Tag Archives: Cryptokitties

New Ethereum Project Aims to Tokenize Video Game Items

The ability to create decentralized applications (DApps) is widely considered to be one of the most promising use cases for blockchain technology. Palm, a new Ethereum-based project, aims to provide developers with the ability to tokenize in-game assets in conventional video games as well. Continue reading New Ethereum Project Aims to Tokenize Video Game Items

Etheremon’s Co-Founder Jarvis Nguyen

Blockchain-based games have become a hot commodity in the cryptocurrency space. Ethereum-based CryptoKitties was the first game to take off on the market and since its inception, more and more games are being released. Etheremon is the latest game to be launched on the Ethereum blockchain. The idea of gaming on the blockchain is very new. The traditional game is controlled by a company and the game behavior can be changed easily by them. As a decentralized application, no one controls this game, and no one can take away your assets or cheat you in this world. It is immune to any outside influence as it’s guaranteed to execute only what the smart contracts were programmed to do. Moreover, because Ethereum runs on thousands of machines simultaneously, the services are provided with a 100% uptime guarantee. In Etheremon, all players share the same world. For example, there are only 195 Pangrass, so the maximum number of players that can have Pangrass at any particular time is 195. Users can also play with others via battle modes. It is similar to any online games, but there is no centralized server, all actions are done via Ethereum network. From those attributes, players can earn money from playing. Players can sell, lend their Etheremon to others, and as the resources are limited and transparent, there is a need for collecting them. It is similar to Bitcoin, there is a limit cap and no one controls it.

Reference: https://cryptocurrencynews.com/ceo-speaker-series/etheremon-exclusive-jarvis-nguyen/

The Cryptokitties Expansion

Cryptokitties is the largest game launched on the blockchain, to date. It was built on the Ethereum blockchain and has made $19.5 million, to date. It was invented and launched by Vancouver’s, Axiom Zen. We got to sit down with their Director of Communications, Bryce Bladon, for an exclusive interview about the CryptoKitties expansion.

Cryptokitties saw Ethereum blow up in December reaching it’s highest peak at the time. The game features breedable and sellable cats or crypto kitties that vary in value. The most expensive kitty ever sold on CryptoKitties was worth $117,712 USD or 246.9255 ETH at the time of sale!

Reference: https://cryptocurrencynews.com/ceo-speakers-series/cryptokitties-expansion-exclusive-interview/