In this post we take a look at How to play Cryptokitties and earn Cryptocurrency?
Cryptokitties is a blockchain game. Players collect and breed CryptoKitties, which are all unique, thanks to a digital genome that defines how they look. The whole thing is powered by the Ethereum blockchain, a cryptocurrency kind of like Bitcoin, except transactions may contain executable code. This game became a popular hit way back on December 17th and is responsible for over 25% of all Ethereum traffic.
The game has no real objective or goal as such; you can simply buy a digital kitten, and it will forever by yours due to the nature of blockchain technology. The founders wanted to create a game that would allow anyone in the world, to own virtual cats that were created from a smart contract. Every cat that is created is unique, which includes different colored fur, eyes and hair! There are also different CryptoKitty genders, which take their names from a male or female horse! A male CryptoKitty is called a Sire and females are called Dames!
Think of it like a human’s DNA. Everyone on the planet has a unique internal DNA which is never the same as anybody else’s, which is the same with CryptoKitties! The technology that supports this is known as Genetic Algorithm. Although CryptoKitties is called a game, you can’t really do anything with them other than buy, breed and sell them. Some cats are much rarer than others and these can be sold for a lot of money. In some cases, people have paid more than $100,000 dollars for a single cat!
Setting up your account
Buy some Ethereum
Before you can get started with CryptoKitties, you will need to buy some Ethereum (ETH). The easiest way to do this is with Coinbase, as you can easily and quickly buy some using your debit/credit card or bank account.
Once you have bought yourself some ETH, you now need to install a virtual wallet called MetaMask. This is the wallet that is compatible with the CryptoKitties platform and it will allow you to buy, breed and sell cats.The MetaMask wallet is really simple to use and you can even install it as a Google Chrome extension! Once you have set MetaMask up, transfer your ETH into it.
Create a CryptoKitties account
- Now that you have a MetaMask wallet funded with ETH, you can visit the CryptoKitties website and create an account. Click HERE!
- You will first need to enter your email address and choose a nickname. Your MetaMask wallet address is automatically inserted.
- You will now be shown the CryptoKitties terms and conditions. Make sure you read them before clicking Agree!
- Next, a MetaMask popup box will ask you sign in to CryptoKitties. Click on Sign In
- You should now be on the CryptoKitties platform, which means you have successfully opened an account!
Buying your kittens
Now that MetaMask is operational, you’re all signed in and you have some ETH in your account, it’s time to buy a kitten. But why do it, anyway?
For a newbie, the game might not seem that appealing initially. Its largely due the fact that, this game is designed to be virtual and here you can’t really fondle your kittens, feed them or have any sort of physical interaction with them. There’s nothing much that you can do with them except buy, sell, rent out for breeding (called siring in the game) or have them sire between themselves. But the game gets interesting once you start figuring out which traits are rare, and how to get them. For example, there are thousands of kitties in the game, but according to kitty-tracking site CryptoKittydex, there are only 81 “mainecoon” kitties, and only 156 “jaguar” kitties.
Besides owning a digital rarity, this gets exciting once you see the prices for those kittens. Some of the rarest ones go for hundreds of ETH; some prices are already into millions of dollars. So it’s a bit like digital lottery; if you breed two common kitties and get a rare one, you might actually be able to sell it for a lot of money. To start playing, however, the only thing you need is purchase a kitty — or better yet, two kitties, so you can sire them.
This is easy to do; Go to the MarketPlace, browse a little and when you find a kitty you like, click on “buy now.” You’ll get a prompt from MetaMask asking you to confirm the transaction (always check how much ether you’ll actually be spending; if the figure seems unreasonably high, hit “reject,” refresh the page and try again.)
