Momo Wang Drops New CryptoKitty on Winklevoss-backed Nifty Gateway; Sells Out in 3 Minutes
- The launch of a new Cryptokitty token has flooded the Winklevoss-backed NFT exchange Nifty Gateway, the high-brow digital art marketplace.
CryptoKitties just launched 100 tokens representing ‘Catterina’, a new collectible drawn by the project’s brand ambassador and Chinese artist Momo Wang. Wang is popularly known for illustrating a sticker of a white rabbit ‘Tuzki’ shared by tens of millions of users on WeChat and Facebook everyday. Her new illustration dubbed Catterina has gone live on Nifty gateway marketplace with one hundred images up for sale at $100 a piece.
Sold out in three minutes
Two and a half years ago, CryptoKitties briefly crushed the Ethereum network under the weight of its popularity. This time around and within an hour of Momo Wang announcing the limited run, Nifty gateway posted on its official twitter account that they’d had over 100 user sign ups already and urged people not to miss out. Within three minutes of launching, all of the 100 tokens depicting Momo Wang’s Catterina had already been sold out.
Wowzers. That drop was intense.https://t.co/726OBU37ij
— Tyler Winklevoss (@tylerwinklevoss) May 14, 2020
It turned out that the craze following the previous announcement had resulted in a massive number of users accessing the platform all at once. This in turn led to the service growing slower and slower. The Nifty exchange announced their systems had experienced an unanticipated volume which resulted in payment issues arising. They added that all who had paid without receiving a kitty would be immediately refunded. Moments after the sale, Nifty posted that one of Catterina’s non-fungible tokens (NFT’s) had sold for a whopping $450 on a secondary market.
NFT’s bullish rise to the top
As if knocking out the Ethereum exchange was not astonishing enough, NFT‘s ecosystem has continued to evolve significantly. The recent announcement of Dapper Labs partnering with the NBA and the Ultimate Fighting Championship (UFC) in a bid to launch tokenized representations of MMA fighters just proves of how NFT is making progress associating with prominent public figures. Nifty first produced tokenized collectibles depicting MMA competitor Cris Cyborg and after a few hours they had sold out.
NFT also sets to revolutionize the blockchain gaming industry by ensuring that games are embedded with tokenized items that can be privately owned, purchased and traded.