It comes as no surprise that the Cryptokitties NFT was such a huge hit from the first mint. Have you seen the internet? I could swear there is as much cat content out there as there is everything else.
Where did the Cryptokitties NFT come from?
Axiom Zen from Dapper Labs created Cryptokitties in 2017 and released it to the public on the Ethereum blockchain in November. To no surprise, it was an immediate success and gathered over 60,000 users and over $5 million in the first week! At one point, it was responsible for 25% of the traffic on Ethereum.
It then moved to the Flow blockchain in 2020 due to the network’s congestion.
Cryptokitties are digital collectibles used to play the Blockchain game of the same name and they are stored in NFT Wallets. Each kitty has its own “cattributes” that determine its appearance and rarity. You can buy, sell, and breed these kitties to produce new offspring with new cattributes, sometimes different from the parent kitties.
There are 4 types of Cryptokitties: Normal, Fancy, Special Edition, and Exclusive. Every Cryptokitty has 12 cattributes like its pattern, eye shape, and environment. You can breed any two kitties with one acting as the matron and one as the sire. They can be two of your own or you can use a public sire for help. As for the offspring, can keep It, offer it as a public sire, or sell it as a Cryptokitty NFT.
Cryptokitties has partnered with multiple other blockchain games like Gods Unchained and MegaCryptoPolis to name a couple. But Dapper Labs have been making big moves and partnered with the NBA, NFL, and UFC to launch NFT marketplaces for each sport.
They’ve hit major gold with NBA Top Shot, with more than 20 million transactions and over $1 billion in sales.
Cryptokitties NFT Stats
According to OpenSea, Cryptokitties floor price at the time of writing is 0.0031 ETH or $3.94. The total volume is 71,081 ETH and a total number of 2,019,131 items.
According to NFT Stats: In the last 7 days
- 224 NFTs sold
- $2970 in trading volume
- $13 average price
- 2,019,131 total supply
- 118,253 owners
- 43,500 members on Discord
Recent Cryptokitties NFTs sold:
Founder Cat #95 sold for $33k 2 months ago
Harriet Sold for $61 3 weeks ago
Demon Hackdrop sold for $340 5 weeks ago
As for the most expensive cryptokitty ever sold, our dear girl Dragon takes the prize at a whopping 600 ETH, or $170,000, in 2018.
“Her name is Dragon. She has chestnut-colored eyes, and her base color is “cotton candy”. According to her bio she “bit Rebecca Black once” and finds spying on neighbors “exhilarating”. “
Is it a good idea to invest in Cryptokitties?
Cryptokitties became very popular instantly after the game’s release and peaked in December 2017. After that, interest in them tumbled dramatically. In September of 2021, Cryptokitties had a brief resurrection motivated by the popular NFT collector Pranksy taking an interest in them. Resulting in sales of more than $7 million. Read all about it on Decrypt.
Cryptokitties aren’t what you call a “good investment”. But to be fair, they were never intended to be one. The game’s website states that “this is a game centered around collecting digital cats, not an investment portfolio or a get-rich-quick opportunity.” Which explains the lack of a roadmap.
The main reason to buy Cryptokitties is for the game. But also, have you seen how cute they are with all the colors and the big sparkly eyes?!
In conclusion, Cryptokitties’ success has to do with being in the right place at the right time. In addition to it being fun, cute, and arriving early in the blockchain gaming era. If you find yourself interested in the whole blockchain game NFT situation, check out Axie Infinity for a similar experience.
Now, if you found it weird how colorful cats gained so much fame and money online. Then you’ll be amazed by these 5 Weirdest NFTs ever sold.