Internet phenomenon cryptokitties: the hype simply explained

The crypto kitties have triggered a lot of hype on the Internet, but it is not immediately clear what exactly it is. We clarify it.

Cryptokitties: digital cats from the blockchain

Cryptokitties is a game in which cats with cryptocurrency are bought, collected, paired and sold when needed. According to the developers, the crypto kitties should offer a playful entry into the world of cryptocurrencies, such as Bitcoin.

• With Cryptokitties, every cat is unique and has certain properties. If a player mates two cats with each other, in the best case, he gets a special combination of properties. Because the rarer the characteristics and the older the cat, the more valuable it is.
• Every cat and every pairing costs money. Payment is made with a well-known cryptocurrency, the Ethereum. A cat only costs a few euros to buy.
• The cats are not only part of a funny game, but can also serve as an investment. In the best case, players with rare traits can sell cats profitably, sometimes for over 100, 000 euros.
• Of course, the developers of the game don't go away empty-handed. A fee of 3.75% is charged for every transaction, i.e. for every purchase and every pairing of a cat.

How to buy the virtual cats with cryptocurrency

1. On the website of CryptoKitties.co you can collect the digital cats. The website uses MetaMask to keep your cats and certain financial assets in a safe place.
2. This is an add-on for the Chrome browser. If you have not yet installed Google Chrome, you can download the browser using the link.
3. Install MetaMask and create a free account there. You can then manage your Ethereum balance through MetaMask. This practical tip shows you how to buy Ethereum.
4. If you bought Ethereum with real money and transferred it to MetaMask, you can buy your first cat from CryptoKitties. Payment is processed securely directly in the browser via MetaMask.