Title: Why Is Cryptokitties Trending Today?
1Why Is Cryptokitties Trending Today?
Before using the ERC721 token standards, various
blockchain networks were fungible.
CryptoKitties, through the ERC721, explores the
smart contract feature and works on the concept
of digital scarcity. Thus, the ERC721 allows
CryptoKitties to create unique NFTs. Each
CryptoKitty is unique and has its own digital
identity that are stored in a smart contract.
The CryptoKitties optimises the genetic
algorithm, which in turn, produces unique traits
of each cat. It is this immutable identity that
decides the visual appearance of each
CryptoKitties.
2Why is CryptoKitties Trending Today? The exact
reason why the CryptoKitties NFT is trending
today is still unknown. Led by a strong team of
CEO Roham Gharegozlou, Raul Piirimees, head of
product, Vivian Hu, in charge of the design team,
the CryptoKitties has been making significant
waves in the NFT space. Although initially
built on the Ethereum blockchain, the
CryptoKitties then was moved to the FLOW
blockchain. One of the reasons for the switch
was its high popularity and Ethereums
limitations of processing transactions at any
one time. CryptoKitties breeding was an instant
hit, and it thereby prevented the platform from
being able to verify the transactions quickly.
Conclusion Today, CryptoKitties has created its
own unique space in the NFT space. Along with
the Bored Ape Yacht, it can be dubbed as one of
the sought-after NFTs.
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