Cryptokitties enters China, Hong Kong and Taiwan

The most successful consumer product built on blockchain launches with an iOS app limited to 5,000 players
08 March 2018   1931

Today, Cryptokitties becomes officially available in China, Hong Kong and Taiwan. It comes from North America, where it blasted with gigantic success in 2017 that also resulted in a massive overload of Ethereum network. In order to address this issue and mitigate the potential risk Cryptokitties is open for 5,000 players only. The game comes in the form of an iOS app and those who wish to play need to join Cryptokitties official account on WeChat and register their email address on a special entry page. Meanwhile, random lucky players will be awarded with open spots. The launch is accompanied with the start of a localized website, native-speaker support and several giveaway events.

The brand ambassador will be renowned Chinese illustrator Momo Wang. As the special edition Cryptokitties Artist series is under development by well-known artists, Momo Wang will be the first such contributor. A significant increase of transactions on Ethereum is expected as these special edition cats are on high demand. Notably, one of the cats will be put on a global auction, and it will be one of the initial examples an artist auctioning ownership of their art via blockchain platform.

We created CryptoKitties to make blockchain technology accessible to everyday consumers. Games like CryptoKitties drive adoption of emerging technologies like blockchain. They also showcase blockchain's potential beyond cryptocurrency, gifting users with a working fluency in the underlying technology by hinting at what the future of digital art ownership may look like.

 

Benny Giang

Co-founder,  CryptoKitties

Cryptokitties is the largest Ethereum network based game that has gained 1.5 mln users registered and been a go-to method for over $40 mln worth transactions. The game is also responsible for approximately 25% of the network traffic at its peak.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   90

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.