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What happened to CryptoKitties?
CryptoKitties, a blockchain-based game known for its NFT cats, took off when it first made its debut in 2017. Things have come crashing down since then, sending the value of most CryptoKitties plunging. Matthew Smith over at IEEE Spectrum has an excellent write-up on how the game’s breeding mechanism and Ethereum gas fees contributed to its demise.
CryptoKitty in the past three months is about 0.04 ether, or $40 to $50, which is often less than the gas required to complete the transaction. Even those who want to casually own and breed inexpensive CryptoKitties for fun can’t do it without spending hundreds of dollars.
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