Author: Dean Takahashi / Source: VentureBeat
CryptoKitties became a sensation after it debuted in November as a collectible game built on top of blockchain and the Ethereum cryptocurrency. Now the Axiom Zen game studio is announcing that it’s launching CryptoKitties in China, Taiwan, and Hong Kong.
CryptoKitties don’t come with a cryptocurrency themselves. Rather, the company calls them cryptocollectibles, which use blockchain technology to authenticate ownership of a particular CryptoKittie character. Players can buy and sell those characters, and some of them are rare. You can think of CryptoKitties as a kind of Pokémon for the age of blockchain.
Since its launch, CryptoKitties has gained more than 1.5 million users. This doesn’t sound like a lot, but the studio says fans have conducted more than $40 million in transactions. And some of the game’s most popular cats have sold for the equivalent of more than $200,000. CryptoKitties got so popular that they accounted for as much as 30 percent of the volume of trading in Ethereum, one of the more popular cryptocurrencies.
CryptoKitties isn’t much when it comes to gameplay. You can buy a kitten (with Ethereum) and hold on to it. You can breed kittens, which have different visual features, dubbed traits. Some of the traits are more rare than others. There are…
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