Bitpet: Lovable Digital Rabbits Blockchain Game Collectables?

Have you heard of Bitpets? They are cute little digital pets that you can collect, grow and breed and then sell them for cryptocurrency after if you grow tired of them. These digital assets can be owned by you and will never stop being yours.

Bitpet uses Hyperledger technology and accepts both Bitcoin and Ethereum as a way of payment.

What Is Bitpet?

Bitpets are, basically, digital anthropomorphic rabbits. As you soon as you buy them, your possession is registered on the blockchain, this way, the record of the transaction can never be lost or duplicated.

It is important to notice that every Bitpet is unique and there can never be two that are exactly the name. This means that you will be buying a completely unique product whenever you decide to

One of the main features of these little digital pets is that you can use them to race. Races are made every day and the five winners are stored on the blockchain forever. This way, you can compete with your friends to see who holds the faster Bitpets.

The value of the little rabbits increase as they win races. This way, you can basically “train” them to become stronger so you can sell them for more money. The company is also creating new games for you to use your digital pets in.

A Bitpet can be breed to create a new one. This new pet will be an egg before it hatches, so you have to take care of it until a new monster appears. The new monster will have the characteristics of both its parents, so you will be able to make different combinations.

How to Buy Bitpet?

To play the game, you have to register first. After you have successfully created your account on the Bitpet’s site, you will need to use your crypto to buy the Bitpets. Each one of them has a different price, so you have to make your research to decide which one you want to acquire.

You can buy the digital pets directly from the company or you can buy from the other users of the network. During certain events, you can also participate in auctions in which the person who gives the higher price buys the Bitpet.

The market currently has more than 5,000 Bitpets for sale at reasonable prices but the company states that, in the near future, there is a significant chance that these digital pets will increase in value as they started to be sold in March and the number of people wanting to buy them will probably increase in the future.

The Bitpet Conclusion

If you like collectibles and you have money to spend, Bitpet might be for you. While not an investment that will certainly give you a lot of money unless you play all the time, this can certainly be a fun little game that can entertain you or your kids.

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