Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
CryptoKitties is a game where you collect, breed, and even sell virtual cats for real money. Every single cat in the game is entirely unique and also impossible to replicate. One single person owns them so that no-one can take them away from him/her, and it is impossible to destroy the virtual kittens.
All the kittens in the game are tradable within the platform, and some of them are even selling for real money. The game is a so-called dApp, which is short for Decentralized Application and an essential part of the DeFi field. This means that no single entity or individual owns the application.
CryptoKitties is the first decentralized application that has been made for game applications or "spare-time" use-cases. A team out of Vancouver created CryptoKitties, and the company's name is Axiom Zen. The game is running on Ethereum's blockchain, which is a well-known cryptocurrency.
The game has exploded recently, and there are even reports of people...