Cryptocurrency

People are spending crazy money for breeding virtual cats on Ethereum Blockchain

Over $2.3 million has been spent up til now.

Welcome to the internet of 2017 where people are willing to spend a huge sum of money for something that actually has no value. Cryptokitties is one of the viral game of 2017 on Ethereum based network which allows people to own, trade and breed cute unique virtual cats. The Cryptokitties game was launched on 28th of November and in a matter of a few days, people have spent over $2 million in buying this virtual animal.

Read Also: How to buy Ethereum using credit card

This game is a hit and the stats have been mind-blowing. Over 23,000 kitties have been sold with an average sale price of 98.71 dollars.

Cryptokitties allow people to own a unique DNA pet that lives on the Ethereum blockchain platform forever. The interesting thing here to notice is that you, yes you, are the only owner of that cat and nobody can mess up your pet.

You can own cats, trade them and breed a new one as well. Cryptokitties is a unique game and one of the few ones deeply ingrained in the blockchain network. If someone wants to understand blockchain and how things work in Ethereum network, this can be a good start for the person.

Right now the kitties are being sold from $12 to over $100,000 and the trading has been going on very well. Up till now, almost 1000 kitties have been traded and like with every internet sensation, it is expected that the price of kitties will rise and then the trend might ultimately die down.

Sponsored
TechJuice

Pakistan's premier website covering everything about Technology, Startups and Entrepreneurship! Email: editors@techjuice.pk

Share
Published by
TechJuice

Recent Posts

What’s New in iOS 18.2.1? Here’s What You Should Know

iOS 18.2 introduces thrilling new features like Visual Intelligence, Image Playground, and upgraded writing tools.…

50 mins ago

Federal Govt Official Urges ‘Less’ Internet Use, Only for Important Matters

On Sunday, Syed Sajid Mehdi, Pakistan's Parliamentary Secretary for the Cabinet Division, proposed a solution…

1 hour ago

Federal Government Announces December 25 as Public Holiday

ISLAMABAD: The federal government has declared December 25, 2024, as a public holiday to mark…

1 hour ago

Samsung Terminates Employees Over Galaxy S25 Ultra Images Leak

An early setback occurred for Samsung's much anticipated Galaxy S25 series when unauthorized photographs of…

1 hour ago

NADRA Warns Against Excessive Photocopying of Sensitive Documents

ISLAMABAD: According to a public advisory from the National Database and Registration Authority (NADRA), Pakistani…

2 hours ago

Phase 2 of Honhar Scholarship Program Officially Launched

The Honhar Scholarship Program Phase II, inaugurated by Chief Minister Maryam Nawaz Sharif of Punjab,…

2 hours ago