Vir­tual cats like cat­nip to in­vestors

The Province - - LIVE IT! -

VAN­COU­VER — At first glance, Cryp­toKit­ties are goo­gly-eyed vir­tual cats that come in an ar­ray of fan­ci­ful forms — from fluffy nin­jas, to fe­line-duck hy­brids.

But don’t un­der­es­ti­mate these col­lectible crit­ters, be­cause some Cryp­toKit­ties have com­manded six fig­ures on the vir­tual mar­ket, and the B.C.-based com­pany, Ax­iom Zen be­hind the project says it’s at­tracted more than $12 mil­lion US in in­vest­ments.

Cryp­toKit­ties has been com­pared to breed­able Beanie Ba­bies on the blockchain. When a Cryp­toKitty changes hands, the ex­change is logged by the blockchain, a dig­i­tal ledger of trans­ac­tions.

Each is en­coded with a oneof-a-kind to­ken, like DNA. When two breed, new char­ac­ter­is­tics can be un­locked through the ge­netic lot­tery.

A run-of-the-mill vir­tual kit­ten costs only a few dol­lars, but Cryp­toKit­ties of spe­cial pedi­gree can have ex­or­bi­tant price tags.

Be­hold, a Cryp­toKitty! — THE CANA­DIAN PRESS

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