Stephen Curry Becomes First Celebrity CryptoKitty

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Stephen Curry Becomes First Celebrity CryptoKitty

National Basketball Association (NBA) superstar Stephen Curry of the Golden State Warriors, considered the best shooter in history by many players and analysts, has become the first celebrity to team up with popular Ethereum-based game CryptoKitties.

Three different CryptoKitties based on Stephen Curry have been developed, dubbed CurryKitties. In honor of the release, 10 highly-coveted CryptoKitties are being given away to lucky winners, in addition to a curry recipe for anyone who signs up.

The three CurryKitties are available for purchase starting at a price of ETH 100 – equivalent to $73,000 at the time of this writing – and until purchased, the price will keep declining until it reaches ETH 5, which is still a hefty thousands of dollars. It remains to be seen whether anyone will actually purchase the CurryKitties, since normal CryptoKitties can cost less than USD 5 on the marketplace.

CryptoKitties is marketed as one of the first blockchain-based collectibles and games. It uses the Ethereum blockchain, and is currently the second most popular and valuable cryptocurrency in the world by market capitalization. Its blockchain is one of the most secure due to an immense amount of mining power. Each CryptoKitty is stored in the blockchain and is virtually impossible to steal since it’s cryptographically secure.

CryptoKitties are digital property whose ownership can be verified with the blockchain, and there is a marketplace where users can buy and sell the CryptoKitties. To play CryptoKitties, first users must purchase a cat in the marketplace with Ether; it is recommended that they buy two cats so they can breed and generate more CryptoKitties. Theoretically, it is possible to make money playing CryptoKitties if users breed cats and then sell them on the marketplace. Some CryptoKitties are far more valuable and coveted than others, and are called fancy cats; they can be generated with the right breeding combinations.

The CurryKitties are possibly the first sports memorabilia stored on a blockchain, making this a milestone for blockchain technology and partnerships. As use of blockchain technology expands globally, more digital property of all varieties will be stored on blockchains.

 

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