Just a few months after the CryptoKitty craze, China has jumped in on the fun; CryptoDogs has launched in China. Although it may just seem like another copycat (pun intended) concept, there are a few key differences – it isn’t based on Ethereum. Instead, it is based on another blockchain platform named Achain.
THE RISE AND FALL OF CRYPTOKITTIES
CryptoKitties was launched back in December 2017, with the game immediately gaining huge popularity due to its implementation of blockchain technology in an easy-to-understand fashion. Think of the old Tamagotchis, but combined with Ethereum and the blockchain. Players could collect virtual cats by buying them and breeding them with each other. Each cat had its own unique “DNA” which determined a number of traits. From fur color to breeding time, each trait is determined by a “gene”, clearly encoded into the Ethereum blockchain.
The popularity attracted by this game was completely unprecedented; the transactions made by CryptoKitties caused a massive backlog on the Ethereum Network. Many people criticized the use of the Ethereum platform for a game like CryptoKitties since many found it ridiculous that people were paying up to $110,000 USD and congesting the network for virtual cats.
The game slowly lost its popularity and hype towards the end of 2017 – many players weren’t actually interested in playing the game. But instead, they were hoping to breed and resell cats at a nice profit. As a result of the rapidly growing transaction fees and the increased price of breeding cats, most players quit the game, causing the virtual cats to be priced at more reasonable figures. As of right now, the cheapest cat on the marketplace goes for 0.0021 Ether, just a little under $2 USD.
CRYPTOKITTES 2.0: CRYPTODOGS
CryptoKitties never really took off in Asian markets such as China and Korea – the site is only available in English.
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