Breeding your kittens
It is important to remember that only the Dame (mother) gets to keep the Crypto Kitty, so if you have a Sire (Father) you won’t get anything. However, some people charge for this service (known as a Siring fee) if they have a rare Sire!Do you remember how I mentioned Generation-0 coins being worth the most as there will only ever ben 50,000? Well, if a Generation-0 Dame breeds with a Generation-0 Sire, then it will produce a Generation-1 CryptoKitty.In another example, if a Generation-2 Dame breeds with a Generation-4 Sire, it will produce a Generation-6 CryptoKitty! The lower the Generation, the more expensive the Siring fee will be!
- At the top of the screen, click on the Search box.
- Below the search box, tick the box next to Siring.
- You can sometimes find Sire’s that are happy to breed for free, which is great! I like the look of Kitty 5144811. Find the Sire you want to breed with and click on its picture.
- Next, click on the pink Breed Now button
- Now you will need to select which of your Dame’s you want to breed! Click on Select a Kitty to complete the process. Once you confirm the transaction, the new CryptoKitty token will be sent to your MetaMask wallet!
Understanding the game
Look around on the marketplace to find yourself some Kitties. If you’ve found a Kitty you’d like to buy, click on the cat and hit the “Buy now” button. A new page will open so you can double-check the Kitty you’re about to purchase. If everything seems in order, click on “OK, buy this Kitty”. You’ll be prompted with a MetaMask transaction window. Click submit to purchase the Kitty. It may take a couple minutes to show up on your profile. This all depends on the Ethereum network.
Offers are another way to buy cats. Using the game’s Offers system, players can make a bid in ETH for any Kitty in the game, even if they’re not currently up for sale. Once an offer is made, the owner can choose to accept or decline it. Offers expire after three days.
There are two ways to breed a new Kitty: breed two of your own Kitties together, or breed with a public sire. Best practice is to breed two Kitties of the same generation, since the offspring’s generation (gen) will be the highest generation of both parents plus one. If you breed a Gen 3 and a Gen 4 Kitty together, you get a Gen 5 Kitty. If you breed two Gen 3s, on the other hand, you get a Gen 4.
If you want to breed two of your own Kitties together, go to your litter and click on a Kitty you want to make the father (the Sire) in your breeding. This cat will show a “Breed” button. Click on that, then click on “Sire with my Kitties”. After that, you get to choose the Dame (or, the mother) for your breeding. Once you’ve selected a breeding pair, hit “OK, give them some privacy” to open a transaction window and let those Kitties make some magic.
Once you’ve got your paws on some CryptoKitties, you can put them up for sale or Sire them to the public. If you go to your litter and click on one of your Kitties, you’ll see the buttons “Sell” and “Breed”. Both of these buttons lead you to a page where you can create an auction. “Breed” lets you create a Siring auction, which means other players can breed with your Kitty through the Siring market. “Sell” creates a sale auction. Other players can find your sale auction on the marketplace. You get to pick the starting price, the ending price, and the duration of the auction.
How to Earn Money Using Cryptokitties?
Now the real question here is, can you earn money with these cryptokitties?
Its simple words, Yes there is an earning opportunity associated with this game and this is what makes it even more exciting. The whole game is based on buying, selling, holding and breeding the kitty. It is up to you. We can either purchase an existing kitty and then decide to breed it. After breeding it we can sell it to other buyers for the desired amount of money. Or we can buy a new kitty from the Gen 0 section and then sell it after breeding the kitty to earn some money. The more unique a cryptokitty is, higher the profit we can earn by selling the cryptokitty.We can also decide to hold the kitty if at that time the price is not up to our desired price and sell it once the buyers agree to buy the kitty at a good price.
Just like any other market, products or collectible, this marketplace is also driven by demand and supply process along with your asking price. Who are the buyers of these kitties can be the question that might be popping in your head. The buyers can be anyone given the fact that these kitties can make them earn a huge profit if their kitties are unique and appealing enough for any other buyers who might be willing to pay a huge amount of money for them. We already know now at what price Genesis was sold and from that we can figure out what these kitties are worth it. Also till date more than $4million worth of kitties have been sold.