The Axiom Zen team, courtesy of the Axiom Zen Medium blog.Īs an NFT, each CryptoKitty exists on the blockchain as a unique asset using Ethereum’s ERC-721 non-fungible token standard. The first generation of cats “Generation 0” was auctioned to a small audience in a Dutch auction format, and any new cats could be sold on a secondary market. The primitive game was built on-chain on Ethereum (a decision that proved to be chaotic for both parties).ĬryptoKitties raised a total of $23 million from top-shelf investors like a16z and Union Square Ventures. The Origin of CryptoKittiesĬryptoKitties was launched in late 2017 at an Ethereum-oriented hackathon, ETH Waterloo by Axiom Zen, the creator of CryptoKitties’ creator, the consumer-focused Flow-blockchain Dapper Labs.
The following guide will explore CryptoKitties as an NFT pioneer, how the game functioned, and critical lessons learned by CryptoKitties that have benefited the entire world of NFT creators. The technology underpinning CryptoKitties, the blockchain, essentially acts as a replacement for a centralized “authenticity verification and escrow” department that accompanies most collectible auctions and marketplaces, such as eBay.
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