The blockchain is an invention with enormous potential and endless possibility. It is only now in 2018 that we are really able to see what is possible with blockchain technology. Blockchain started as the brainchild of the still unknown Satoshi Nakamoto but since it originally came to light there has been so many applications of the technology.
One of the newest applications of blockchain technology is its use for gaming when in late 2017 we saw its first real use in Crypto Kitties. Crypto Kitties is an online platform where users are able to bread, love and grow these adorable virtual kitties. Each kitty has a value attached to them based of off the various attributes which make up their unique dna. The most expensive kitties available are selling for a whooping 100000 Etherium or 56,289,000 USD which is insane.
In order to get started on Crypto Kitties you need the following.
● A computer or laptop running the desktop version of Chrome or Firefox
● MetaMask, a digital wallet used specifically with web apps
● Ether, a form of digital payment that powers Crypto Kitties
It's important to remember Crypto Kitties are not in themselves currency instead they are more like a crypto commodity, much like a house having a monetary value attached to it. Many people have made millions of off the blockchain so far and now is the time to invest in your very own Kitty. As of March the 20th Crypto Kitties published a statement informing the world of a huge investment of $12 million which will help them develop and grow the platform even more.
Crypto Kitties are the Beanie Babies of the modern era with everyone scrambling to have the cutest and most adorable Kitty. Once you have two kitties you can begin the breading process. This is where the blockchain really gets to work. So in order to bread your two kitties you must pay two small fees, the first being a standard transaction fee which goes directly into the blockchain to power the second fee which goes directly to the miner processing your new kitties birth. Once this happens the new kitties generation will begin, this takes a mixture of virtual dna from both its parents to create a new unique kitty.
The possibilities to come with crypto Kitties is undoubtedly huge with this new investment to the platform will allow for new features and functionality to make these adorable kitties even better.