The decline of Cryptokitties resembles that of Pokemon Go | 코인긱스

The decline of Cryptokitties resembles that of Pokemon Go


Once it has reached its launch, CryptoKitties has steadily lost its rhythm, showing that you are not talking about NFT token is not the new madness. Not long ago, Pokemon Go suffered a similar fate.

All those who have been involved in the crypto world six months ago can undoubtedly remember the hype above CryptoKitties. Digital pets were unique at the time because their existence was also unique, no one could own the same kitten. The game allowed crypto-kitty owners to replicate their bundles and sell their offspring.

Things have changed drastically, however, for digital kitties. At present, no one cares that CryptoKitties exists, separated from hardcore supporters. Igor Barinov, for example, bought at 127 at a 140,000 USD Cryptocurrency art auction.

Conformable to Bloxy, CryptoKitties barely records 250 active visitors daily these days. Yesterday, June 8, digital kitties only had 244 pet owners who logged in and play around. This is a drastic decrease from the top 9,750 guests.

Users who have tried to get into the game they can tell you how rare these pet animals are, particularly the founding generation. This blockchain game succeeded in flourishing the Ethereum network it is leading, causing massive delays in transactions.

The CryptoKitties officially launched on November 28, 2017. The first record it established on December 2 when “Genesis, the first cat, was sold for 246,9255 ETH about 117,712 USD at that time”. The game recorded 143 unique guests during the launch.

The number increased to 6,030 in just 12 days after launch, on Dec. 10, CryptoKitties reached a maximum of 9,750 customers. Overall, CryptoKitties managed to raise 6.7 million dollars in the first few days. While the numbers were remarkable and showed that world cryptocurrencies were more than currency tokens, the dismal figures of today show that it could be a sad end to this digital story.

However, at the beginning of this year, kitties play managed to raise 12 million dollars in funding. The support came from Union Square Ventures and Andreessen Horowitz, two of the world’s largest investment firms known to support Coinbase, Facebook, and Twitter.

The company also brought additional angel investors such as Mark Pincus, founder of Zynga, Fred Ehrsam, Coinbase founder William Mougayar, founder of the Token Summit, among others.

For those who pay attention, you know that something similar happened to Pokemon Go. Upon his release, he took the masses on the roads in search of Pokemon mixed with the real world through Augmented Reality. While the app revealed the records with the 45 million active regular users, most of them have disappeared quickly, and today there are only 5 million regular active users worldwide.

While the current numbers may not be as useful as they once were, Pokemon Go is still one of the most profitable smartphones out there.

CryptoKitties demands that “the future is meow” which does not certainly mean that the game will survive on its current model. As noted in the art auction or recent charity campaign, there are other ways CryptoKitties can be used to raise money.

A few days ago, a charity campaign called “Kitties For A Cause (K4C)” sold some cats raising a total of 15,000 USD for a Children’s Hospital.

The post The decline of Cryptokitties resembles that of Pokemon Go appeared first on Crypto News 24/7 – Bitcoin News.

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