What makes CryptoKitties a unique NFT?

Ever since the non-fungible tokens (NFTs) became a hit last year, their craze has been growing at a fast pace. It has been further endorsed by celebs, such as Gwyneth Paltrow, Eminem, etc., who are linked with Bored Ape Yacht Club (BAYC). Another one that is making rounds in the NFT space is the CryptoKitties. CryptoKitties are blockchain-based collectibles that were initially built on the Ethereum platform. 

The blockchain-based games are designed in such a manner, which allows the designing of more CryptoKitties using various pictures of the cats. The players can trade and breed Kitties to create unique traits. 

 Also read: Squid Games, Tesla Coin: Famous Crypto Coins that are Dead Now

How does CryptoKitties work?

Before using the ERC721 token standards, various blockchain networks were fungible. CryptoKitties, through the ERC721, explores the smart contract feature and works on the concept of digital scarcity. Thus, the ERC721 allows CryptoKitties to create unique NFTs. 

Each CryptoKitty is unique and has its own digital identity that are stored in a smart contract. The CryptoKitties optimises the genetic algorithm, which in turn, produces unique traits of each cat. It is this immutable identity that decides the visual appearance of each CryptoKitties.

As each cat is unique, it offers complete ownership to the users, and it cannot be replicated or destroyed. According to the CryptoKitties website, it boasts of a volume of US$69,524 with 2,011,501 CryptoKitties in circulation. 

Any two CryptoKitties can be bred using a unique algorithm with its visual appearances determined by an immutable genotype stored in the smart contracts. 

Also read: What are Coin Mixers? Are they illegal?

 Why is CryptoKitties trending today? 

The exact reason why the CryptoKitties NFT is trending today is still unknown. Led by a strong team of CEO Roham Gharegozlou, Raul Piirimees, head of product, Vivian Hu, in charge of the design team, the CryptoKitties has been making significant waves in the NFT space. 

Although initially built on the Ethereum blockchain, the CryptoKitties then was moved to the FLOW blockchain. One of the reasons for the switch was its high popularity and Ethereum’s limitations of processing transactions at any one time. CryptoKitties breeding was an instant hit, and it thereby prevented the platform from being able to verify the transactions quickly. 

Conclusion

Today, CryptoKitties has created its own unique space in the NFT space. Along with the Bored Ape Yacht, it can be dubbed as one of the sought-after NFTs. Post the FLOW switch, it has dealt with scaling issues and has inked deals with leading brands such as the NBA and Animoca Brands. How high will it go remains to be seen, but it certainly has caught the attention of blockchain-based gamers. 

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