- In March, investors including Andreessen Horowitz and Union Square Ventures gave a total of $ 12 million to CryptoKitties, a blockchain game for digital collectibles.
- According to data from blockchain analytics sites, the number of CryptoKitties transactions are a fraction of what they were in December.
- CryptoKitties CEO Bryce Bladon says the livelihood of CryptoKitties can’t simply be measured by the number of transactions that happen in a month, and that people’s behaviors have changed as the price of processing a transaction has increased.
When investors gave $ 12 million to a startup called CryptoKitties in March, many raised their eyebrows at the news.
CryptoKitties, which describes its product as one of the world’s first blockchain games, uses blockchain technology to collect and “breed” digital cats. Users can buy colorful, googly-eyed cats, some of which cost thousands of real-world dollars, to trade and “breed” more digital cat offspring.See the rest of the story at Business Insider
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See Also:
- There is now a blockchain-based religion. No, this is not a joke.
- A $ 4 billion dollar cryptocurrency startup gave a hacker $ 120,000 to fix its ‘buggy, flawed’ technology days after launch
- A 27-year-old entrepreneur reveals how he snagged $ 500,000 from Mark Cuban over a 5-minute email exchange
