Why people are buying cartoon cats on the blockchain

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  • Published on:  Thursday, May 24, 2018
  • Forget cryptocurrencies. These are cryptocollectibles.Subscribe to our channel! http://goo.gl/0bsAjOEvery time you send something on the internet, it’s a copy. But using new technology, can we make digital goods that are... rare? That’s the question behind CryptoKitties, a new game to buy, breed, and sell digital cats on the blockchain. These cats are more similar to real-world collectibles like beanie babies or baseball cards than they are to cryptocurrencies like Bitcoin or Ethereum. In just the last few months, a whole community of third party sites and services has formed around CryptoKitties. And fans have spent more than $23 million playing along. All of this is made possible by the clever and surprising code behind the game. Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com.Watch our full video catalog: http://goo.gl/IZONyEFollow Vox on Facebook: http://goo.gl/U2g06oOr Twitter: http://goo.gl/XFrZ5H
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  • Vox
    Vox  a years ago +191

    Watch the Verge video on prescription gaming, that Cleo mentions at the end, right here: http://bit.ly/2kld1op

  • Zuzu
    Zuzu  a years ago +2078

    What new pokemon game is this

  • uncle ben
    uncle ben  a years ago +629

    not sure if i'm more impressed by the creators or disappointed by the consumers...

  • Baked Potonion
    Baked Potonion  a years ago +525

    over priced adoptables

  • Cannon Mabray
    Cannon Mabray  a years ago +203

    “Digital scarcity is brand new” Tell that to the people trading and selling items on steam for years and years, like rare counter strike skins.

  • Darren D. MacDonald
    Darren D. MacDonald  a years ago +209

    Or... I can draw my own cat... It's completely unique, I can make it however I want and I spent nothing... Top that Neopets2018....

  • Jonathan Palmquist
    Jonathan Palmquist  a years ago +213

    She looks like a cross between Natalie Portman and Eleven from Stranger Things. They must have bred her on the blockchain.

  • VoB
    VoB  a years ago +714

    I am definitely not from this planet.

  • Dragon Artz Studios
    Dragon Artz Studios  a years ago +254

    Yo. Artists have been doing something like this for years. These are just glorified adoptables/breedables.
    I find it funny when someone does something that literally a bunch of people have done before and then all of the sudden it's new and innovative. There are no use for these. At least with most adoptables you can use the character and not waist a bunch of money on em. A lot are relatively cheap for what you're actually getting.

  • grrr 。
    grrr 。  a years ago +60

    "Can a digital good be rare?"
    EA
    "Can a digital good be expensive?"
    EA

  • Piyush Kant
    Piyush Kant  a years ago +335

    she looks like a mix of Natalie Portman & Keira Knightley

  • paraki-la
    paraki-la  a years ago +107

    deviantart adoptables

  • Jane Doe
    Jane Doe  a years ago +147

    Me:that’s so dumb wtf
    Me:
    Me:*googles ‘cryptokitties’ and signs up to buy like seven*

  • Arnar Jón Guðmundsson
    Arnar Jón Guðmundsson  a years ago +71

    Digital scarcity isnt brand new? People have been dealing with digital scarcity ever since TF2 had hats added.

  • David Z.
    David Z.  a years ago +46

    Sounds like a money laundering scheme

  • ElyssaAnderson
    ElyssaAnderson  a years ago +1565

    This is absolutely silly, and proof that people will waste money on anything.
    ...
    I want one right now ☺️

  • Joshua Pretzer
    Joshua Pretzer  a years ago +31

    Digital scarcity is not brand new... How did Vox miss decades of virtual economies in online games and digital collectible card games? I guess maybe this is a first for people who are thought of as non-gamers? But even crypto-currencies themselves can be treated as commodities, and their value is built off of digital scarcity. So annoying that this fascinating topic is being treated as "brand new" when it has been an important topic for roughly two decades.

  • Vallkie
    Vallkie  a years ago +41

    So basically, deviantart adoptables become mainstream. Their idea isn't new, it's been around a while. The cats are pretty cute though, but you can't interact with them and dress them up like in petsites.

  • Martin Pintos
    Martin Pintos  a years ago +15

    "Can a digital good be rare?"
    Have you ever heard about Skins in videogames?

  • Letrokid 11
    Letrokid 11  4 months ago +7

    "They'll stop selling these rare collectible cats in November of 2018."
    Hears this for the first time in 2019.
    Me: "............Why......?"