Ethereum’s First Killer App Is Here, and It’s a Game Where You Create Digital Cats

by Mike Orcutt

Even though it just launched last week, CryptoKitties, a platform for “breeding” and trading collectible digital cats, is already too popular for the network to handle, accounting for 12 percent of all transactions on Ethereum. Its sudden emergence has stressed the network, causing a significant backlog of pending transactions.

If you’d like to buy a “cryptocollectible” cat, first you need some of Ethereum’s cryptocurrency, called Ether. The most expensive one somehow went for more than $114,000, but the median sale price for a blockchain-secured, tradeable digital feline asset is currently $11.44 worth of Ether.

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