Over the last few weeks CryptoKitties has become a minor sensation. As of December 20th, more than $1.7mm USD worth of ether has traded hands in pursuit of collectible, breedable, digital cats. A few days after release, about 11% of the ethereum network’s capacity was being used by CryptoKitties.
We’ve seen similar apps before. This past summer, Larva Labs released Cryptopunks, a project that gained minor fame within the ethereum community, and maintains a passionate community of people who trade them and even create real-world art based on them. Even more projects are following in this path soon, like CryptoPets and CryptoPuppies.
By Josh Stark