In today's video, I will do a quick review of
CryptoKitties platform. I will go through the most important, we'll share with you some
personal insights and experience with the platform, and as well you will see how to buy
Kitties, how to sell them and how to breed them. Welcome to the Trading Channel, it's Petko Aleksandrov and today, I am on Cryptokitties.ko, a platform that is relatively popular already in the virtual
world and especially for the people that like kitties and if you don't want to miss reviews to
other Crypto platforms and NFT platforms, make sure to subscribe to our channel so you'll get notified
whenever we upload new video, alright.
So the first thing I'll be doing is to click on Start and I will create an account with Metamask. So, I already have an account, I will put my email and I will put
a nickname, and for example, I will just use my name which is absolutely fine for me, okay, here it is,
Petko Aleksandrov and I will tap on continue, and almost there. As a final step, your Wallet will
ask you to digitally sign in to link it with CryptoKitties. Click the button to proceed, sign in,
so here comes my Metamask account. All I need to do is just sign, okay. It says in Bulgarian language
sign, let me just translate it to English signature, okay, so here it is. I will just sign it and here
we go, that's all I had to do, I am now connected with my Metamask account.
So I have some Ethereum to use and then what's nice to see is that there are plenty of classes and guides, so for example,
if I start the kitten class which is the first one, you will see a kitten class breeding. Alright, so
what's the idea here? You can buy kitties from the marketplace and just keep them as NFTs or resell
them but with CryptoKitties platform, you can do much more, you can play with them, you can breed
them and the first class is about breeding, so it's a demonstrational class and I would suggest
you to go over it if you're interested, just to play around and you will see that they give you
two kitties and if I click on Next, you can read the tips below.
Each kitty is unique and they give
you the option to use the buttons to learn how to use the platform. So for example, if I want to
breathe them, I will decide which kitty is the lady, which, for example, I will tap on the pink one,
then I will need to select the male one, so I'll click on the next one and then, okay, give
them some privacy, right, and this is how the kitties will breed and they will do the
magic and you will see a new kitty born, okay, so this way, basically, you can create new kitties and
after that, you can sell them or you can use them as a male on the platform so others might use your
kitty to breed with their female kitties and so on. It's very entertaining and if I tap on the egg,
you will see how the kitty is born.
It's a new unique NFT kitty and then you can sell it or
you can store it or one more time you can use it for breeding as well, okay. So, there are plenty of
tips as well on CryptoKitties website, for example, it is recommended that you breed kitties from
the same generation, okay, so you see that these two that are examples here are from generation
two and of course the more unique the kitties, that is better. I will go back to the main website
and I will show you what's more here, so one more time, make sure to go through the guides, they will
give you a better idea and understanding how it works, how you can sell kitties or serving
them and there are plenty of tips as well.
How the cat features work, what are the attributes,
for example, you can see what a kitty we have here, Contributes could be the eyes, the mouth or
anything around it, then we have Cooldown Speed so every time the kid is breathed, they have
some cool down parameters, so for example, it could be slow, okay, and you see how much time it takes. Basically, this is how much time it takes from one breeding to the next one so you can use the
kitty again to produce a new kitty, okay. So this is about the breeding, very entertaining especially
if you have a daughter, this is how actually I got into Cryptokitties website.
I played together
with my daughter because she likes stuff like that and I wanted to teach her something that is
connected to the Crypto but at the same time will be interesting for her. Obviously, if I show her
Trading Patterns and Charts and my Crypto Trading or investing, it wouldn't be interesting for her, right, but when I showed her the crypto kitties, she got very entertained and she already has her own
account where I'm sending some Ethereum and she is buying some kitties, selling them, I don't know how
many kitties actually she has right now and in the same time, this is the future, right, or we can say
already, it's a present because there are thousands of people playing on the Cryptokitties website.
