Does CryptoKitties Crypto Collectibles Have a Chance? How Blockchain-Verifiable Ownership Works
Cryptokitties describes itself as a “game centered around breedable, collectible, and oh-so-adorable creatures. . . . Each cat is one-of-a-kind and 100% owned by you; it cannot be replicated, taken away, or destroyed.” The digital concept launched in 2017 and since there are those that view the platform as one whose moment of fame has fizzled.
On the other side, there are those who are holding on to hope. For example, Caty Tedman, a CryptoKitties OG, is optimistic, stating
“We don’t think the hype has fizzled. We have a very engaged user base. Offchain activity [like tending to kitties] is significantly higher than the transaction data. We’ve seen user growth, collectors, breeders, etc. . . especially the younger demographic.”
Not only has Tedman expressed a promising view, but so does Dapper Labs, which takes the position that the platform is on its way to something bigger – like more blockchain cats. Tedmen added,
“Cryptokitties was the sandbox test. This exchange of value that’s happening – that’s really interesting.”
The big question that arises here concerning the platform’s future is whether there is actually an audience. Tedman seems to think so. After all, who doesn’t want to trade digital cats? Tedman stated,
“Blockchain does a bunch of wonderful things for fans. It allows them to engage, and showcase self-expression; you can make it yours. It mirrors physical memorabilia. Right now, Ethereum is best suited for what we want to do, and for crypto collectibles in general. But we’re constantly talking to new technology providers to work out if it makes sense to stay with Ethereum for stability and scalability.”
Well, as long as there are people out there interested in trading digital cats, then Cryptokitties may have a place as well.