CryptoKitties hit a milestone recently as players have bred more than a million unique virtual kitties in a demonstration of the usefulness or maybe silliness of blockchain technology.
Blockchain, which is the foundation for cryptocurrencies like Bitcoin, is a secure and transparent ledger that runs on decentralized networks. It enabled Axiom Zen, which spun out Dapper Labs to run CryptoKitties, to create unique digital items known as “cryptocollectibles” or “non-fungible tokens,” which cannot be copied. When rare CryptoKitties are born, players can bid for them, raising their value, which is why some CryptoKitties have sold for more than $200,000.
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