All have witnesseded the rise in the price of Ethereum. Cryptokitties is one of the major factor contributing to the rise in the price of Ether, and I think we are all happy to see that coming. Today, I will be explaining what crypto kitties are, and how you can get one or two to start breeding for yourself. A lot of early investors has been generating a huge amount of profits on this.
Cryptokitties is a tangible digital asset and also a new generation of a digital game built on Ethereum blockchain. Crypto Kitties game and trading assets on Ethereum blockchain was launched by AxiomZen studios. As we are all familiar with a natural cat. Lots of people are pet lovers, numbers of people love to keep and breed cat at home because they are a loving and funny animal. As we are gradually growing in the world of Artificial Intelligence (AI). This is a new innovation or should I called it invention, first of its kind ever, that offers anyone who is willing to buy digital cats from breeding on Ethereum network and later sell them for any price you wish. I know this sound insane, but it is not. People have started spending millions of dollars to acquire digital cats. Some days ago, genesis cat which was sold at the huge price of $115,000. That is amazing! I know you will say people are crazy, but I will say no. I take this as another means of investment similar to domain name investment.
This game is the latest development and another success on blockchain that has become popular in a very short time it was created. So far so good about $1.3 million worth of transactions have been recorded for the purchase of crypto Kitties.
It is very important to understand how this game works, and how you can profit from selling crypto Kitties.
How to play CryptoKitties
Virtual kittens come with numerous distinct features attached to different kittens, these features are known as a trait, just like every other living thing. This decentralised game is based on breeding kittens, the adorable virtual creature (Beanie Babies) on ethereum blockchain. They are virtual toy built on awesome blockchain technology which comes as breakthrough products in cryptography (technical).
The blockchain is a technology that can generate and regenerates codes. CryptoKitties was built on ethereum network because different kind of applications can be built on it. Just as you can build any kind of mansion you like on the land. Every virtual cat you buy for breeding uniquely belong to you, just as every one of your natural pets belongs to you until you sell them out and transfer the ownership to another wonderful person. You own every Beanie Babies you bought as your asset, unlike other traditional games that have control over your characters over the game, especially, if they do not like your character you can be banned. Crypto Kitties is different, and I will say everything on blockchain in different, no government control. It is all decentralised. I love this!
CrytoKitties, the Beanie Babies are also digital collectibles, which are designed to be collected. If you have been performing ethereum transaction recently, you will bear me witness of how slow the network is this day. This is happening as a result of the heavy purchase of crypto kitties recently. All this tangible assets or collectibles are extremely rear, that is why it is extremely valuable to many crypto lovers and investors presently. But do not worry you can still get that for $12 and above. In the future it will be extremely expensive to purchase, that is why you have to act now before the price will get out of hand. With this new innovation, it has proved to us that it is more than just selling Beanie Babies, but telling us that we can now create, trade without restriction (freedom) and also tokenize any kind of digital assets on the blockchain.
Blockchain technology is the greatest thing that has ever happen on the internet, changing the lives of many across the globe every day. I am a strong believer that more development is to come to blockchain in the future that we change our perspective about everyday live.
Starting with CryptoKitties
You need some few things to put in place to enter this game. Just follow this basic instruction, and you will be fine:
- Get a working computer system, desktop or laptop is fine for the game.
- You have to install Google chrome or Mozilla Firefox on your personal computer. After you have done this,
- On google chrome store, find and install Metatask plugin on your browser, you can also find it on firefox store too. Metatask is a form of digital wallet used with web applications.
- You will need to buy Ethereum on any exchange, but I think coinbase is better. Ethereum powers CryptoKitties that is the reason why you have to acquire your own Kittens using Ether.
- Keep your Metatask wallet passoword secure, it is a form of bank account, once you forget your password you can lose your money. To purchase your first kitten, you will need to fund the Metatask wallet with Ether. Follow every instruction on setting up your Metatask wallet without making any mistakes. You can exchange another crypto you have to Ether on any exchange site like Poloniex, Bittrex, Blocktrades.us, but I will advise you to use any of these: Bittrex.com, Blocktrades.us, and Coinbase.com, they are my favorites. Convert Fiat to ETH on Coinbase or on Changelly.com using your creditcard. You must know that you cannot use fiat to purchase Beanie Baby presently, except ETH.
- Copy your Metatask address to exchange wallet to receive your Ether to your Metatask wallet. Send a minimum of 0.03ETH to your wallet.
How to purchase CryptoKitties(Beanie Babies)
On CryptoKitties.co, visit “Marketplace” and search for any CryptoKitties available for sale on the market. Choose any you can afford to buy. It is profitable if you purchase two to breed together because they will start giving birth to new ones. Breeding to Kittens to reproduce, you have to find both male and female. Look for male kittens and female kitten and purchase them, then you are good to go.
Act now, as there are limited CryptoKitties in the market presently, more will be released later in the coming months.
Follow @polaleye50 for the next episode on cryptoKitties to know more about the new generation of virtual cats.
Thanks for reading my articles.
@polaleye50
Thanks @polaleye50 for this wonderful tip. I will try to look into it. U can follow me and upvote my post @iloegbunamagnes
Wow, the world is changing everyday. Thanks for sharing this
@nmalove you are welcome dear
OMG! Thank you for this detailed explanation on cryptokitties. I've been hearing about it, but forgot to research. I appreciate your effort of sharing this vital information with us. Keep steeming.
@jeline you are welcome. Episode two will come up lately today
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by polaleye50 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP. Be sure to leave at least 50SP undelegated on your account.