How Buying a CryptoKitty Helped Me See Some of the Crypto Future
TL:DR; there’s more than meets the eye to a Crypto Kitty. It could be called Crypto Trojan Horse.
I bought my first CryptoKitty the other day, just to see what the experience was like. I know, I’m a bit late to the game on this one. I probably should have purchased one earlier, but I never got around to it. I’m glad I finally did.
You can start here, if you are interested.
He provides a strong explanation as to why, in this video, which I really enjoyed.
For him, CryptoKitties is the first step in a long path towards driving decentralization into society through entertainment and fun. It’s a trojan horse (my words, not his) for helping people understand the power of censorship-resistant ownership.
While I am not a fan of cats in real-life, there is something fun and exciting about knowing that there is a “thing” out there, a crypto-collectible, in the parlance, that I own and that no one can take away from me ever. What’s more, it is a one-of-a-kind entity on the planet. There’s also something fun about exploring the KittyVerse and shopping for KittyHats that, after you purchase them, belong to the kitty, not to you.
You can see a future where a digital artist could mashup a series of unique, digital items to create a one-of-a-kind asset, guarantee its authenticity via the blockchain, and then sell that to a collector. Why not, right? It happens in the offline world all the time.
Cialdini, about whom I’ve blogged about a ton, highlights scarcity as something we are all programmed to value. This example of non-fungible tokens (a geeky way of saying ‘one of a kind’) helps make it real. It may seem silly, but buy the cheapest one out there as part of your ongoing crypto education, if for no other reason.
The one thing I don’t like about CryptoKitties is that someone can’t link to their CryptoKitty page (like this one, which isn’t mine) without giving away information about their Ethereum address.
Still, it’s a really powerful glimpse of the future (just like owning one of the limited edition “I Never Stop Marketing” badges is- a few still left)