CryptoKitty Craze Is Part Game, Part Art, Part Currency
Art is taking a new form, digital art or Crypto-Art is costing some fans a lot of money.
CryptoKitty digital artwork that doesn’t leave your computer’s wall page is part art, part game, and part of the cryptocurrency revolution.
“This is a baby step in the beginning of authentic digital art that you can own that has a value that you can prove is unique and you don’t need an art dealer to tell you,” said Shelly Palmer.
Each CryptoKitty has its own unique set of features or cat-tributes, for example big cartoon eyes and purple stripes are stamped with their own digital code, which makes it impossible to copy.
“This technology makes it possible so that digital art—digital assets—can truly be one of a kind so the reason people are investing this much in it is a relatively simple idea because of what they see as meaning for the future of our relationship with technology and art like this,” said Bryce Bladon, co-founder of CryptoKitties.
Dozens of CryptoKitties are sold for $100,000 each that surprised the art world.
“An interesting surprise I haven’t seen anything like it. Of course, the coin has been around for a while and it’s all just taking off, so there is an audience for this type of art in the digital community,” said Barbara Hartley, from the Downtown Orlando Artist District.
Users are taught to buy, sell, and trade these one of a kind digital collectibles with cryptocurrency and blockchain technology.
“The blockchain what it means for an everyday consumer is incredibly powerful it outs a lot of ownage rights the ability to actually own digital assets, a lot of right back into the hands of the consumers,” said Bladon.
CryptoKitty has 200,000 users that have invested nearly $20 million. Right now close to a million kitties are living online, most selling for a $1 or $2 with a rare breed costing six figures.