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