4 BILLION DIGITAL CATS: CRYPTOKITTIES CONFIRMED FOR MALTA SUMMIT

CryptoKitties, the blockchain-based virtual cat collectibles, will be participating in the Social Impact workshop at the Malta AI and Blockchain Summit this May.

If at this point you’re asking; “what the hell are CryptoKitties”, let me fill you in. So, its basically a blockchain-based cat-themed game in which people collect digital, breedable cats. It was built on the Ethereum network, and is the perfect example of digital scarcity in action – allowing people to collect and own rare digital items in much the same way as offline collectors do.

Anyone who is old enough to remember the Beanie Babies craze in the late 1990s – imagine that, but in the digital world, and with an incredible 4 billion unique cats potentially available to collect. There’s 4 billion because each ‘parent’ cat has a 256-bit genome… so their offspring has 4 billion possible variations.

It doesn’t take much effort of imagination to see there’s an incredible commercial opportunity there – tapping into the age-old desire to collect and own rare things, but with the convenience of the digital ecosphere.

Held from the 23^rd to 24^th of May, the spring edition of the Malta AI and Blockchain Summit is expected to attract a global crowd of exhibitors from the AI, quantum tech, IoT and big data fields, and will host several conference and workshops.

AYO.NEWS says:

The idea of true digital ownership (i.e. where you can even move and trade your assets between platforms), has the potential to truly revolutionise not just the gaming and collectible worlds, but the entire global economy. Recently we caught up with Sergei Labutin, Executive Director of Ether Dale, the Tallinn-based developer and publisher of unique blockchain games, to discuss just this – you can read the full interview here.