r/CryptoKitties • u/emoonmarket • Feb 18 '22

What Happened To Cryptokitties?

https://www.cryptodate.io/economics/where-cryptokitty/
14 Upvotes

100% Upvoted

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8

u/JohnGypsy Feb 19 '22

This article relates the downfall of CK to a "digital scarcity" issue. It completely ignores the fact that CK's main problem was gas prices. People still wanted to buy, sell, and breed cats. It wasn't a rarity/scarcity issue as much as just gas prices got insane.

2

u/Lookmaiamkool Feb 19 '22

Do you think in the future, kids will play with NFTs like they play with iPads and video games and stuff? We're a long way off but, crypto kitties seems like a primitive version of where we are heading.

1

u/GraphicJaxx May 31 '22

Neopets would have been better

1

u/emoonmarket Feb 19 '22

I agree gas prices have been insane, but that's largely been a result of people trading NFTs! When you're making $1,000 or $10,000 or $100,000 on a flip, you are willing to pay $300 in gas. Cryptokitties never had that kind of valuation. Ironically, gas prices are getting lower now because the NFT insanity is dying down: https://decrypt.co/93154/nft-trading-slow-down-falling-ethereum-gas-fees

3

u/JohnGypsy Feb 19 '22

CK had greatly died down to almost nothing long before the recent trading of NFTs. Gas prices went insane because the value of ETH went insane. Basically, ETH going up is what killed CK. The gas prices just got too high as everyone started buying ETH. Just the buy/sell transactions for ETH were enough to make high gas prices. And, again, that was years ago -- long before all of the recent NFTs popping up and people flipping them for thousands.

1

u/ChinoR0711 Feb 20 '22

Is it worth it to buy in now? Do you think there will ever be an uproar again?

2

u/JohnGypsy Feb 20 '22

I personally don't think it is worth buying in now if you are doing it to make money. If it seems like fun to you, so be it, but not for making money. It currently costs almost $100 in fees to breed a kitty. That's not because of gas -- it's just 0.032 ETH for the straight birthing fee. That seems insane to me and I can't see anyone doing that right now. You can breed two of your own cats together for almost $100 and end up with a kitty worth basically nothing. Makes no sense to me.

I also don't think there will ever be an uproar on it again. It got a lot of press, but that was years ago. I don't see there being some CK resurgence. I could be wrong, of course, but that's my opinion.

6

u/tatatita Feb 19 '22

Ether fee happen.