Zombies eating kitties

On Tuesday we announced our investment in Cryptokitties, and, as you might expect, received a combination of enthusiasm and skepticism in response.  Bitcoin and cryptocurrencies already sound ridiculous to most people, and virtual “real” kittens made out of cryptocurrency take it a step further.

But, as with many new technologies, these first use cases just scratch the surface of a broader potential.  There are lots of things to be excited about here, but for now I’ll just focus on one of them: interoperability.

Cryptokitties are a specific type of cryptoasset, known as a “non-fungible token” (in this case, based on the ERC-721 standard).  Non-fungible means that each one is unique.  So, when a kitty is “born”, it is a one-of-a-kind digital asset, as opposed to other types of currencies or tokens that are completely interchangeable.  So, they are different than other tokens in that way, but are similar in that each NFT is “scarce” or “real” in that is secured by the blockchain – in this case the Ethereum blockchain.  So, what we have are unique, scarce, public digital assets.

The public part is particularly interesting.  Because each kitty is a token on Ethereum, that means that anyone else (aside from the original developers of Cryptokitties) can view that asset and integrate it into other systems, without anyone’s permission.

For example, on Kittyhats — developed independently from CryptoKitties — you can buy a hat for your kitty.  Here’s the one I bought:

(There are now 899 flat brim hats still available if anyone is interested)

What’s particularly interesting is that I don’t own the hat, my kitty does — from the KittyHats whitepaper:

When you sell a kitty, the sticker remains applied to the kitty. The new owner can choose to remove the sticker or leave it attached.”

Or, put another way:

So neat!  So what we have the beginnings of is a world where digital assets that are created in one place can be freely integrated into other places.

If hats are too tame, you can also race your kitty at KittyRace: (updated, via @sidkal)

Or, when you’ve had enough of your kitty, you can head over to CryptoZombies (hat tip to Aaron), which teaches Ethereum programming via online game development.  As you create a zombie, it can start to do things.  One of the things it can do is eat CryptoKitties:

The (original) internet brought us a world where any site could link to any other site, and they could all be accessed from anywhere in the world.  This was the first interoperability revolution.  The next one will be with data and digital assets.  For a long time, data has been the property of platforms — with cryptonetworks and cryptoassets, data can live outside of anyone platform, under the control of users.  This has the potential to open up a lot of innovation.

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  • This is one of the reasons why I am so much more excited about nft than cryptocurrencies!

    • yeah, these are super neat, and will enable a lot of things

      what I like is that this is a pure “data” / “asset” thing, as opposed to currency for payments etc, or store of value in a traditional way

      • This was the first interoperability revolution. The next one will be with data and digital assets.

  • Dada Dada

    Perhaps you’d like to buy your cryptokitty an art masterpiece from the dada.nyc collection at Kitty Hats. He certainly deserves more than a trucker hat, all due respect. Congratulations on a great investment! https://uploads.disquscdn.com/images/b1c3d9bdfc0ad6f74c63ad9a29b977778739884a44fc841c0feb9d1c16cb72a4.png

    • those are great – nice work!

      • Dada Dada

        Thank you! We love that kitties can collect art, just like zombies can eat kitties. It’s the wonderful world of blockchain.

    • (There are now 899 flat brim hats still available if anyone is interested)

  • jason wright

    is there a hint of out of touch digital decadence here? rich people buying unique kitty assets at top dollar while the masses scratch around to make ends meet. this could become an ugly spectacle. let them eat cats?

    NFT = unit of absolute friction. the immovable object. i await the arrival of the irresistible force, the kittykiller.

    • i totally get that. (btw i bought my kitty for $3.69)

      but there is an enormous market for digital goods, both as collectibles, and within gaming and other digital experiences. if you add to that the potential for the digital goods to be both “real” (have external value) and interoperable / portable, things will get really interesting, I think

      • jason wright

        it is interesting. a new paradigm of value fixing. i look forward to something of more tangible benefit to a wider group, the ‘normal’ people.

  • Very cool! Do you see any potential linkage between these virtual assets and physical ones? For example, would people want to buy a doll based on their crypto kitty? Would they want a virtual version of their real world things? Or do you think the virtual space is where the opportunities are?

    • i suspect that the two will blend

      we are already seeing real world assets getting “tokenized” on blockchains
      i suspect there are already real world versions of cryptokitties somewhere….

  • jason wright

    Nick, could you do me a favour, ask Albert to check his blog settings. The comments function doesn’t appear to be working. Thanks.

  • Nina Kilbride

    Love seeing this – I think Cryptokitties are legal tech. We did forensic analysis of the code at our legal hackers event last week and introduced lawyers to Cryptozombies for learning solidity. Yes, we can do much, much more with this standard. Giggity.

  • Vikas Magar

    Good One…!!! Expecting more of Kitty Use Cases.