater money since they are valued more than other cats.

Exclusive Cats: These felines stand apart from other cats because they were developed using a particular breeding technique or in collaboration with a particular occasion or group of people.

Special Edition Cats: These felines stand out because they were made especially for a particular occasion, like a holiday or milestone birthday.

Celebrity Cats: These felines stand out because they were developed in collaboration with a well-known individual.

It’s important to keep in mind that CryptoKitties is a game and that the value of the cats depends on how valuable the community thinks each cat is. As a result, pricing may change depending on how much the community enjoys the game.

The game’s creators also release new cat breeds with new traits on a regular basis, including different hair patterns, eye colours, and other traits.

Who owns CryptoKitties?

The blockchain-based game CryptoKitties was developed by the Canadian business Axiom Zen. Since its initial release in November 2017, the game has grown to rank among the most well-liked decentralised applications (dApps) on the Ethereum network.

Since the game’s foundation is the Ethereum blockchain, both the virtual kitties and the game itself are decentralised and not held by a single party. Instead, they reside on the blockchain as non-fungible tokens (NFTs), and the owner of an NFT is identified by the possession of the NFT’s private key.

Axiom Zen created the game, but despite this, they do not own any of the unique cats; nevertheless, they do hold the intellectual property rights to the name and underlying technology of CryptoKitties.

The ability to breed, sell, or display a CryptoKitty as part of a player’s virtual collection is essentially included when a player buys a CryptoKitty. The Ethereum blockchain serves as a transparent and unchangeable record of the virtual cat’s ownership, preserving all of its unique characteristics.

CryptoKitties Catalogue

An inventory of all the CryptoKitties that are present on the Ethereum blockchain is known as a CryptoKitties Catalogue. The history of each cat’s breeding is also included, along with details on its special traits and qualities.

Users can explore the database to look for specific cats with particular characteristics, such as particular fur patterns or eye colours. Additionally, the cats that are up for sale as well as their asking prices are visible. A search feature, price history and statistics, as well as other analytics, are extra resources and tools that certain third-party websites provide.

As new cats are created and transactions are made on the Ethereum blockchain, the CryptoKitties development team updates the catalogue in real-time.

10 positive effects of CryptoKitties

(1) Introduction of non-fungible tokens (NFTs) and the concept of ownership of unique digital assets: Non-fungible tokens (NFTs) are introduced, as is the idea of unique digital asset ownership. One of the first widely used programmes to make use of NFTs and promote the idea of digital ownership was CryptoKitties.

(2) Popularization of cryptocurrency and blockchain technology: The success of CryptoKitties helped make Ethereum, the cryptocurrency used to buy and trade virtual cats, as well as blockchain technology more well known.

(3) The evolution of digital collectibles: CryptoKitties changed the field and inspired other companies to create virtual items and games based on blockchain technology that are comparable to them.

(4) A resource for learning about the blockchain: The game is a great resource for learning the fundamentals of blockchain technology and how transactions are stored on the blockchain.

(5) Promotion of the creative economy: The game CryptoKitties has stimulated new forms of creativity and invention, resulting in the creation of new cat breeds as well as new products and services to support them.

(6) Growing use of smart contracts: The Ethereum blockchain-based smart contracts used in the game have aided in the development of this technology’s knowledge and application.

(7) Creation of new technologies: Due to the popularity of CryptoKitties, scaling and side-chaining technologies have been created to deal with the large volume of transactions the game generates.

(8) Decentralization of the gaming industry: Because CryptoKitties is a decentralised game, neither the game itself nor the virtual cats are under the control of a single company. Players now have more autonomy and control over their resources thanks to this.

(9) Growing public awareness in decentralized finance (DeFi): Growing public awareness of the benefits of decentralised finance (DeFi) thanks to CryptoKitties. This awareness has been driven by new ideas for DeFi applications.

(10) Creation of a new digital asset market: CryptoKitties has established a new digital asset market where some cats may fetch thousands of dollars.

10 negative effects of CryptoKitties

(1) High transaction fees: Because the game generates a large number of transactions, the Ethereum network fees might rise significantly, making it expensive for participants to buy and sell CryptoKitties.

(2) Limited scalability: The success of the game has brought attention to the Ethereum network’s scalability issues, since the network has had trouble keeping up with the large volume of transactions.

(3) Environmental issues: Concerns have been expressed concerning the environmental impact of blockchain technology due to the energy consumption needed to run the Ethereum network and process CryptoKitties transactions.

(4) Market manipulation risk: Because CryptoKitties’ secondary market is mainly unregulated and decentralised, it is susceptible to both market manipulation and price manipulation.

(5) Limited accessibility: Some users may find it challenging to access and participate in the game because it demands a fundamental understanding of cryptocurrencies and blockchain technologies.

(6) Limited replayability: The game’s main focus is on purchasing, breeding, and selling CryptoKitties, although this aspect can get boring and has little potential for replay.

(7) Fraud risk: Because the game is decentralised and unregulated, it may be challenging to prevent and address fraud, including the sale of fake CryptoKitties.

(8) Lack of regulation: Since the gaming industry is generally unregulated, it may be challenging for players to safeguard their money or settle complaints.

(9) Risk of hacking: Due to the game’s decentralised design and reliance on smart contracts, it is possible for hacking and other types of criminality to affect it.

(10) Resource misallocation: The time and money spent on CryptoKitties could be better spent on other, more pressing concerns in the blockchain and cryptocurrency industries.

