#Giveaway  on last slide

The Collapse Of World's First Blockchain Game 'Cryptokitties'

Scribbled Arrow

TRENDING GLOBALLY

CryptoKitties, a crypto-based game, was popularized for its NFT cats.

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

It first launched in 2017 and has been growing ever since. The value of CryptoKitties has plunged since then. 

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

IEEE Spectrum's Matthew Smith has a great write-up about how the game's breeding system and Ethereum gas fees contributed to its demise.

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

The average CryptoKitty price over the last three months was 0.04 Ethereum, or $40 to $50. 

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

This is often less than the gas needed to complete the transaction. 

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

It is impossible to own and raise inexpensive CryptoKitties without spending hundreds of money.

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

High gas fees were not just an issue for CryptoKitties. This was a problem for all blockchain users. 

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

Everybody who wanted to transact Ethereum for any reason had to pay more gas. The sheer volume of CryptoKitties caused another problem.

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

#GIVEAWAY BY INSANE

Do you know that we give away around $500 USd in cash prizes every week?

Let’s grow together!

You can read whole article on IEEE Spectrum by searching "THE SPECTACULAR COLLAPSE OF CRYPTOKITTIES, THE FIRST BIG BLOCKCHAIN GAME"

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow