Crypto Kitties: Your Guide To Investing In Digital Cats

CryptoKitties is a blockchain game where players can buy, sell, and breed virtual cats with unique attributes. The game was developed by Canadian studio Dapper Labs, a spin-off from Axiom Zen, and operates on the Ethereum blockchain network. To get started with CryptoKitties, players must first purchase the Ether cryptocurrency. This can be done through platforms such as Coinbase. With Ether in hand, players can then install a virtual wallet called MetaMask and create an account on the CryptoKitties website. From there, players can browse the marketplace for CryptoKitties to purchase or put their own CryptoKitties up for sale or breeding.

How to buy CryptoKitties

CryptoKitties are non-fungible tokens (NFTs) representing unique digital cats with their own set of characteristics. Each CryptoKitty is one-of-a-kind and is 100% owned by the player; it cannot be replicated, taken away, or destroyed.

To buy CryptoKitties, you need to follow these steps:

• Set up a crypto wallet: You will need a crypto wallet with Ethereum, the cryptocurrency used to buy CryptoKitties on its marketplace. You can purchase Ethereum on most major crypto exchanges and then transfer it to your crypto wallet. Metamask is a popular choice for a crypto wallet.
• Visit the CryptoKitties website: Go to the official CryptoKitties website and click on the "Start" button.
• Create an account: Provide your email address and choose a nickname to create an account. Having an account is necessary to purchase CryptoKitties.
• Browse and select your CryptoKitties: Once your account is created, you can browse the website's catalog and select the CryptoKitties you wish to purchase.
• Purchase your CryptoKitty: After choosing your desired CryptoKitty, click on the “Buy Now" button. Review the details of the CryptoKitty you are about to purchase, and if everything is in order, confirm the transaction. You will be prompted with a Dapper transaction window. Click "Submit" to finalize the purchase. The CryptoKitty should appear in your profile within a few minutes, depending on the Ethereum network.

It is important to note that CryptoKitties are not considered a good investment. They are primarily intended for entertainment and collecting, and the game's website explicitly states that it is not an investment portfolio or a get-rich-quick opportunity.

How to sell CryptoKitties

CryptoKitties is a blockchain-based game where players can buy, sell, and breed digital cats with unique attributes. Each CryptoKitty is unique and cannot be replicated or transferred without the owner's explicit consent. The value of a CryptoKitty is determined by several criteria, and some are worth more than others.

To sell your CryptoKitty, you must first decide how much Ethereum (ETH) you want to sell it for. The marketplace is very similar to eBay, with a long list of CryptoKitties available to buy. Each CryptoKitty is priced differently, depending on its rarity. Once someone buys your CryptoKitty, the ETH will be sent straight to your wallet.

It's important to note that every time you sell a CryptoKitty, you will need to pay an Ethereum blockchain transaction fee, known as GAS. These fees pay miners who help verify transactions. As the network gets busier, the price of GAS increases.

• Install a virtual wallet: You will need a virtual wallet, such as MetaMask, that is compatible with the CryptoKitties platform. This will allow you to buy, breed, and sell CryptoKitties.
• Fund your wallet: Purchase Ethereum (ETH) from a cryptocurrency exchange like Binance or Coinbase, and transfer it to your MetaMask wallet.
• Create a CryptoKitties account: Visit the CryptoKitties website and create an account. You will need to provide your email address and choose a nickname.
• Buy your first CryptoKitty: Browse the CryptoKitties marketplace or secondary NFT marketplaces like OpenSea to find a CryptoKitty you want to purchase. You can filter your search by age, generation number, or value.
• Breed your CryptoKitties: To breed two of your CryptoKitties together, simply click on one of them, select the "Breed" button, and choose "Sire with my Kitties." Then, select the other CryptoKitty as the "Dame" or mother cat.
• Sell your CryptoKitties: Once you have produced new breeds of CryptoKitties, you can put them up for auction by clicking "Sell." You can set the starting price, ending price, and auction duration.

By following these steps, you can successfully sell your CryptoKitties and earn ETH, especially if you have rarer cats with desirable traits.

How to breed CryptoKitties

To breed CryptoKitties, you will need to have a virtual wallet called MetaMask installed and some Ethereum (ETH) to fund it. You will also need to have purchased at least one CryptoKitty.

There are two ways to breed a new Kitty: breed two of your own Kitties together, or breed with a public sire. It is best to breed two Kitties of the same generation, as the offspring's generation will be the highest generation of both parents plus one.

To breed two of your own Kitties, go to your litter and click on the Kitty you want to make the father (the Sire). This cat will show a "Breed" button. Click on that, then click on "Sire with my Kitties". Next, choose the Dame (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 the Kitties breed.

If you want to breed with a public Sire, click on one of the Sires available on the marketplace. Hit the “Breed now” button to select a Kitty from your litter to be the mother (the Dame). After selecting the Dame, hit “OK, give them some privacy”.

Please note that only the Dame (mother) gets to keep the Crypto Kitty, so if you only have a Sire (father), you won't receive a new Kitty. However, some people charge a fee for this service (known as a Siring fee) if they have a rare Sire.

There is a breeding fee that goes to "autobirthers", community-run bots, and smart contracts. Additionally, every single time you breed a CryptoKitty, you will need to pay an Ethereum blockchain transaction fee, also known as GAS. These fees pay miners who help verify transactions. As the network gets busier, the price of GAS increases.

After breeding, there is a cooldown period before you can use the same CryptoKitties to create new cats.

How to create a CryptoKitties account

To create a CryptoKitties account, you must first purchase some Ethereum (ETH). The easiest way to do this is through Coinbase, where you can use your debit/credit card or bank account to make the purchase. Once you have bought some ETH, you will need to install a virtual wallet called MetaMask. This wallet is compatible with the CryptoKitties platform and will allow you to buy, breed, and sell cats.

The MetaMask wallet is user-friendly and can be installed as a Google Chrome extension. After setting up MetaMask, transfer your ETH into it.

Now that you have a MetaMask wallet funded with ETH, you can visit the CryptoKitties website and create an account. You will need to enter your email address and choose a nickname. Your MetaMask wallet address will be automatically inserted.

After entering your details, you will be shown the CryptoKitties terms and conditions. Make sure to read them carefully before clicking "Agree." A MetaMask popup box will then ask you to sign in to CryptoKitties. Click on "Sign In," and you will be redirected to the CryptoKitties platform, indicating that your account has been successfully created.

How to fund your CryptoKitties wallet

To fund your CryptoKitties wallet, you will need to purchase some Ethereum (ETH). This can be done easily and quickly through Coinbase, using a debit/credit card, or your bank account.

Once you have bought your Ethereum, you will need to install a virtual wallet called MetaMask. This is the wallet that is compatible with the CryptoKitties platform and will allow you to buy, breed and sell cats. The MetaMask wallet is simple to use and can be installed as a Google Chrome extension. Once you have set up MetaMask, transfer your Ethereum into it.

Now that you have a MetaMask wallet funded with Ethereum, you can visit the CryptoKitties website and create an account. You will need to enter your email address and choose a nickname. Your MetaMask wallet address will be automatically inserted. You will then be shown the CryptoKitties terms and conditions, which you should read before agreeing.

A MetaMask pop-up box will ask you to sign in to CryptoKitties. Click on 'Sign In' and you will be on the CryptoKitties platform, with a registered account.

Now that you have an account, you can go to the CryptoKitties marketplace and start buying CryptoKitties. You can sort the search results by age, generation number, or value. Each CryptoKitty will be priced differently, depending on its rarity. Once you have decided on a CryptoKitty, click on its picture and then click the 'Buy Now' button. Confirm the amount and a MetaMask pop-up box will display the transaction details and GAS fees. Finally, confirm the trade.

Your CryptoKitty token will then be sent to your MetaMask wallet.

Frequently asked questions