CryptoKitties News

A well-known blockchain-based game called CryptoKitties has drawn a lot of media and cryptocurrency community attention. As a result, there are many of news stories and updates that discuss different game-related topics, such as new features, partnerships, sales statistics, and market trends.

Recent news about CryptoKitties includes, for instance:

The introduction of additional functions like “KittyVerse,” which enables users to travel around a virtual environment with their CryptoKitties.

Announcements of partnerships with other blockchain projects and companies, such as with Flow, a blockchain platform for creating and expanding decentralised applications.

A CryptoKitty was purchased for 600 ETH, or more than $1 million USD at the time of acquisition, according to records of pricey sales.

Analyses of the CryptoKitties market and non-fungible tokens (NFTs) markets in general, with a focus on price trends and investment potential.

It’s crucial to keep in mind that CryptoKitties is a game, and the cost may alter according on how much the community enjoys it. The community’s assessment of the rarity and distinctiveness of the cat determines the value of the CryptoKitties.

CryptoKitties Gen 0

The first cats produced on the CryptoKitties platform are known as “Gen 0” or “generation 0” cats. Origins or Founder Cats are other names for them. There are 50,000 of these cats total, all of which were made by the game’s creators. It is impossible to duplicate the DNA found in each Gen 0 cat. They were pre-minted and offered in an auction to early backers and aficionados. Each coin had a specific set of characteristics.

The fact that Gen 0 cats were the first cats on the platform and that there is a finite number of them makes them unusual and valuable. Additionally, only these cats can be used to breed “gen 1” cats, the first generation of domestic cats that can be crossed. This makes them unique.

CryptoKitties to PHP

“CryptoKitties to PHP” refers to the procedure of changing the value of CryptoKitties, which is expressed in Philippine pesos but is valued in Ether (ETH), a cryptocurrency utilised on the Ethereum network (PHP).

You can perform this conversion using a cryptocurrency exchange that accepts both PHP and Ether. Users can add Ethereum to their exchange account and then order a PHP conversion. The conversion’s exchange rate will be determined by the price of ether on the open market in Philippine pesos.

Additionally, it’s crucial to remember that the value of CryptoKitties varies depending on the market price of ETH as well as the supply and demand for a given cat. Additionally, the cost of CryptoKitties can change based on each cat’s individual traits and qualities, including generation, rarity, and genetic make-up.

It’s important to remember that the rarity and originality of the cats in CryptoKitties are determined by the community, thus prices may change depending on the level of interest in the game among players.

CryptoKitties Price Calculator

A programme called a CryptoKitties Price Calculator enables users to calculate a CryptoKitty’s cost based on its special qualities and properties. It calculates the cat’s value using a variety of variables, including its generation, rarity, and genetic make-up. Other elements like market trends at the moment and previous costs of cats with similar characteristics can also be considered by the pricing calculator.

These calculators, which are available on independent websites, employ various algorithms to assess the cat’s value. It’s vital to keep in mind that these values are approximate and that supply and demand, among other things, may affect the real price of a CryptoKitty in a sale. Furthermore, the CryptoKitties team does not officially endorse these calculators.

It’s also important to keep in mind that CryptoKitties is a game and that the value of the cats depends on how valuable the community thinks each cat is. As a result, pricing may change depending on how much the community enjoys the game.

CryptoKitties Live Price Chart with examples

A graphic depiction of the history pricing of CryptoKitties over time is a CryptoKitties Price Chart. It can display the median price, highest price, and lowest price for a particular CryptoKitty or a collection of CryptoKitties that share a few common traits.

These graphs are available on independent websites and are updated in real-time as new purchases and transactions are made on the Ethereum blockchain. They can also be filtered according to different characteristics including generation, rarity, and genetic make-up.

A CryptoKitties Price Chart for that cat, for example, might show a price increase for that cat that is gradual over several months, a peak, and then a levelling off or fall. An additional example may be a chart for a specific generation of CryptoKitties, which might show a general rising trend in price over time as the generation grows more and more in demand.

It’s critical to keep in mind that CryptoKitties is a game, and that the prices may alter based on how enthusiastic the community is about it. The community’s perception of the cat’s rarity and uniqueness affects how valuable CryptoKitties are.

For getting the data of CryptoKitties Live Price Chart you can check out this website.

Conclusion of CryptoKitties

The last but not least is the Ethereum blockchain-based game CryptoKitties, which lets users buy, breed, and trade virtual cats that are represented by NFTs. The game originally went live in November 2017, and after that it quickly rose to prominence on the Ethereum network, becoming one of the most popular decentralised applications.

Along with making blockchain technology more widely known, the game also advanced the idea of NFTs and digital ownership. These changes have had a huge impact on the blockchain and cryptocurrency ecosystem. Additionally, it has sparked new kinds of creativity and innovation. Additionally, it emphasised the scalability issues the Ethereum network has as well as the negative effects of blockchain technology on the environment.

The disadvantages of CryptoKitties include high transaction fees, limited scalability, environmental concerns, market manipulation, limited accessibility, a lack of replayability, the possibility of fraud, a lack of regulation, hacking risk, and the usage of resources that may be employed elsewhere.

In general, CryptoKitties has made a significant contribution to the blockchain and cryptocurrency space, helped to increase awareness of the possibilities of blockchain technology, and opened up new channels for the creation of virtual collectibles. The game’s benefits and drawbacks must be weighed carefully, and its impact on the wider ecology must be taken into consideration.

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