The breeding aspect of the game is an on-chain algorithm nestled within a closed-source smart contract that determines the “cattributes” (genetic code of the new cat.) Some cats with certain cattributes are valued more than others, so ensuring the randomness of breeding required an adept level of foresight. The Axiom Zen team, courtesy of the Axiom Zen Medium blog.Īs an NFT, each CryptoKitty exists on the blockchain as a unique asset using Ethereum’s ERC-721 non-fungible token standard. The first generation of cats “Generation 0” was auctioned to a small audience in a Dutch auction format, and any new cats could be sold on a secondary market. The primitive game was built on-chain on Ethereum (a decision that proved to be chaotic for both parties).ĬryptoKitties raised a total of $23 million from top-shelf investors like a16z and Union Square Ventures. The Origin of CryptoKittiesĬryptoKitties was launched in late 2017 at an Ethereum-oriented hackathon, ETH Waterloo by Axiom Zen, the creator of CryptoKitties’ creator, the consumer-focused Flow-blockchain Dapper Labs. The following guide will explore CryptoKitties as an NFT pioneer, how the game functioned, and critical lessons learned by CryptoKitties that have benefited the entire world of NFT creators. You can see additional volatility levels and WVG0 price to BTC data for 24-hour, 7-day, and 90-day periods in the table above.The technology underpinning CryptoKitties, the blockchain, essentially acts as a replacement for a centralized “authenticity verification and escrow” department that accompanies most collectible auctions and marketplaces, such as eBay. The relative change between the highs and lows in Wrapped Virgin Gen-0 CryptoKitties price BTC in the last 30 days indicates a volatility of 19.95%. The lowest exchange rate in the last 30 days was 0.00273996 BTC on UTC which means the lowest value for 25 WVG0 was 0.06849904 BTC. The highest Wrapped Virgin Gen-0 CryptoKitties was trading against Bitcoin in the last 30 days was 0.00504961 BTC on UTC which means the highest value for 25 WVG0 was 0.12624019 BTC. 25 WVG0 to BTC Converter Stats - Volatility and changes in Wrapped Virgin Gen-0 CryptoKitties price (BTC denominated)
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