And something very important here, every time we do a transaction, we buy a Cryptokitty or we breed
kitties. There are gas fees, pay attention to that because this is on the Ethereum blockchain and all
the transactions are stored on the blockchain and we pay gas fee. So basically for everything, you
need Ethereum and if I go again to the Crypto kitties main website, I will go back just to the
main page, you will see that the marketplace is huge, okay it's enormous. If I go to the catalogue,
you will see that we have the Catributes which I already mentioned, we have the fancy cats, exclusive
cats and by the name you can understand that this will be more expensive cat, so the more exclusive
the cat is, obviously, more money it will cost.
You can see how different these cats are, for example,
I will click on that one that looks like coming from Hawaii, so this is the Papacatuanuku, as you see the number, okay, so this is a cat with the number 1,500,000 and usually, kitties with such unique number or we can say it's a milestone number, cost a lot of money and you
can see what is the price, okay, it's over thousand Ethereums and by the time I'm recording this video,
Ethereum sits nearly to $ 3,000 so, yep, that's a lot of money guys, and uh, below
you can see the birthday, March, the 31st 2019 and we have some special features as well, we have
who the parents are and I can click on the mother and I can see more details about the mother, okay,
which cost 0.5 of Ethereum which is about $ 1,451.
At the current moment, and you can see what
are her Catributes and which are her parents, the children, so I can go now to her father or the
grandfather of the initial kitty that I showed to you and right here, you can see who is the owner as
well and below we will see all the children, okay. So you see how many children this kitty has, okay,
like many. So in the catalogue, you can go through the different kitties, you can go through some special
editions as well and one more time, the more unique the kitty is or the earlier generation it is or if
it has a unique number or like around this number, it will cost a lot of money but on the other hand,
there are some kitties that are relatively cheap. For example, if I click on Search and I tap on For
Sale will be all the kitties that are for sale and you see that the starting point is 0.001 and they are sorted by price and if I click on the first one, you will see all the info about that
kitty, it's called Honey B.
It's, uh, 15th generation. It has seven likes, there are Cattributes, the
birthday of the kitty, there are the parents and the children and I just noticed that the button is
unactive, okay, it says auction issue please find a new kitty on the market, so currently, I cannot
buy that kitty for some reason but what I wanted to show you to conclude in the video is that, even
if you go through the expensive ones that sell for nearly $1,000,000 or even more, for example, if I click on that one you will see that this kitty sells for over 1000 Ethereums which
is over $1,000,000, so the NFTs are not actually the market where you can get rich in
a few days and you can buy the super cheap NFTs and then just change the price to thousands of
Ethereums. There are people doing it for sure, okay, so there are people that are buying the cheap
kitties, they just change some Cattributes and so on and they increase the price but that's okay, it's
a free market and you can set any price of the kitties that you own but make sure to research
very well the kitties, if you are planning to spend more money and what I wanted to say is
that, even you choose the very very good kitty, this applies actually for the whole NFT world, right, even you spend a lot of money for an NFT, there is no guarantee that after that
you will be able to sell it for more money and make some profit out of it.
So as I said, personally
I've been playing with this platform for some time, my daughter enjoys it, so, if you have a daughter, it
might be a platform where she could play around if you have some extra Ethereums to spend of course,
and of course, if the kitties are not your thing, then you should go ahead with other NFT platforms
where you can find more suitable art for your personality. On the cryptokitties.ko website, we
have kitties, okay, and personally, one more time, I found it useful for my daughter and the platform
is expanding. Actually, there are new kitties every day coming up, so I'm pretty sure that
the people who specialize into it and know how exactly to choose the generations, the
types of kitties and breed new kitties that worth money, it could be a nice flow income in
the long term.
Alright, so let me know if you have any questions in the comments below or
share your experience with cryptokitties.ko, so the video will be more useful for everyone
watching and if you have enjoyed the video, thumbs up and subscribe to our channel so you'll get
more Crypto videos from us. Take care and stay safe..