CryptoKitties are collectible and breedable digital cats. It’s the world’s first game built on the Ethereum network. When two CryptoKitties breed, their offspring’s appearance and cattributes are determined by each parent’s 256-bit genome and an element of chance, leading to 4-billion possible genetic variations.
CryptoKitties was created to explore the concept of digital scarcity, implement a non-fungible token within smart contracts ERC #721, and make blockchain technology accessible to everyday consumers.
CryptoKitties is a game centered around breedable, collectible, and oh-so-adorable creatures we call CryptoKitties! Each cat is one-of-a-kind and 100% owned by you; it cannot be replicated, taken away, or destroyed.
The Core CryptoKitties smart contract will track the genotype and ownership of all CryptoKitties. Because of the difficulty of amending or replacing smart contracts, we will endeavour to split as much functionality out from the Core Contract as possible into “library” contracts.
CryptoKitties are NOT a cryptocurrency. They’re more like a cryptocollectible. The real-world analogy for a cryptocurrency is dollars or pounds; a cryptocollectible’s real world analogy is closer to assets like baseball cards or fine art.
As dictated by the smart contract, any CryptoKitty you own belongs to you. Like any product or property you can own, the market price is determined by demand, scarcity, and your asking price.
When you buy a Gen 0 cat—which are released every 15 minutes—we get that income. Otherwise, we take 3.75% from each transaction on our marketplace.
Note that we made the marketplace to make our game as easy as possible to use. It’s possible to do whatever you want with your cats outside of our marketplace without paying us a cent
CryptoKitties ownership will be tracked via a smart contract on the Ethereum blockchain. CryptoKitties will be distributed automatically, via smart contract, at the rate of one every 15 minutes (672 per week) for one year.
Each cat will have a distinct visual appearance (“phenotype”) determined by its immutable genes (“genotype”) stored in the smart contract. Because cats are tokens on a blockchain, they can be bought, sold, or transferred digitally, with strong guarantees of ownership.
Additionally, any two CryptoKitties can breed together to produce an offspring, which is a genetic combination of the two parents. In each pairing, one CryptoKitty will act as the sire and will have a short recovery period (which increases each time they sire) before being able to engage in another pairing. The other CryptoKitty will incubate the new kitten, during which it can’t engage in other breeding. After this gestation period, the CryptoKitten will be born and its genotype and phenotype revealed. This new CryptoKitten will be automatically assigned to the owner of the dame cat at the time of birth. Both the mother and the new CryptoKitten will being available for further breeding immediately after birth.
Chat2Peer 
Leave a comment