Google, Samsung and Venrock invest $15 Million in CryptoKitties
(Image Source: Fortune.com)
Well well well...
Cryptokitties, A digital crypto collectible game went Viral last year in December 2017.
The average price of a Crypto Kitty back then was about $25.
The game has then lost a lot of active users and the interest has fallen in the game.
A cat now costs roughly $2-$3.
Of course, the limited Edition Cats are pricey, like the Gen 0's and a Few special cats.
I remember the Genesis Cat being sold last year for $114,481.
This year also, there has been a freak sale like that where a Digital Cat was Sold for 600 Ether or $170,000 in September 2018.
As far as the Gen 0 Price Comparison goes, the price of a Gen 0 Cat was about 5-7 Ether in December 2017 and the price now is about 0.5 - 0.6 Ether.
Gen 0 Kitties are currently in the last month of their year long ICO that ends on 31st November 2018.
Post the ICO closure, the price of Gen 0 Cats may go up, as there will only be 50,000 Gen 0 Cats ever in the game and the only way a user can get a Gen 0 Cat after November, is to buy it from other users.
No New Gen O Cats will can be created by breeding either.
With the Investment of Google, Samsung and Venrock, Cryptokitties aims to revive the Game and reward its early adopters. They plan to introduce Blockchain to approximately 1 Billion People via the game.
_
The investment is actually made into Dapper Labs, the startup that spun out of parent firm Axiom Zen, that launched Cryptokitties.
Their marketing effort has been good lately as they have roped in HTC who has launched a Blockchain Phone called Exodus 1 that comes with Cryptokittes App and a hardware wallet to store all the Cryptocurrencies.
Well, I am tracking the game since last year and I had written off the game.
But now, it seems Cryptokitties is at an inflection point and hopefully they can bring in a Billion People to Blockchain via their game.
Link to Fortune's Article
http://fortune.com/2018/11/01/cryptokitties-samsung-google-venrock/
Wait really? Cryptokitties received more capital? Even Samsung is investing in them? What a meme!
Not a meme
Ha.. even I dint believe it first.
Check the link at bottom of forbes.com article on it.
Not sure what the company actually does as a business model though, the only have one app that was highly successful for a small period of time, cryptokitties, will they be successful again?
I think so, as mobile phones are now coming with the Dapp Preinstalled, namely HTC https://www.htcexodus.com with their Blockchain Phone "Exodus 1" and after Google and Samsung's investment, its likely Samsung / more Android phones come with CryptoKitties preinstalled.
So, since their reach will now increase massively, I do believe they might be successful.
But in the world of Blockchain / Tech anything can happen.
This is very interesting! People are really crazy about cats! I will have to look at this!
Posted using Partiko iOS
Yes.
This is a good game( not really a game though).
Anyone who love cats would like to buy a few :)
I love how everyone is slowly shifting to the digital space. Having cats as online pets is crazy but at the same time awesome :')
Ha.. yes
Games are a good way to introduce people to blockchain and thr digital world
oh this cats. i used to play with them i had some cats , :D
Hahaha yes.. these cats.
Hope in 3 months or more you make profit