Currently there’s an auction happening for an one-of-a-kind Cryptokitties kitten designed by Chinese designer Momo Wang. Koshkat is an exclusive kitten with an abstract and surrealist aesthetic. Currently the highest bid is 3 thousand dollars, and the auction will end on this evening on May 15th 7:30 PM PDT.
Niftygateway is the company behind the auction. Alongside the one-of-a-kind kitten, they also sold one hundred Catterina kittens. However, they didn’t auction these, but instead sold them for 100 dollars a piece.
These two kitties are only half of the entire Momo Wang collection inside Cryptokitties. Because in total there are four avant-garde cats inspired by dadaism. Collectors and gamers will be able to create the two remaining kitties in the coming weeks. The first of these two will be breedable starting from May 23rd.
The collaboration with Momo Wang is just the first. A new initiative called The Artist Series will create partnerships with artists from other fields, like for example fashion, art, and other creative industries. The partnership with Wang, best known for her Tuzki character, came into existence through Animoca Brands.
What is Cryptokitties?
Cryptokitties is a blockchain-based game on the Ethereum network that involves the purchase, collection, breeding and selling of digital cats. Every cat features different attributes that make them unique and cannot be replicated. Because of their uniqueness, trading Cryptokitties is quite a big business.
For example, currently a Catterina kitten is already on sale for 2.9 ETH, which is 582 dollars. If sold, that would multiple the initial investment of 100 dollars by five. Another example: In September 2018 someone paid 600 ETH for a kitten called Dragon. That’s the equivalent of 170 thousand dollars. In addition the first kitten ever, Genesis, is worth over 246 ETH.
In a world full of blockchain games, Cryptokitties is the godfather. Because this is the game that started the concept of ownership over digital assets. It was the first to use the Ethereum token standard ERC-721 and make a successful game out of it.
Also published on Medium.