Author

Topic: CryptoKitties initial cats selloff -an ICO? (Read 144 times)

newbie
Activity: 64
Merit: 0
January 01, 2018, 04:25:05 PM
#3
Cryptokitties.co blockchain game initially sold some cats to raise capital-correct me if im wrong please
their digital cat images are effective ERC721 non-fungible tokens.
Was this initial sale of the cats in reality an Initial Coin Offering? if they in fact sold ethereum tokens.
if not, how that sale may be defined?

You are correct. Their digital cat images are effective non-fungible ERC721 tokens. There is a good article about it on blockgeeks
newbie
Activity: 2
Merit: 0
January 01, 2018, 04:03:43 AM
#2
Cryptokitties is just an online game like a lot of others. The main difference is that you pay not real money like dollars or euros but ethereum. It isn`t an Inintial Coin Offering, no new tokens.
newbie
Activity: 2
Merit: 0
January 01, 2018, 12:30:31 AM
#1
Cryptokitties.co blockchain game initially sold some cats to raise capital-correct me if im wrong please
their digital cat images are effective ERC721 non-fungible tokens.
Was this initial sale of the cats in reality an Initial Coin Offering? if they in fact sold ethereum tokens.
if not, how that sale may be defined?
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